UnitedHealth Group is spending $69 billion on value-based payments, up from $64 billion in 2017, according to Forbes contributor Bruce Japsen.
The amount UnitedHealth pays under value-based contracts represents nearly half of its annual reimbursements, Dan Schumacher, president and COO of UnitedHealth's insurance arm UnitedHealthcare, said during the company's third quarter earnings call. He said UnitedHealthcare is tracking ahead of its goal to transition $75 billion in payments to value-based agreements by 2020.
"We've been very successful in that migration towards a population orientation," Mr. Schumacher said Oct. 16, according to Forbes. "Some of our more progressive relationships are actually with our ACO partners, and in those relationships, we work to share data, share insights, drive better coordination, close gaps and care for people."
In March 2018, UnitedHealth said it planned to tie $75 billion of its payments to value-based care contracts by the end of 2020, up from $64 billion in 2017, according to the insurer's annual report on value-based care progress.
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