UnitedHealthcare, LabCorp accelerate value-based programs under contract renewal

LabCorp will remain UnitedHealthcare's exclusive national laboratory provider through Jan. 1, 2019, under a contract renewal that stresses a further commitment to value-based programs.

The value-based lab service programs will align incentives similar to accountable care arrangements UnitedHealthcare already has with 1,100-plus hospitals and 110,000 physicians. UnitedHealthcare and LabCorp said they will share data to better anticipate members' care options in an effort to reduce care gaps, which will mirror a model UnitedHealthcare already uses to integrate medical and pharmacy data.

The companies said their agreement will help them design benefits that incentivize members to use in-network lab services.

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