Legacy joins with Regence on accountable care initiative
Legacy Health has announced an accountable care partnership with Regence — with a goal of both improving the patient experience and reducing costs.
Under the agreement, Regence and Legacy will implement a payment model that shifts from traditional fee-for-service arrangements to one that emphasizes quality and total cost of care. This will allow Regence to offer lower premiums compared to the current marketplace and add features aimed at engaging members in their health care decisions. Regence BlueCross BlueShield of Oregon is a leading health plan in Oregon, with nearly 750,000 members.
The new payment model includes shared incentive measures based on quality and cost benchmarks. Studies show that these collaborative, outcome-based health care models help improve quality of care and result in higher patient satisfaction.
The agreement builds on Legacy’s leadership in patient-centered health homes (also known as medical homes).
"Legacy has committed its strategic planning to care transformation and performance excellence, and this venture serves both of those strategies," said Legacy Health President & Chief Executive Officer George J. Brown, M.D. "We are walking the talk of health care transformation."
"With health care shifting by the minute, this announcement allows Regence to make the kind of changes people are clamoring for: a more transparent system that delivers top-notch care," said Don Antonucci, president of Regence BlueCross BlueShield of Oregon. "Legacy’s commitment to the community and stellar track record makes them an ideal partner in our efforts to advance the next generation of collaborative care solutions."
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