Humana Announces Inaugural Hospital Incentive Program Participants
20 December 2018 - 2:00AM
Business Wire
Program Designed to Improve Patient Experience
and Health Outcomes for Humana Commercial Members
Leading health and well-being company Humana Inc. (NYSE: HUM) is
announcing the first participating health care providers in its
value-based care Hospital Incentive Program (HIP). Launched earlier
this year, HIP is designed to provide higher-quality, coordinated
care for Humana commercial members.
Humana’s four inaugural HIP participants are:
- Cleveland Clinic Florida
- Jackson Health System (Florida)
- TriHealth (Ohio)
- WellStar Health System (Georgia)
Through HIP, Humana works with health systems toward delivering
integrated care and reducing duplicative services, hospital
readmissions, and complication rates in acute care inpatient
admissions. The program provides compensation based on quality
improvement and performance in three key areas - patient
experience, patient safety, and patient outcomes – as determined by
a number of measures that address hospital-associated infection
rates, care coordination, palliative care, and more. The metrics
incorporate two care certification programs – Integrated Care
Certification and hospital-based Palliative Care Coordination
Certification - developed by The Joint Commission, the nation’s
oldest and largest standards-setting and accrediting body in health
care.
“We’re delighted to collaborate with the first participants in
our value-based care initiative for hospitals,” said Oraida Roman,
Vice President of Humana’s Value-Based Strategies Organization.
“Humana is committed to providing dedicated support to our
participants as they intensify their efforts to provide a
coordinated experience for our members and help them achieve better
health.”
Humana offers the HIP to general acute care hospitals
participating in Humana’s commercial network. The program is part
of Humana’s longstanding commitment to value-based care, which
emphasizes:
- More personal time with health
professionals and personalized care that is tailored to each
person’s unique health situation;
- Access to proactive health screenings
and programs that are focused on preventing illness;
- Improved care for people living with
chronic conditions with a focus on avoiding health
complications;
- Leveraging technologies, such as data
analytics, that connect physicians and help them work as a team to
coordinate care around the patient; and
- Reimbursement to physicians linked to
the health outcomes of their patients rather than based solely on
the quantity of services they provide (fee-for-service).
Humana has an extensive and growing value-based care presence.
As of Sept. 30, 2018, Humana has more than two million individual
Medicare Advantage members and approximately 115,000 commercial
members who are cared for by more than 52,000 primary care
physicians in more than 1,000 value-based relationships across 43
states and Puerto Rico. Humana’s total Medicare Advantage
membership is more than 3.5 million members, which includes
members affiliated with providers in value-based and standard
Medicare Advantage settings. For more information, visit
humana.com/provider/support/vbc.
About Humana
Humana Inc. is committed to helping our millions of medical and
specialty members achieve their best health. Our successful history
in care delivery and health plan administration is helping us
create a new kind of integrated care with the power to improve
health and well-being and lower costs. Our efforts are leading to a
better quality of life for people with Medicare, families,
individuals, military service personnel, and communities at
large.
To accomplish that, we support physicians and other health care
professionals as they work to deliver the right care in the right
place for their patients, our members. Our range of clinical
capabilities, resources and tools – such as in-home care,
behavioral health, pharmacy services, data analytics and wellness
solutions – combine to produce a simplified experience that makes
health care easier to navigate and more effective.
More information regarding Humana is available to investors via
the Investor Relations page of the company’s web site at
www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission
filings
- Most recent investor conference
presentations
- Quarterly earnings news releases and
conference calls
- Calendar of events
- Corporate Governance information
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181219005415/en/
Alissa KrinskyHumana Corporate
Communications312-441-5576akrinsky@humana.com
Humana (NYSE:HUM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Humana (NYSE:HUM)
Historical Stock Chart
From Jul 2023 to Jul 2024