Allina and Blue Cross Blue Shield of Minnesota Enter Sweeping Value-based Pact

Improving patient care and cutting costs was the primary motivation for the new, multiyear pact agreed to by Allina Health and Blue Cross Blue Shield of Minnesota. Negotiations were already underway when COVID-19 hit, which highlighted the need for more closely coordinated healthcare services.

Both provider and payer have agreed to the ambitious goal of cutting costs by 10% over the next 5 year by focusing on services that fall-under the value-based umbrella. In this way payments focused on improving patient outcomes will be 5-10 times greater than a typical outcomes-based, risk-bearing agreement. Read the full story here.

(Source: Ron Shinkman, Healthcare Dive, August 28, 2020