Lifespan Corp. and insurer UnitedHealthcare will launch an “accountable coordinated-care organization” in Rhode Island on July 1.
The Providence, R.I.-based not-for-profit health system will be the first in the state and the eighth organization in the U.S. to participate in UnitedHealthcare's accountable care partnership. The shared-savings program is intended to satisfy the Institute for Healthcare Improvement's “Triple Aim”—increase patient satisfaction, improve population health and reduce healthcare costs.
UnitedHealthcare will share claims data and analytics with primary-care physicians who will receive monthly updates on their patients. Participating healthcare providers will also be eligible for payment incentives tied to disease management and prevention, patient safety and satisfaction, quality health outcomes and lower medical costs.
“We look forward to working with UnitedHealthcare to improve the health of the people in the communities we both serve, reducing healthcare costs and improving the patient experience,” Dr. Timothy Babineau, president and CEO of Lifespan, said in a release.
A committee of physicians and representatives from Lifespan is currently being formed to prepare for the implementation of the plan. The health system will also be participating in the Medicare Shared Savings Program.
Lifespan, affiliated with the Warren Alpert Medical School of Brown University, serves patients in Rhode Island and the surrounding areas of New England.
UnitedHealthcare includes more than 250,000 Rhode Island residents and more than 40 million people nationwide in its care provider network. More than $20 billion of its annual physician and hospital reimbursements are connected to ACOs and other similar performance-based programs.