Cigna (NYSE:CI) and BayCare Health System are extending their long-standing relationship through two new agreements that include the launch of a collaborative accountable care initiative with BayCare Physician Partners and a new three-year agreement for BayCare’s 10 hospitals and other affiliated facilities to continue to be a part of Cigna's network through 2015. The new agreements became effective January 1, 2013.
Collaborative accountable care is Cigna's approach to accomplishing the same population health goals as accountable care organizations, or ACOs. The Cigna/BayCare initiative is designed to expand patient access to health care, improve care coordination, and achieve the “triple aim” of improved health outcomes (quality), affordability and patient satisfaction.
“This new initiative with Cigna will help our doctors and their staffs to practice medicine the way they want to practice – with a focus on using the resources of BayCare and Cigna to improve both health outcomes and the patient experience,” said Bruce Flareau, M.D., president, BayCare Physician Partners. “And because BayCare hospitals will continue to be in Cigna's network, we can offer even more closely integrated services when a patient needs outpatient or inpatient care.”
The program will benefit approximately 13,000 individuals covered by a Cigna health plan who receive care from among approximately 1,000 doctors affiliated with BayCare Physician Partners practicing in some 320 Tampa-area locations. BayCare Health System hospitals and other facilities will continue to be available as an in-network option for all Cigna customers in Florida.“This collaborative accountable care initiative is our first such program to launch in the Tampa area, and we have the ideal clinical partner in BayCare,” said Scott Evelyn, president and general manager of Cigna in Florida. “BayCare shares our vision of changing the health care delivery system from one that rewards volume of care to one that puts the patient at the center and rewards quality of outcomes and value.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV