Humana Chief Medical Officer Roy Beveridge, M.D., and Oak Street Health CMO Griffin Meyers, M.D., recently spoke to FierceHealthPayer about how both companies are working together to bring the benefits of value-based care directly to members.
“These days, value-based arrangements are common between traditionally adversarial entities like providers and payers,” the article said. “But making these partnerships successful requires a lot more than just signing a risk-sharing contract.
“Health insurer Humana and Oak Street Health, which operates primary care centers, think they have the puzzle figured out. The organizations forged a value-based arrangement in June 2015, combining Humana’s pay-for-value expertise with Oak Street’s holistic, population-health-focused approach to serving Medicare patients in the greater Chicago area.
“Now more than a year later, leaders from Humana and Oak Street are encouraged by the partnership’s early results, saying the use of robust data, open communication between payer and provider, and a focus on quality before cost are all helping drive success.”