Value-Based Healthcare Network for Self-Insured Employers Launches in Florida
St. Johns, FL, December 18, 2019 --( PR.com )-- ValueH Association LLC, the parent company of Florida Association of ACOs (FLAACOs), proudly announced the official launch of its ValueH High Performing Network (ValueH Network). Through collaboration and partnerships with Accountable Care Organizations (ACOs) and other like-minded networks, the ValueH Network will deliver superior transformation of health care across the state of Florida for small to medium sized self-insured employers. Utilizing the relationships that FLAACOs has built with Florida’s ACOs since 2013, ValueH is well positioned to leverage the experience and best practices developed through the shared savings program, and is poised to deliver significant value and patient engagement to employers and their employees.
The ValueH Network is levering a value-based model of care that has been deployed by ACOs for better health outcomes, exceptional patient experience and lower costs. ValueH will partner with its high performing network of providers to bend the cost curve by rewarding them for keeping costs low and quality of care high.
CEO and Chairwoman for FLAACOs, Nicole Bradberry stated, “Florida ACOs are leading other states in adopting best practices and the sharing of ideas to achieve outstanding results. Florida has the highest concentration of independent Medicare Shared Savings ACOs in the country, which can be attributed to the success of the ACOs in the State in generating shared savings and outstanding quality results, but most importantly, to the idea that competing entities are able to share best practices through the formation of FLAACOs in 2013.”
It is this belief that is compelling her and other members of ValueH and FLAACOs to build a network formed by aggregating the ACOs in Florida as a foundation for small and medium sized employers to bend the cost curve.
Balford Francis, one of the officers of FLAACOs state, “One of the primary barriers to bending the cost curve for small to medium sized employers is the lack of a state-wide high performing network aligned around the same principles as the ACOs.” Mr. Francis believes that ValueH has all the right ingredients to solve the cost and quality puzzle.
Milliman recently conducted research on the developments of high-value networks and ValueH through this unique network delivers on all the critical elements:
- The use of high-value provider networks can help reduce premiums and promote more affordable coverage options for consumers - with premium reductions of 5 percent to 20 percent or more when compared with broad network plans.
- High-value networks are developed through a deliberative evolution process considering more than just fee levels.
- Active cooperation and collaboration and participation by providers is a hallmark of successful high-value networks plans.
- Performance on quality measures is the key part of the criteria used for provider selection and inclusion in the network.
- Integration of the value network into plan designs is used to improve the efficiency of care management and quality of care.
About Florida Association of ACOs (FLAACOs), A ValueH Organization
ValueH is the leading member organization in the U.S. with a dedicated focus on driving positive and sustainable change in how value-based care is delivered and reimbursed. Founded in 2012, ValueH’s FLAACOs is a professional organization for accountable care organizations and healthcare leaders throughout Florida and beyond. The associations brings organizations together and drives providers to work together to increase the quality of care delivered to patients while significantly lowering medical costs overall. To learn more please visit our websites at www.flaacos.com and www.valueH.com and connect with us on Facebook, LinkedIn and Twitter.
Florida Association of ACOs
Read the full story here: Value-Based Healthcare Network for Self-Insured Employers Launches in Florida
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