Blue Cross Blue Shield of Arizona becomes first
payer to contract with joint venture
McKesson Business Performance Services (McKesson) announced it
has partnered with Blue Cross Blue Shield of Arizona (BCBSAZ) to
form a joint venture designed to deliver a broad range of services
to help healthcare providers succeed in today’s value-based
environment. The new company, ACO Partner, is a Maximum Services
Organization, an innovative collaborative that will leverage
McKesson’s physician engagement, care management, and population
health services and technology. ACO Partner plans to contract with
payers and provider groups nationwide to increase the overall
quality of care through strong partnerships in pursuit of the
triple aim of lowering costs, improving outcomes and enhancing
overall patient experience.
ACO Partner’s central objective is to unify patients, providers
and payers across the care continuum. Provider organizations will
have access to a full spectrum of value-based services, including
strategic management, analytics, physician engagement, network
development, care coordination, care navigation and patient
engagement. Participating providers will also have access to shared
savings opportunities with partnering payers that will provide
incentives for greater efficiencies and improvements in the quality
of care.
The first payer to contract with ACO Partner is BCBSAZ, which
has over 1.5 million covered lives in Arizona. BCBSAZ is also a
primary investor in ACO Partner through their subsidiary,
Trinnovate Ventures. McKesson and BCBSAZ have invested in the
development of an infrastructure that will support strategic
collaboration between payers and providers while enabling ongoing
patient engagement.
Vishu J. Jhaveri, MD, senior vice president of Health Services
and chief medical officer of BCBSAZ, said the company recognizes
the importance of collaborating both with providers and other
payers to achieve the triple aim.
“BCBSAZ is enthusiastic about working with McKesson on this
innovative joint venture,” Jhaveri said. “We are fully committed to
supporting an approach that benefits not only our patients but also
other patients, providers and stakeholders across the care
continuum."
“McKesson’s proven track record of collaborating with multiple
payers and providers, along with the resources they have developed
to help these organizations succeed in the value-based environment,
make this an ideal fit for BCBSAZ. We look forward to working
closely with them to help make triple aim a reality.”
John Wallace, McKesson’s national vice president and general
manager of accountable care services, and appointed president and
COO of ACO Partner, said ACO Partner offers a systematic, scalable,
payer-neutral solution that can assist physicians with the
practical components of value-based care, including disease
management, care management, population health management and
patient engagement.
“ACO Partner will help benefit all healthcare stakeholders along
the healthcare continuum,” Wallace said. “For physicians and health
systems, McKesson’s services will help ease their burden as they
become active participants in value-based care. For payers, ACO
Partner will help support improved outcomes and cost efficiencies
by educating patients about high-quality, lower cost care, and by
improving coordination and collaboration between providers.
Finally, for patients, the new entity is intended to strengthen
outcomes while helping reduce out-of-pocket expenses.”
Pat Leonard, president of McKesson Business Performance
Services, said ACO Partner will harness resources from across
McKesson Corporation to provide comprehensive services and
technology infrastructure designed to enable physicians and health
systems to deliver value-based care to their BCBSAZ patient
population. McKesson will provide analytics to support payers as
they collaborate with provider networks to improve care quality,
reduce unnecessary medical spend, manage population risk and
support population health management.
“As the nation’s largest healthcare company, McKesson is
fortunate to have an enormous pool of highly skilled individuals
who have developed a very practical understanding of the tools and
skills providers need today to be successful,” added Leonard. “We
are excited about focusing these capabilities through ACO Partner
and working with a company like BCBSAZ to make this powerful vision
a reality.”
About McKesson Corporation
McKesson Corporation, currently ranked 11th on the FORTUNE 500,
is a healthcare services and information technology company
dedicated to making the business of healthcare run better. We
partner with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to
build healthier organizations that deliver better care to patients
in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions
that include pharmaceutical and medical-surgical supply management,
healthcare information technology, and business and clinical
services. For more information, visit www.mckesson.com.
About Blue Cross Blue Shield of Arizona (BCBSAZ)
BCBSAZ is committed to helping Arizonans get healthier faster
and stay healthier longer. With a focus on connecting people with
the care they need, BCBSAZ offers health insurance and related
services to nearly 1.5 million customers. BCBSAZ, a not-for-profit
company, is an independent licensee of the Blue Cross Blue Shield
Association. The company employs nearly 1,500 people in its
Phoenix, Chandler, Flagstaff and Tucson offices. Through
advanced clinical programs and community outreach, BCBSAZ is moving
health forward. To learn more, visit www.azblue.com.
About Trinnovate Ventures, Inc.
Trinnovate Ventures, Inc., a subsidiary of BCBSAZ, is designed
to accelerate health innovation through strategic investments that
improve the quality of life, increase efficiencies and enhance the
overall healthcare experience for consumers and providers.
Trinnovate Ventures fosters business development, advances the
business incubation cycle of emerging healthcare solutions and
services, and offers access to capital and strategic assets. For
more information, visit: www.trinnovateventures.com.
About ACO Partner
ACO Partner was founded as a joint venture by MED3OOO, Inc., a
subsidiary of McKesson and Trinnovate Ventures, a subsidiary of
BCBSAZ. ACO Partner is an independent physician-centric
organization that works with payers, providers, and patients to
create value-based care models. ACO Partner is a payer-neutral
company, with the goal of achieving the Triple Aim of improved
patient experience, improved health of the population, and
reduction in the per capita cost of care. For more information,
visit: www.acopartner.com.
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McKesson CorporationAmy Stratton,
404-704-8715amy.stratton@mckesson.com
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