Canopy Health Selects Conifer Health for Value-Based Care Services
September 22 2016 - 11:30AM
Business Wire
Expertise in ACO Development and Risk
Management Prepares Network for Full Risk
Conifer Health Solutions today announced that Canopy Health
selected it to provide financial risk management and population
health services for the network’s management of Canopy Health’s
risk-based agreements and covered lives. This agreement reflects an
expansion of services, following Conifer Health’s successful
network development engagement and assistance to Canopy Health in
obtaining a restricted Knox-Keene license earlier this year from
the California Department of Managed Health Care.
The license allows Canopy Health to contract directly with
health plans to develop insurance products. By taking on full-risk
contracts with select health plans, Canopy Health is now able to
specify savings arrangements, quality and care management
standards, and exercise more accountability for the patient
population. Canopy Health’s pursuit of full-risk contracts comes at
a time when growth of risk-based care organizations is projected
for nearly every region in California.
“Healthcare reform and consumer expectations has led to
unprecedented changes in the payer and provider landscape in
California, resulting in a shift to deliver higher quality of care
and service under new payment models,” said Joel Criste, CEO of
Canopy Health. “Conifer Health’s extensive experience in managing
regional, risk-bearing organizations with multiple independent
hospital and physician associations gives us confidence that we
will achieve our vision to provide consumers with the right care,
in the most appropriate setting and at an affordable cost.”
Plans call for Conifer Health to support all the financial and
administrative services for the Canopy Health network, as well as
assist in management oversight of the network operations.
“Providers continue to experience significant challenges
achieving the right balance between appropriate care delivery and
effective cost management. Conifer Health’s two decades of
expertise helps ACOs like Canopy Health improve quality, boost
efficiency and mitigate risk,” said Megan North, president of
Value-Based Care for Conifer Health. “We are honored that Canopy
Health has chosen us to help build a competitive network that
provides an affordable and personalized healthcare experience.”
About Canopy Health
Launched in March 2015 as an affiliation between UCSF Health and
John Muir Health, Canopy Health provides a top-quality continuum of
care across the San Francisco Bay area through affiliations with
primary care providers, community hospitals, top-tier academic
medical facilities and medical groups. In addition to its founding
members, the Emeryville, Calif.-based network includes three
physician groups, Hill Physicians Medical Group, John Muir
Physician Network and Meritage Medical Network, representing more
than 4,000 physicians in the Bay Area, and 12 acute care hospitals.
As an Accountable Care Network, Canopy Health will partner with
health plans to offer competitively priced insurance products
starting in the fall of 2016. Visit CanopyHealth.com.
About Conifer Health
Conifer Health brings 30 years of healthcare industry expertise
to clients in more than 135 local regions nationwide to help
strengthen their financial and clinical performance. Conifer Health
helps organizations transition from volume to value-based care,
enhance the consumer and patient healthcare experience and improve
quality, cost, and access to healthcare. Annually, the company
manages more than 24 million patient interactions, more than $29
billion in net patient revenue and nearly $17 billion in medically
managed spend. Conifer Health also provides technology and health
management services to support care management for more than 5.7
million lives. For more information, visit ConiferHealth.com or
follow @ConiferHealth on Twitter.
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version on businesswire.com: http://www.businesswire.com/news/home/20160922005918/en/
Conifer HealthSharon Lakes,
469-803-3654Sharon.Lakes@ConiferHealth.com
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