Tufts Medicine, Navvis Partner to Accelerate Value-Based Care, Driving Healthcare Transformation in Massachusetts
April 24 2024 - 8:05AM
Business Wire
Together, the companies are creating better
experiences for patients and physicians, improving affordability,
quality, access, and experience
Tufts Medicine, a leading integrated health system in
Massachusetts, and Navvis, a leading population health company,
today announced an exclusive partnership, driving a transformative
shift in healthcare delivery through the acceleration of
value-based care. This initiative is a major step in addressing
critical challenges in healthcare today, prioritizing patient care,
addressing physician burnout, and maintaining cost savings by
integrating care delivery across all settings.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240424122222/en/
Tufts Medicine and Navvis partner to
accelerate value-based care.
Tufts Medicine brings more than 250 years of innovative care
delivery and proven success managing risk-based contracts across
Medicare, Medicaid, and commercial populations. Its strategic
partnership with Navvis elevates and scales value-based
capabilities across its system, which includes an academic medical
center, three community hospitals, a care at home organization, and
a network of more than 2,300 physicians in Massachusetts and
southern New Hampshire. This model represents an increased clinical
focus on patient outcomes and efficiencies. Contrasting traditional
fee-for-service models, which often prioritize quantity over
quality of care, value-based care aligns physician incentives with
patient health outcomes, enhancing the quality of healthcare
services while controlling costs.
"Investing in the future of healthcare and in our communities
has never been more important, and we have a profound obligation to
address systemic challenges facing our care teams and ultimately
our patients,” said Michael Dandorph, chief executive officer at
Tufts Medicine. “Our goal in partnership with Navvis is to address
the current fragmented and high-cost market and find new ways to
deliver a more seamless and cost-effective standard of care. This
isn't just about evolving business models; it's about fundamentally
transforming all aspects of how we deliver care."
The partnership is underpinned by several strategic initiatives,
including changes to care models, workflows, and staffing
approaches, state-of-the-art IT solutions and payer strategies, all
designed to achieve efficiency and improvements in patient care.
Each element of this collaboration is designed to drive a more
efficient, equitable, and patient-centric care model by:
- Restoring joy in the practice of medicine by providing
physicians and care teams the right support;
- Accelerating growth through risk management for a sustainable
financial model;
- Ensuring equity in healthcare access for all patients in
Massachusetts; and
- Creating collaboration and partnerships with clinicians,
payers, and employers.
"In an environment shifting from volume to value,
high-performance health systems recognize that the incentives
driving healthcare must change,” said Mike Farris, chairman and
chief executive officer of Navvis. “Our partnership with Tufts
Medicine is a bold move toward redefining healthcare, where a
value-based approach to care is the new expectation of how all care
should be delivered. We're uniting to demonstrate that the best way
to grow is by delivering quality care that's accessible,
affordable, and patient-centric.”
By partnering with Navvis, Tufts Medicine joins an innovative
group of healthcare organizations that are currently transforming
care for more than 3 million people in 11 markets across the U.S.,
with proven solutions and contemporary models of care. This
approach demonstrates how strategic partnerships and value-based
models yield tangible improvements in patient care and system
efficiencies.
About Tufts Medicine
Tufts Medicine brings together the best of academic and
community medicine to deliver exceptional, connected and accessible
care. Comprised of Tufts Medical Center, the principal teaching
hospital of Tufts University and the Tufts University School of
Medicine, Lowell General Hospital, MelroseWakefield Hospital,
Lawrence Memorial Hospital of Medford, Care at Home, and an
integrated network of 2,300 physicians, we treat the most complex
conditions, keep our communities healthy and bring research
breakthroughs to life. www.tuftsmedicine.org
About Navvis
Navvis is the leading population health company, driving
performance in value-based care. As an operating partner to some of
the country’s most innovative health systems, physician
enterprises, and health plans, we provide solutions that accelerate
the journey to value-based care. Our approach is market-based – we
respect the unique needs of populations in each community,
including access to care, culture, values, and capabilities.
Together with our partners, we set a new national standard in
healthcare performance that delivers the affordability, quality,
access, and experience that all patients deserve.
www.navvishealthcare.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240424122222/en/
Susan Frankle Navvis susan.frankle@navvishealthcare.com
Jules Slater Tufts Medicine jslater@issuesgroup.com