Health care spending and quality continue to be a top concern among Americans who pay more for health care yet have worse outcomes and a higher disease burden than other high-income countries. Value-based care, or care reimbursement based on the quality of patient outcomes rather than the quantity of services provided, offers an opportunity to balance the equation.

But even when payers and providers are working together to deliver more efficient care in a value-based care environment, there are still significant technology and process barriers to collaborating around data. Arizona health insurance company Banner|Aetna is cracking the code to true interoperability and delivering key improvements thanks to their unique payvider model. As the fastest-growing health plan in Arizona, Banner|Aetna was formed as a joint venture between Banner Health and Aetna, a CVS Health company.

Owned by both an insurance company and a health system, Banner|Aetna is uniquely aligned around incentives that typically divide priorities between a payer and provider. This alignment strengthens the companies’ shared commitment to reward value over volume of care for the delivery of better outcomes at a lower cost.

Banner|Aetna executives Tom Grote, CEO, and Robert Groves, MD, CMO and EVP, joined an expert panel from Healthcare Innovation to discuss how Banner|Aetna is paving the way when it comes to interoperability in value-based contracting.

“The world is moving towards population health value-based care, and I think to be effective it’s about full organization commitment. Not just the managed care leader, but the CFO and the hospital administrators and everyone must understand that this is the direction we are going. And if we work together, we can reach collective success in this new environment.” Tom Grote, Banner|Aetna CEO

The on-demand panel discussion also covers other key areas where Arizona health insurance company Banner|Aetna is innovating, like care management. Watch the full webinar to learn more about the secret to patient data and care management in value-based contracting.

Moderator: Mark Hagland, Editor-in-Chief of Healthcare Innovation

Panelists:

• Thomas Grote, Chief Executive Officer, Banner|Aetna
• Robert Groves, MD, Executive Vice President & Chief Medical Officer, Banner|Aetna
• Jaime Haak, Growth, Bamboo Health