VHAN Announces 5th Year of Shared Savings
VHAN has announced a $7.5 million shared savings distribution that will be paid to provider members in late 2019. This means that the network has attained health care quality goals that guarantee financial incentives through value-based contracts with insurers. These incentives were achieved thanks to the diligent work of network providers, who have now driven savings for the fifth consecutive year.
This success represents value that network providers achieved in commercial health plan contracts with Aetna and Cigna during 2018. Shared savings are calculated for the prior year once insurance claims have been resolved and performance results have been verified.
Looking ahead, VHAN is implementing new resources that will enable highly coordinated care for patients. For example, new resources such as a centralized VHAN Hub help providers quickly access patient education materials as well as tools to improve the quality and value of the care they provide. The network is enhancing data-sharing capabilities between member providers and organizations so that outcomes can be tracked and the care continuum managed more seamlessly. Finally, care for conditions such as low back pain is being improved through the use of Care Paths, which establish evidence-based best practices across the network.