Ochsner Health Network announces USD40m from commercial quality-based payments.
M2 EQUITYBITES-April 17, 2019-Ochsner Health Network announces USD40m from commercial quality-based payments
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Healthcare company Ochsner Health Network (OHN) stated on Tuesday that it has earned over USD34m in shared savings and USD5.5m in quality payments from its value-based agreements with two of Louisiana's largest commercial health insurers during 2017-2018.
To date, the company said it has achieved its largest shared savings in recognition of the significant improvements in patient outcomes and quality care measures its physicians delivered in 2017-2018. These results add to recent success with senior populations generated by the Ochsner Accountable Care Network (OACN).
In 2018, the company exceeded the National Quality Compass 90th percentile in breast cancer screening rates, improved outcomes for patients with hypertension by controlling blood pressure for 75% of patients, increased network of employed and independent physicians to more than 2,600., increased number of at-risk lives cared for by OHN physicians by 55% as well as managed annual healthcare spending of more than USD1bn across Louisiana.
The company also stated that it entered into a partnership with Walmart to form the Ochsner Accountable Care Plan and launched Blue Connect Network in partnership with the St. Tammany Parish Sheriff's Office.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 17, 2019|
|Previous Article:||Pinnacle Financial Partners declares dividend of USD0.16 per share for Q1 2019.|
|Next Article:||Hope Bancorp announces dividend of USD0.14 per share for quarter.|