Gastonia, N.C.-based CaroMont Health, Sg2 and GE Healthcare have announced plans to develop and launch several new health delivery initiatives aimed at creating new innovative, and value-based care delivery models.
CaroMont's first initiative will begin by the end of 2010 and will be a bundled payment pilot designed to provide quality care at competitive pricing, improve care coordination, and align hospitals and physicians on cost savings incentives. To ensure a value-based approach, CaroMont Health will partner with local employers and payers to institute cost-effective payments that cover both hospital and physician fees for a full episode of care. The current system of fee for service, fragmented care and complex billing will be replaced with a population-focused and transparent model. The pilot will cover a range of CaroMont Health's most recognized services, and outcomes will be regularly tracked to measure program success.
In order to successfully implement this pilot and future initiatives, CaroMont Health has teamed up with Sg2, a Chicago-based health care information company, and GE Healthcare Performance Solutions, GE's team focused on helping enable healthcare providers to deliver safer, more efficient patient care. Through reform-ready analytics, the Sg2 INSIGHT Clinical Performance Management System will track key metrics -- including potentially avoidable admissions and 30-day readmissions -- and identify specific areas of improvement to help CaroMont Health enhance clinical integration and physician alignment across the care continuum. GE Healthcare's team will then help implement these performance recommendations through process optimization, work flow and quality improvement.