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June 27, 2018

Independence Blue Cross, cardiology practice sign 5-year agreement

Health News Health Insurance
IBX Headquarters IBX/for PhillyVoice

Independence Blue Cross has signed a new, five-year agreement with Cardiology Consultants of Philadelphia, the companies announced.

The agreement makes Cardiology Consultants, an independent cardiac care practice, a participant in Independence’s Facilitated Health Networks model – a collaborative approach between health insurers, hospitals and doctors to improve the quality and reduce healthcare costs in the region.

The agreement, which takes effect January 1, 2019, extends the commitment between Independence and CCP to ensure members are receiving care in the most appropriate, high-quality, and cost-effective settings.

Under the FHN model, CCP will expand its bundled payment arrangements for care related to chronic cardiac conditions like heart failure, coronary artery disease, and hypertension – putting CCP physicians in charge of an entire episode of care to ensure that appropriate diagnostic tests are completed, that procedures are performed in the most appropriate setting, and ultimately that all follow up care results in an optimal outcome for Independence members.

Such an arrangement helps keep healthcare costs down and provide members the highest quality care with their doctors highly engaged in the process, the companies said.