CommonSpirit Health establishes population health services organization to accelerate value-based care best practices nationwide
Press releases may be edited for formatting or style | September 21, 2023
Business Affairs
CHICAGO--(BUSINESS WIRE)--CommonSpirit Health today launched a national value-based services platform, Population Health Services Organization (PHSO), focused on expanding access to equitable care, improving quality and outcomes, and lowering the cost of care. The PHSO will provide services such as advanced population health analytics, network management, care coordination, data management and analytics, technology infrastructure, reporting and more to help providers and provider networks excel in value-based care.
CommonSpirit Health serves urban and rural communities across 24 states, and is one of the nation’s largest providers of Medicare and Medicaid services. As a result, CommonSpirit’s PHSO will serve a more diverse payer portfolio than any other management services organization nationwide, improving equitable health outcomes by supporting the delivery of high-quality, affordable and coordinated care for millions of patients across the country.
“The PHSO is a natural extension of our mission and longstanding commitment to providing high quality, equitable care and addressing social determinants of health,” said Wright Lassiter III, CEO, CommonSpirit Health. “We are leveraging the national scale of CommonSpirit and our expertise in value-based care across diverse, community-based health system environments in order to elevate the standard for health care in the U.S. and help providers succeed in value-based care.”
The PHSO is designed to foster collaboration between independent and employed providers by supporting networks that are inclusive of both. These high-performing networks of physicians will result in elevated quality care for every patient. Today, half of the providers engaged in CommonSpirit value-based agreements are not employed by CommonSpirit, a part of the network the PHSO only anticipates will grow more in the future.
Value-based care prioritizes value of care over the volume of care provided. It is a health care delivery model that rewards holistic and coordinated care across the continuum to improve health status, quality and equity. It is often driven by value-based contractual agreements that are designed to incentivize providers to achieve better outcomes, quality, and patient experience while lowering the total cost of care. The demand for value-based agreements by payers and providers is also increasing. For example, CMS has stated that the vast majority of Medicaid and all Medicare beneficiaries will be in a value-based care relationship by 2030.
CommonSpirit Health serves urban and rural communities across 24 states, and is one of the nation’s largest providers of Medicare and Medicaid services. As a result, CommonSpirit’s PHSO will serve a more diverse payer portfolio than any other management services organization nationwide, improving equitable health outcomes by supporting the delivery of high-quality, affordable and coordinated care for millions of patients across the country.
“The PHSO is a natural extension of our mission and longstanding commitment to providing high quality, equitable care and addressing social determinants of health,” said Wright Lassiter III, CEO, CommonSpirit Health. “We are leveraging the national scale of CommonSpirit and our expertise in value-based care across diverse, community-based health system environments in order to elevate the standard for health care in the U.S. and help providers succeed in value-based care.”
The PHSO is designed to foster collaboration between independent and employed providers by supporting networks that are inclusive of both. These high-performing networks of physicians will result in elevated quality care for every patient. Today, half of the providers engaged in CommonSpirit value-based agreements are not employed by CommonSpirit, a part of the network the PHSO only anticipates will grow more in the future.
Value-based care prioritizes value of care over the volume of care provided. It is a health care delivery model that rewards holistic and coordinated care across the continuum to improve health status, quality and equity. It is often driven by value-based contractual agreements that are designed to incentivize providers to achieve better outcomes, quality, and patient experience while lowering the total cost of care. The demand for value-based agreements by payers and providers is also increasing. For example, CMS has stated that the vast majority of Medicaid and all Medicare beneficiaries will be in a value-based care relationship by 2030.
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