ChristianaCare, one of the most dynamic health systems in the Mid-Atlantic Region, and ValueHealth, LLC, a nationally recognized tech-enabled surgical platform company, have entered into a joint venture partnership that will advance value-based care in Delaware and the surrounding region. The partnership will create a much-needed, value-based ambulatory and hyperspecialty surgical strategy to lower costs and deliver high-quality care for the communities ChristianaCare serves.
The joint venture will develop future sites in the region encompassing Delaware, Eastern Maryland, Southeast Pennsylvania and Southern New Jersey, with an initial focus on hip- and knee-replacement surgery.
The joint venture was developed to address the needs of the community and commercial payors for value-based healthcare delivery. In 2019, the Delaware legislature created the state's first Office of Value-Based Health Care Delivery in the Department of Insurance to reduce health care costs by increasing the availability of high quality, cost-efficient health insurance products that have stable, predictable, and affordable rates. Today, as health systems begin to emerge from the peak of the COVID-19 pandemic and seek opportunities to innovate and come back better than before, the need to design new models built on value-based care is more compelling than ever.
ValueHealth's payor-led, tech-enabled, data-driven digital surgical platform, currently integrated into more than 30 health systems, includes patient steerage, payor bundles, and warranty contracts, as well as its nationally recognized Ambulatory Centers of Excellence (ACE)™ program, which designates ambulatory surgical centers that not only exceed national accrediting standards, but also meet ValueHealth's stricter clinical, quality, and financial measures.
Topic Area: Press Release