Nearly two years ago, leaders of seven independent hospitals in Connecticut started to talk about cooperating with each other. State policy makers were contemplating a provider tax and changes to the Medicaid program and the hospitals realized they needed to work together to protect themselves, which included cooperating with data analytics.
At the time, accountable care and value-based payment were on the near horizon, as well as provider needs to get ready for ACOs, population health management, shared savings and risk-based contacts. “We had to align and increase our scale to get better pricing for group purchases and to have the geographic scale for population health management,” recalls Patrick Charmel, CEO at Griffin Hospital and chair of the Value Care Alliance, which formed in December 2013.
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