Highmark headquarters, in Pittsburgh.
Pittsburgh-based Highmark Inc. said its value-based payment program saved the insurer more than $260 million within its first year.
The nonprofit insurer said that its value-based program for primary-care physicians cut hospital readmissions 16 percent last year, which potentially saved $224 million. Further, it reported, an increased focus on prevention, including screenings and vaccinations, helped saved an estimated $38 million in avoidable emergency room visits.
This seems to be a trend. For instance, UnitedHealthcare expanded its bundled-payment program in May after it netted $18 million in savings from a total of 115 employers in the program since 2016.
To read Highmark’s press release, please hit this link.
To read FierceHealthcare’s report, please hit this link.