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Highmark: Value-based program saved $260 million

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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.


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