|CareMore, Emory Will Collaborate to Bring Value Care Model to Seniors|
CERRITOS, Calif.--(BUSINESS WIRE)--CareMore Health System, a wholly owned subsidiary of WellPoint Inc., is pleased to announce that it has reached an agreement with Atlanta-based Emory Healthcare to explore a collaboration that will further enhance capabilities of the Emory Healthcare Network. Specifically, the collaboration expands Emory Healthcare Network’s ability to move into Medicare and manage both value-based reimbursement models and risk-based payment arrangements. Through the collaboration, CareMore’s nationally recognized clinical care model will be implemented to help reduce health care costs and improve health outcomes for Emory Healthcare Network patients, beginning with the Medicare Advantage (MA) or senior population.
Under the agreement, the Emory Healthcare Network, comprised of 1,800 physicians, six hospitals and 200 care locations, will continue to provide health care services to patients of many different Medicare Advantage plans, with the addition of CareMore-like comprehensive care centers, providing CareMore’s hallmark care coordination.
“We are very excited to work with Emory to remodel health care services to best meet the needs of patients and the demands of emerging payment models,” said Leeba Lessin, CareMore’s chief executive officer. “The Emory/CareMore affiliation is filled with opportunity as we are both organizations that know and have proven that health care quality increases lead to health care cost decreases.”
“We have been impressed with CareMore’s success in improving the health of senior members through their highly coordinated care model that leverages technology, early intervention and a personal touch,” says Richard Gitomer, M.D., president and chief quality officer of the Emory Healthcare Network. “CareMore has demonstrated the ability to replicate its results in different regions throughout the country. With our CareMore collaboration, we are eager to deliver those benefits to our patients, as well.”
CareMore currently serves nearly 70,000 seniors in California, Arizona and Nevada, often with chronic health conditions, such as congestive heart failure, diabetes, hypertension and kidney disease.
In the past, CareMore has grown by building health plans from the ground up, according to Richard Zoretic, president of WellPoint’s Government Business Division. “This new approach, of collaborating with outstanding providers like Emory, is particularly exciting because it augments CareMore’s existing growth strategy, allowing for more widespread deployment of the model,” he said.
“Emory benefits from being the first provider organization in the region to partner with CareMore, making it more attractive to patients,” says John Fox, president and CEO of Emory Healthcare. “Seniors with the Medicare Advantage plan will experience more interactive care and a more tailored treatment plan to reduce the possibilities of them having a major event, such as a visit to the emergency room or an invasive surgery. It’s a win-win collaboration for all because we will help in improving the quality of life for our patients, while lowering health care costs.”
Implementation of the new care model is expected to kick off in early 2015, pending negotiation of definite agreements between CareMore and Emory Healthcare, with no disruption to EHN patients’ existing physician relationships.
CareMore Health System, a wholly owned subsidiary of WellPoint, is the direct parent company of multiple health plans that operate under three federally approved Medicare Advantage contracts (“CareMore Health Plan subsidiaries”). The CareMore Health Plan subsidiaries serve a total of more than 70,000 Medicare members throughout Southern California, Northern California, Las Vegas, Phoenix and Tucson, Arizona. CareMore specializes in health care programs supporting Medicare beneficiaries from the healthy aging to the chronically ill and/or frail.
About Emory Healthcare
Emory Healthcare, with more than 16,000 employees, is the largest and most comprehensive health system in Georgia. In fiscal year 2013, Emory Healthcare had $2.6 billion in annual net revenue and provided $80.3 million in charity care. It has 1,830 licensed patient beds. In 2013, University HealthSystem Consortium (UHC), a national organization comprised of most of the nation’s leading academic medical centers focusing on excellence in quality and safety, ranked Emory University Hospital (combined with Emory University Orthopaedics & Spine Hospital) 2nd and Emory University Hospital Midtown 3 rd in the UHC Quality Leadership Awards. This is the second year in a row that UHC has had two hospitals from one health care system (Emory) rank in the national top 10. Emory Healthcare is also the only health system in Georgia with two Magnet-designated hospitals. Emory Healthcare’s core purpose: "To serve humanity by improving health through integration of education, discovery and health care." For more information, visit http://www.emoryhealthcare.org.
About Emory Healthcare Network
Established in 2011, the Emory Healthcare Network is a clinically integrated network through which we provide access to coordinated patient- and family-centered care. With six hospitals, 200 provider locations and 1,800 physicians in more than 70 specialties, including 237 primary care physicians, the Emory Healthcare Network is the largest clinically integrated network in the state of Georgia.
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our views about future events, which could, in turn, impact our financial performance. When used in this release, the words "may," "will," "should," "anticipate," "estimate," "expect," "plan," "believe," "feel," "predict," "project," "potential," "intend" and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Forward-looking statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These factors include, but are not limited to, the ability of the parties to the agreements to reach mutually satisfactory terms for and execute all necessary definitive agreements, and our ability to deliver the services and perform our other obligations under the agreements in a satisfactory manner. You are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. You are also urged to carefully review and consider the various disclosures made by us, which attempt to advise interested parties of the factors that affect our business, including "Risk Factors" set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and our other reports filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. Except to the extent otherwise required by federal securities laws, we do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events."Contacts