St. Elizabeth Healthcare and TriHealth are announcing a joint venture aimed at lowering costs, improving the patient experience and the patient's health. In a release the two groups announced they would establish Healthcare Solutions Network. The collaboration is not a merger, but it will bring together the physicians and hospitals of the two groups.
Priorities in the first year include:
- Managed care products: Introducing a new Medicare Advantage product to the market for this exclusive network. Providing a narrow network for health plans, which will offer a cost-efficient, high-quality alternative to broad network Preferred Provider Organization health insurance products.
- Integrated network: Creating a single network to enable employed physicians, independent physicians and hospitals to align to improve quality and outcomes under a common infrastructure.
- Population health management: Developing a program to help manage the health of large patient groups through a single clinical network that offers additional value for patients.
- Clinical services: Coordinating select services to facilitate adoption of best practices, improve quality access at patient and population levels and provide more efficient use of healthcare resources.
St. Elizabeth and TriHealth have previously collaborated on insurance plans and access to specialist physician services.
Company officials say they want to make some things happen immediately with many changes coming in the next year.