Joint venture plans are starting to demonstrate their ability to implement clinical management and financial management reforms. A JV health plan replaces the offloading of financial risk by health plans to ill-equipped providers with an executive-level cost management committee stated jointly by the hospital and payer.
But demise of Proposition 61 in California may not be the last word on efforts to rein in drug spending.
Payers and providers can both succeed in a value-based world if they commit to a new kind of partnership.
One way to make that happen is by making automated messages from provider to patient part of chronic disease management.
An Icelandic company has figured out how to render cod fish skin into a material that can help people recover from surgical and other types of wounds.