Florida Hospital, Health First to Create Health Plan
"We believe that payers have to be aligned with providers to lower that medical spend with an emphasis on health and wellness. Right now we get paid when people are sick, so there is no incentive for us to keep them out of the hospital. We believe that aligning with a payer like Health First will provide us with the opportunity to focus on health and wellness and then over the course of time we believe that will bring down the health spend that will help our governments and our employers."
FHHS operates healthcare networks in 10 Central Florida counties stretching from Tampa to Orlando to Daytona Beach, with 23 hospitals, 22 urgent care centers, more than 4,000 physicians and ancillary providers. FHHS also provides third party administrative services for employers in the region.
Health First is Central Florida's only fully integrated health system, with more than 7,500 employees and four hospitals. Health First Health Plans offers plans in Brevard and Indian River Counties. Health First Medical Group is the largest multi-specialty physician group on Florida's Space Coast.
See Also: PA Hospitals Mull Health Plan Launch
Adam Powell, a healthcare economist, says the new partnership is "yet the latest in a series of narrow network plans that have emerge in response to healthcare reform."
"These plans tend to offer people high-value care delivered from a concentrated set of providers in their area," says Powell, president of Boston-based consultants Payer+Provider.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- Centralizing the Revenue Cycle Protects the Bottom Line
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- CA Fines 8 Hospitals for Medical Errors
- A Fresh Look at End-of-Life Care
- 3 in 4 Patients Want E-mail Consultations
- Heart Attack Patient Costs Skyrocket Beyond 30 Days
- ACGME Chief Sees 'Huge' Risk of Error in Proposed Assistant Physician Licensure
- 3 Insider Tips on Cutting Costs without Strangling Growth