ChristianaCare and ValueHealth LLC, a nationally recognized tech-enabled surgical platform company, have entered into a joint venture partnership that will advance value-based care in Delaware and the surrounding region. The partnership will create a much-needed, value-based ambulatory and hyperspecialty surgical strategy to lower costs and deliver high-quality care for the communities ChristianaCare serves.
The joint venture will develop future sites in the region encompassing Delaware, Eastern Maryland, Southeast Pennsylvania and Southern New Jersey, with an initial focus on hip- and knee-replacement surgery.
“This partnership brings together two organizations that are transforming health care through leadership in value-based care,” said Doug Azar, ChristianaCare Senior Vice President, Strategic Clinical Integration. “Many companies build ambulatory surgery centers, but ValueHealth is transforming care with its payor-led, tech-enabled, data-driven digital surgical platform. At ChristianaCare, we have been pioneers in implementing population health and risk-based models of care in the communities we serve, making a positive impact on health while reducing the overall cost of care. We’re excited to join together to meet the surgical needs of our community.”
The joint venture was developed to address the needs of the community and commercial payors for value-based healthcare delivery. In 2019, the Delaware legislature created the state’s first Office of Value-Based Health Care Delivery in the Department of Insurance to reduce health care costs by increasing the availability of high quality, cost-efficient health insurance products that have stable, predictable, and affordable rates. Today, as health systems begin to emerge from the peak of the COVID-19 pandemic and seek opportunities to innovate and come back better than before, the need to design new models built on value-based care is more compelling than ever.
“Surgery will never be the same as it was pre-COVID,” said ValueHealth Executive Chairman John R. Palumbo. “This type of joint venture creates the path forward to better outcomes: financial, clinical and experience. Outmigration of high-cost cases is one of the most strategic challenges health systems face. Combining ChristianaCare’s statewide capabilities with ValueHealth’s proven successes in the hyperspecialty surgical space and partnering with world-class surgeons helps us to achieve the highest level of quality care and patient experience while lowering costs.”
ValueHealth’s payor-led, tech-enabled, data-driven digital surgical platform, currently integrated into more than 30 health systems, includes patient steerage, payor bundles, and warranty contracts, as well as its nationally recognized Ambulatory Centers of Excellence (ACE)™ program, which designates ambulatory surgical centers that not only exceed national accrediting standards, but also meet ValueHealth’s stricter clinical, quality, and financial measures. Don Bisbee, President of ValueHealth said, “The joint venture will allow us to continue to build a high value network for the employers in this market to which they can navigate their employees. This will equally benefit the payers as well as the healthcare consumer / patient.”
ChristianaCare is nationally recognized for its surgical quality and safety. ChristianaCare has been honored for eight consecutive years by the American College of Surgeons (ACS) Clinical Congress National Surgical Quality Improvement Program for achieving “meritorious” outcomes in surgical patient care. ChristianaCare also has been recognized with Healthgrades’ America’s 100 Best Hospitals Award for four years in a row and is ranked by Newsweek among the World’s Best Hospitals.