Blue Cross & Blue Shield of Rhode Island (BCBSRI) and University Medicine (UM) today announced that they have entered into an innovative, three-year shared-savings agreement to further improve healthcare quality and patient safety, while slowing increases in healthcare costs. The state’s largest multi-specialty group, UM’s 200 physicians provide a range of specialty services and primary care, including 6 practices with a patient-centered medical home model.
The contract focuses on improving the patient experience, prevention/wellness, limiting unnecessary hospitalizations, and reinforces the role of the primary care physicians through components including:
“As the state’s largest multi-specialty group, University Medicine has a unique opportunity to make a significant impact for their patients and our members, and we are truly excited about the work we are doing with them,” said Peter Andruszkiewicz, president and CEO for BCBSRI. “BCBSRI is committed to aligning incentives that place the patient’s needs at the center, provide the highest quality care, and improve the overall financial health of the system. By partnering with organizations like University Medicine, real change is possible.”
University Medicine’s President, Dr Lou Rice, noted “University Medicine is taking its commitment to primary care and bringing our specialists into the patient centered medical home. Our 15 year dedication to improving care for Rhode Islanders will be enhanced and advanced by this new relationship with Blue Cross & Blue Shield of Rhode Island.”
About Blue Cross & Blue Shield of Rhode Island
Blue Cross Blue Shield of Rhode Island is the state’s leading health insurer and covers more than 600,000 members. The company is an independent licensee of the Blue Cross Blue Shield Association. For more information, visit BCBSRI.com and follow us on Twitter @BCBSRI.
About University Medicine
University Medicine is a 200 physician organization covering the divisions of Primary Care, General Internal Medicine, Geriatrics, Hospital Medicine, Rheumatology, Gastroenterology, Nephrology, Pulmonary, Infectious Disease, Endocrinology and Hematology Oncology. Dr Rice serves the Physician in Chief for the Department of Medicine at Rhode Island Hospital, Miriam Hospital. He is also the Chairman of Medicine for the Warren Alpert Brown Medical School. The physicians of University Medicine serve as teachers for medical school students and medical residents in training. For more information, go to umfmed.org.