Aetna and Mount Sinai Health Partners Create Accountable Care Organization Alliance
Aetna and Mount Sinai Health Partners – the clinically integrated network that includes the Mount Sinai Health System and a group of voluntary providers – today announced the formation of an accountable care collaboration designed to enhance coordinated patient care and lower health care costs.
Under the three-year contract, members of Aetna commercial plans who receive care from Mount Sinai physicians will benefit from quality and cost efficiency improvements provided by the program.
The agreement is part of Aetna’s strategy to transition from fee-for-service reimbursement to value-based payment. It also is part of Mount Sinai’s overarching strategy to transform health care delivery from a traditional fee-for-service system to one geared towards population health management.
To achieve that, Mount Sinai is working with health plans – including Aetna – to align payment models with goals for improving value for patients and purchasers. Value-based arrangements are emerging as a solution to address rising health care costs, reduce duplication of services, improve health outcomes, and make it easier for people to get the care they need. In value-based models, doctors and hospitals are paid for helping keep people healthy and for improving the health of those who have chronic conditions, in an evidence-based, cost-effective way.
“As we’ve said before, our focus remains on keeping New Yorkers out of the hospital by doing everything possible to ensure access to high-quality, cost-effective health care services, and we are proud to work with Aetna on these efforts,” said Niyum Gandhi, chief population health officer for the Mount Sinai Health System.
“Aetna is committed to transforming the health care system, putting consumer needs first. Our new agreement with Mount Sinai puts consumers at the center of a health care system that promotes wellness, provides better care for chronic conditions and uses economic incentives to reward positive health outcomes,” said David Kobus, Aetna senior vice president, New York market.
The agreement features a new payment model that rewards physicians for meeting certain measures designed to improve quality, lower costs and improve patient satisfaction. Examples include reducing potentially avoidable hospital admissions and emergency-room visits, and encouraging appropriate antibiotic usage. More than 3,100 employed and affiliated Mount Sinai physicians will be part of this new model. Aetna provides health benefits to more than 1.1 million members in New York.
Aetna is working with health care organizations across the country to develop products and services that support value-driven, patient-centered care for all health care consumers. Presently in New York, Aetna has more than 200,000 members served through value-based collaborative arrangements. Nationally, more than 5.8 million members receive care from doctors committed to the value-based approach.
About the Mount Sinai Health System
The Mount Sinai Health System is New York City's largest integrated delivery system encompassing seven hospital campuses, a leading medical school, and a vast network of ambulatory practices throughout the greater New York region. Mount Sinai's vision is to produce the safest care, the highest quality, the highest satisfaction, the best access and the best value of any health system in the nation. The System includes approximately 6,600 primary and specialty care physicians; 10 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. The Icahn School of Medicine is one of three medical schools that have earned distinction by multiple indicators: ranked in the top 20 by U.S. News & World Report's "Best Medical Schools", aligned with a U.S. News & World Report's "Honor Roll" Hospital, No. 13 in the nation for National Institutes of Health funding, and among the top 10 most innovative research institutions as ranked by the journal Nature in its Nature Innovation Index. This reflects a special level of excellence in education, clinical practice, and research. The Mount Sinai Hospital is ranked No. 18 on U.S. News & World Report's "Honor Roll" of top U.S. hospitals; it is one of the nation's top 20 hospitals in Cardiology/Heart Surgery, Gastroenterology/GI Surgery, Geriatrics, Nephrology, and Neurology/Neurosurgery, and in the top 50 in six other specialties in the 2018-2019 "Best Hospitals" issue. Mount Sinai's Kravis Children's Hospital also is ranked nationally in five out of ten pediatric specialties by U.S. News & World Report. The New York Eye and Ear Infirmary of Mount Sinai is ranked 11th nationally for Ophthalmology and 44th for Ear, Nose, and Throat, while Mount Sinai Beth Israel, Mount Sinai St. Luke's and Mount Sinai West are ranked regionally.