Global Healthcare Alliance (GHA) has signed a new 20-year agreement with CardioVascular Care Providers (CVCP), one of the nation’s first value-based care delivery organizations, extending the two companies’ longstanding partnership.
Founded in 1984 by world-renowned heart surgeon Dr. Denton A. Cooley, CVCP is a pioneer in operating one of the country’s first successful value-based care programs. CVCP operates as a financially and clinically integrated group of physicians offering cardiovascular services under prospective bundled pricing arrangements.
“CVCP sets the standard as a successful, prospective value-based care program,” said John Adams, President and Chief Executive Officer, GHA. “We’ve been fortunate to work with an organization that has sustained clinical and financial success through its prospective value-based care delivery model. We look forward to continued success and a long-term partnership as we expand the CVCP network statewide.”
Under the new agreement, GHA will continue to provide the analytics, operating structure and technologies enabling CVCP to excel in clinical excellence and provide prospective bundled payments – a critical need of commercial payers, employers, and patients today seeking more predictability and less variability in healthcare costs. A large part of CVCP’s success is attributed to GHA’s value-based claims adjudication technology, Axia™, which automates the conversion of fee-for-service claims into a single, bundled claim. Axia also facilitates payment for all providers based on defined contractual fee schedules, as well as, management of the shared financial risk under the program.
“CVCP was originally established as a value-based delivery organization more than 30 years ago because it was the right thing to do to align providers, employers, payers and patients around the financial and clinical results of our program,” said CVCP’s Chairman of the Board, Patrick J. Hogan, M.D. “Our founding principles are even more relevant today as the market embraces this shift to fee-for-value. We’re proud to have a partner in GHA, a proven leader in this space, and we look forward to continuing our work to improve patient outcomes and contain costs.”
GHA manages value-based care and reimbursement programs for multiple clinical specialties for clients nationwide. These programs prioritize quality as the measure of value in making alternative payment programs sustainable and efficient, aligning the aims of patients, employers, providers and payers.
