SSM Health Joins Group to Accelerate Transformation of U.S. Health Care System
New Health Care Transformation Task Force Commits to Putting 75 Percent of Business Under Value-based Payment Arrangements by January 2020
ST. LOUIS, MO (January 28, 2015) – SSM Health announced today that it is joining forces with other leading health care systems and payors across the country to launch a powerful new private-sector alliance dedicated to accelerating the transformation of the U.S. health care system from volume to value. SSM Health is the parent company of St. Mary’s Hospital – Madison, St. Mary’s Janesville Hospital, St. Clare Hospital in Baraboo, Dean Clinic and Dean Health Plan.
As part of the Health Care Transformation Task Force, SSM Health has committed to put 75 percent of its business into value-based arrangements that focus on providing higher quality care at lower costs by 2020.
“Health care costs are growing at an unsustainable rate,” said Dr. Gaurov Dayal, President – Health Care Delivery, Finance and Integration with SSM Health. “SSM Health began working on transforming itself about five years ago when our hospitals and 1,300 employed physicians and providers began partnering with patients, payors and employers to together assume risk and responsibility for improving the quality of care while lowering costs. The Task Force’s deep expertise and leadership brings the necessary stakeholders together to solidify this transformation and we join them in this effort.”
Dr. Dayal praised the group’s commitment to aligning the public and private payor systems, adding that the comprehensive, collaborative approach will provide common accountability targets, metrics and incentives, and will allow for true best practice identification. Through its commitment, the Task Force also hopes to provide confidence to providers and payors that the nation will stay the course to achieve this transformation.
Participants in the Health Care Transformation Task Force provide a critical mass of business, operational and policy expertise to increase the momentum of delivery and payment system reforms. The Task Force’s diverse membership of providers, payors, purchasers and patients, as well as academic and policy leaders, uniquely positions it to offer recommendations to both policymakers and the industry that reflect consensus and can thus gain wide acceptance and use.
“SSM Health is one of our founding members and an important partner in the Task Force’s work to accelerate the transformation of the U.S. health care system to deliver improved quality and value,” said Richard J. Gilfillan, MD, CEO of Trinity Health, the Task Force’s chairman. “Together, we recognize that now is the time for rapid, measurable change, and we are committed to leading the way.”
The Task Force will develop timely and actionable policy and program design recommendations for the private sector, the Centers for Medicare & Medicaid Services (CMS), Congress and others; new delivery and payment models; and best-practice tools, benchmarks and approaches to implement them.
The Task Force defines value-based payment arrangements as those which successfully incentivize and hold providers accountable for the total cost, patient experience and quality of care for a population of patients, either across an entire population over the course of a year or during a defined episode that spans multiple sites of care.
To learn more about the Health Care Transformation Task Force, see a full list of members and stay up to date on its latest recommendations and reports, visit www.hcttf.org and follow the Task Force on Twitter at @HCTTF.