CHICAGO LOUISVILLE, Ky.–(BUSINESS WIRE)–
Valence Health, a leading provider of clinical integration, population health and value-based care solutions, announced today that it has entered into a collaboration agreement with Humana Inc. (HUM) to help provider organizations transition into Medicare Advantage (MA) value-based arrangements.
The agreement between Valence Health and Humana supports providers with a robust set of population health capabilities and tools enabling the shift from fee-for-service to value-based care. Valence Health, which has established familiarity with Humana’s operational and clinical requirements, will work with their provider organization clients to deliver end-to-end services, software and analytics which advance their clients performance in a value-based arrangement with Humana.
The collaboration between Valence Health and Humana is aimed at leveraging the combined population health management and value based reimbursement expertise of both organizations as well as their long standing commitment to support providers as they transition into value-based agreements.
“We are excited to collaborate with Humana to help providers efficiently enter into value-based care contracts by providing the expertise, technology and operational infrastructure many providers need to be successful,” said Todd Stockard, President of Valence Health.
“The agreement between Humana and Valence Health leverages the unique capabilities and depth of experience of each organization in a set of offerings that enables providers to be successful in a value based agreement with the health plan,” said Renee Buckingham, Enterprise Vice President, Provider Development Center of Excellence at Humana. “Providers who are interested in advancing through our Accountable Care Continuum and becoming accountable for both the clinical and financial risk of the population they manage now have the benefits of the experience the collaboration brings.”
Currently, Valence Health provides technology, analytics, medical management and third-party administrator (TPA) services to provider-centric organizations with more than 1.5 million fully at risk or insured lives in the commercial, Medicare and Medicaid space. Humana is the second largest Medicare Advantage provider, with more than 2.9 million members.
Humana has a 26-year accountable care relationship history with more than 1.2 million MA members that are cared for by 38,000 primary care physicians, in more than 900 Accountable Care relationships across 43 states and Puerto Rico.
About Valence Health
Valence Health is a leading provider of value-based care solutions, helping hospitals, health systems and physicians better manage their patient populations and accept financial responsibility for the quality of the care they provide. From clinical integration to risk-based contracting to accountable care organizations (ACOs) to administering provider-sponsored health plans, Valence Health has been helping providers since 1996. Headquartered in Chicago, Valence Health serves more than 39,000 physicians and 130 hospitals, helping them manage the health of more than 19.5 million patients nationwide. Follow Valence Health on LinkedIn and Twitter.
Humana Inc., headquartered in Louisville, Ky., is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. The company’s strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases
- Replays of most recent earnings release conference calls
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
- Corporate Governance information
- Health Care Industry
- Medicare Advantage