Humana and Oak Street Health Expand Access and Improve Seniors’ Overall Wellness Through Accountable Care
July 22 2015 - 10:00AM
Business Wire
Tying integration to value-based delivery, this
new agreement sets the stage to improve quality of care for
Medicare Advantage members throughout the greater Chicago area
Oak Street Health, a Chicago-based health provider, and Humana
Inc. (NYSE: HUM), a leading health and well-being company, have
recently forged a new value-based agreement, effective June 1,
2015. The agreement aims to bring higher quality and more
coordinated care to Medicare Advantage members in the greater
Chicago area.
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Through this new agreement, Humana and Oak Street Health will
work hand-in-hand to enhance the organization’s value-based
delivery system, drive integrated care, lower costs and continue to
ensure a world-class patient experience.
Established in 2013, Oak Street Health entered the Illinois
market with primary care centers in the Edgewater and Portage Park
neighborhoods in Chicago with a focus on providing care for
Medicare Advantage patients. Today, the health system has expanded
to include nine centers in Illinois and by the end of 2015, it will
open six more centers throughout the Midwest.
“Oak Street Health is thrilled to partner with Humana to provide
improved care, benefits, and well-being to adults on Medicare in
Illinois,” said Mike Pykosz, CEO and Co-Founder of Oak Street
Health. “We are committed to excellent care for seniors, that match
their specific needs and our partnership with Humana enables us to
achieve this goal.”
Oak Street Health’s innovative health care delivery model is
centered around keeping patients healthy by delivering excellent
primary care, supported by robust population health and holistic
services. Oak Street Health centers offer members access to
educational sessions, activities and events designed to promote
overall wellness. The company has received a 90 percent patient
approval rating.
Humana’s pay-for-value programs promote evidence-based,
high-quality care with a focus on physician support for successful
population health management. Humana’s newest accountable care
relationship is designed to serve the needs of Humana Medicare
Advantage members based in the greater Chicago area. The
arrangement offers more personalized care and a broad range of
population health tools like our predictive analytics, chronic
care, disease management and wellness programs.
“Having only been open for a couple years, Oak Street Health is
already a leading provider in the Illinois market,” said Charles
Dow, President of Senior Products for Humana in the Great Lakes
region. “Oak Street Health combines a progressive approach with a
proven value-based delivery model. It’s no surprise this
organization continues to expand and we’re proud to partner with
them to keep people healthy for a lifetime.”
Under the new agreement, Humana and Oak Street Health will
provide actionable patient data, providing physicians with a total
patient population health picture. The value-based incentive
arrangement emphasizes quality outcomes and leverages standard
measures defined by the National Committee for Quality Assurance
(NCQA) Healthcare Effectiveness Data and Information Set (HEDIS),
including breast cancer screening, colorectal screening,
comprehensive diabetes care, and high-risk medications.
Humana has nearly 30 years of accountable care experience,
reflected in results from approximately one million Medicare
Advantage members that showed significant improvements in quality,
outcomes and costs in 2013.
Today, Humana has approximately 1.5 million individual Medicare
Advantage and 230,000 commercial members, cared for by
approximately 45,500 primary care physicians in more than 900
accountable care relationships across 43 states and Puerto Rico.
For more information, visit humana.com/accountable-care.
About Oak Street Health
Oak Street Health is a network of primary-care centers for
people on Medicare with an innovative model of care focused on
keeping our patients healthy and out of the hospital. We build
relationships between our patients and their doctors and care
teams, and we invest in giving our patients better access to care.
Our patients enjoy the benefits of personal managed care,
transportation, and daily programming in our community rooms. Oak
Street Health has nine locations in Illinois, expanding to fifteen
in Illinois and Indiana by end of Summer 2015.
About Humana
Humana Inc., headquartered in Louisville, Kentucky, 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; and
- Corporate Governance information.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150722005868/en/
Humana Corporate CommunicationsCathryn Donaldson,
312-441-5346cdonaldson@humana.comorOak Street HealthVanessa Hall,
773-391-1295Director of
Communicationsvanessa.hall@oakstreethealth.com
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