UnitedHealthcare and Quest Diagnostics agreed to a value-based care arrangement, saying they have created a “long-term strategic partnership” designed to reduce costs and provide better care. In addition, Quest will be a national in-network lab provider for all UnitedHealthcare plan participants beginning January 1, 2019.
UnitedHealthcare and Quest Diagnostics have agreed to a value-based care arrangement, saying they have created a “long-term strategic partnership” designed to reduce costs and provide better care. In addition, Quest will be a national in-network lab provider for all UnitedHealthcare plan participants beginning January 1, 2019.
In a joint press release, the 2 organizations said they will “focus on ways to create more personalized care recommendations and a simpler consumer experience for the more than 48 million people enrolled in UnitedHealthcare plans.”
The companies said they will work together on value-based programs, aligning incentives in a way similar way as accountable care arrangements between UnitedHealthcare and more than 1100 hospitals and 110,000 physicians.
The agreement includes data sharing with physicians “to improve patient care,” Quest executives said on a call with investors Thursday night after the announcement. The companies said data sharing will help better anticipate what patients need in terms of care, as well as reduce gaps.
Working with UnitedHealthcare’s OptumRx unit, the companies will use blockchain technology to reduce administrative costs, they said.
“Lab data is quickly becoming the personalized roadmap that identifies the path to the next best action for individual patients,” Dan Schumacher, UnitedHealthcare’s president and chief operating officer, said in a statement. “With the addition of Quest to our network we will now be able to work together on an even broader scale, and we appreciate that Quest has helped develop a value-based approach to lab services that will focus on improving patient outcomes, better coordinating care with physicians, and meaningfully reducing costs.”
Quest said it will reinvest $75 million of the money it received from President Donald Trump’s tax reform into upgrading patient service centers and enhancing digital offerings.
HOPE-CAT Can Identify Maternal Cardiovascular Risk 2 Months Earlier Than Doctors, Study Says
April 25th 2024In a retrospective study, the machine learning tool was able to screen for potential risks of cardiovascular disease nearly 60 days before the patient's medical record showed any signs of a related condition or before they were officially diagnosed or treated for it.
Read More
Examining Low-Value Cancer Care Trends Amidst the COVID-19 Pandemic
April 25th 2024On this episode of Managed Care Cast, we're talking with the authors of a study published in the April 2024 issue of The American Journal of Managed Care® about their findings on the rates of low-value cancer care services throughout the COVID-19 pandemic.
Listen
Empowering Community Health Through Wellness and Faith
April 23rd 2024To help celebrate and recognize National Minority Health Month, we are bringing you a special month-long podcast series with our Strategic Alliance Partner, UPMC Health Plan. In the third episode, Camille Clarke-Smith, EdD, MS, CHES, CPT, discusses approaching community health holistically through spiritual and community engagement.
Listen
Data Back Neoadjuvant Combo vs Chemo Alone for Early-Stage NSCLC
April 24th 2024For patients with early-stage non–small cell lung cancer (NSCLC), combining neoadjuvant immune checkpoint inhibitors and platinum-based chemotherapy improves 2-year outcomes over chemotherapy alone, suggest findings of an extensive literature review and meta-analysis.
Read More