Joseph Rugg's Health Law Blog

AETNA Press Release regarding New Commwerical ACO Venture:

Aurora Health Care has joined with Aetna (NYSE: AET) to bring employers a new type of commercial health plan designed to improve employees’ health care experience and health outcomes, while controlling costs. The Aurora Accountable Care Network offers businesses a high-quality, affordable alternative in a time of rising health care spending.

“Aetna views accountable care organizations as a model for making health care work better for everyone.”

The Aurora Accountable Care Network offers a price guarantee to employers built upon a health care model that improves quality, outcomes and the patient experience. This type of price guarantee is possibly the first of its kind among accountable care models. Employers will see real savings in what they spend on health care as a result of improved patient outcomes and greater efficiencies. Cost savings will be specific to each employer, with the potential for an average 10 percent reduction based on the employer’s past claims expenses. The plans with Aetna will be effective beginning Jan. 1, 2013.

“This is a game changer,” said Nick Turkal, MD, Aurora Health Care’s president and CEO. “We are pleased to collaborate with Aetna to make our accountable care model available to the commercial health insurance market. As an employer, we have met national quality benchmarks among our own employees, while curbing our health care costs. Now we aim to replicate this success for others.”

Mark T. Bertolini, Aetna chairman, CEO and president, said, “We are building on our strong provider relationships to establish a nationwide accountable network that offers better care at a lower cost for everyone. Aurora Health Care has revolutionized health care in Wisconsin. Aetna’s industry-leading care management programs and consumer tools together with Aurora’s outstanding patient care model will lead to a better overall health care experience.”

See on www.businesswire.com

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