Using Clinically Integrated Networks to Develop Competency in Risk Based Contracts
Using Clinically Integrated Networks to Develop Competency in Risk Based Contracts
TJ Redington is speaking on using Clinically Integrated Networks to develop competency in risk based contracts at the HFMA Annual Conference
Session Speaker: TJ Redington MD, MBA, FACP
- Learn how to set up and operationalize a Clinically Integrated Network to manage the cost of your Health Plan.
- Learn how to measure success.
- Learn how the hospital system benefits beyond the money saved.
Hospital Systems and the clinicians they employ are understandably leery of risk based contracts. Most systems and the providers they employ have little or no experience in risk based environments. TJ Redington has an extensive background in using Clinically Integrated Networks to develop competency in risk based contracts.
A Clinically Integrated Network (CIN) is a separate legal organization that can serve as a learning environment that pays off rapidly for clinicians and hospital systems entering into risk based arrangements. Specifically, a CIN can be started by their hospital system to focus on their employees and dependents, identify the expensive and soon-to-be expensive lives, case manage the cost drivers, save millions annually, and reward the participating providers. CIN’s give the hospital system a legal safe haven to pay the providers some of the savings that have been realized.
The Christ Hospital Health Network in Cincinnati started a CIN in 2013. It is one of the most successful efforts at controlling costs in the US. We are about a 550-bed hospital with approximately 5000 employees and 12000 covered lives. We have conservatively saved more than 50 million dollars in health care spending for our sponsoring system and have distributed shared savings to our providers every year of our ten-year operation.
In this session, we will show you how to do this. Most hospital systems have the IT and case management infrastructure in place. We will discuss provider engagement and show how the organization can save millions of dollars, lower employee turnover, and have new confidence about entering into risk based contracts.
About the HFMA Annual Leadership Conference
A quantum leap in technological advancement is upon us. Join HFMA in Las Vegas, June 24–27, 2024, to explore limitless possibilities for the future of healthcare finance with the theme, A New Frontier in Health.
The Healthcare Financial Management Association (HFMA) helps its members—both individuals and organizations—achieve optimal performance by providing the practical tools and solutions, education, industry analyses, and strategic guidance needed to address the many challenges that exist within the US healthcare system.
This four-day conference provides 70+ educational sessions, 20 CPE credits, engaging networking experiences and career-enhancing professional development. We look forward to connecting with you in Las Vegas.