LEAWOOD, Kan. and CLEVELAND, Oct. 13, 2020 /PRNewswire/ -- ValueHealth, LLC, a nationally recognized digital health company empowering consumerism and payment reform, and University Hospitals Health System (UH) based in Cleveland, one of the nation's leading health systems, today announced a joint venture that will create a high-value network of state-of-the art ambulatory surgical centers.
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The network will expand UH's geographic footprint in Northern Ohio for surgical care, focusing initially on orthopedic surgery and targeting hip and knee replacement. These facilities will be multi-specialty and may include clinical services such as otolaryngology, pain management, urology, general surgery, and cardiac care. Additionally, the new entity formed by the joint venture will explore opportunities to leverage existing UH facilities to accelerate speed to market in creating the centers, which will augment UH's continuity of care in communities that currently have limited surgical services.
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The partnership taps into ValueHealth's expertise and reputation for developing demand matching surgical networks including its nationally recognized brand for hyper-specialty joint and spine surgery centers, Muve Health. Complementing its operational expertise, ValueHealth has developed a digital surgical technology platform that helps manage risk-sharing and bundled payment programs. With surgical spend a top cost driver for many payors and self-funded employers, these hyper-specialty centers of excellence can enhance the quality of care provided while reducing costs associated with the traditional fee-for-service model.
"We are pleased to join with UH in expanding value-based care options for the Northeast Ohio community," said John Palumbo, Executive Chairman of ValueHealth. "UH is well known for providing the highest quality, advanced care while continuously innovating care models for the benefit of patients and payors. Joining UH's unequaled standards with more than two decades of ValueHealth's pioneering spirit in the ambulatory care space will significantly move the needle in UH's value-based care transformation journey."
With this partnership, UH joins more than 30 health systems currently integrated into ValueHealth's payor-led, tech-enabled, data-driven digital surgical network. ValueHealth's proprietary technology includes patient management, payor bundles, and warranty contracts, as well as its nationally recognized Ambulatory Centers of Excellence (ACE)™ program. ACE certification designates ambulatory surgical centers that not only exceed national accrediting standards, but meet ValueHealth's stricter clinical, quality, and financial measures.