business
Aetna, Carilion Clinic announce plans to establish ACO
NEWS IN BRIEF — Posted March 21, 2011
Hartford, Conn.-based Aetna will launch an accountable care organization in partnership with Carilion Clinic, a chain of eight hospitals and dozens of primary care and specialty clinics in Virginia.
Carilion, which employs more than 600 physicians, is based in Roanoke, Va., and serves about 1 million people in western Virginia.
The two organizations plan to introduce co-branded health plans for businesses and individuals and develop new payment arrangements for physicians that reward quality care and share savings achieved with efficient care, according to a March 10 news release.
The announcement said the clinic will continue to accept other health insurance plans.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2011/03/21/bibf0321.htm.
