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Population Health Services Organization strives to enhance access to equitable healthcare, elevate quality, reduce costs, and benefit millions of patients.
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Half of CommonSpirit's value-based providers are external, paving the way for PHSO's network expansion.
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PHSO leverages CommonSpirit's value-based healthcare expertise, including successful risk-bearing organizations and ten accountable care organizations covering over 2.6 million lives.
CommonSpirit Health has unveiled a nationwide value-based services platform named Population Health Services Organization (PHSO). This initiative primarily aims to enhance access to equitable healthcare, elevate care quality and outcomes, and reduce the overall cost of healthcare delivery.
PHSO will deliver various services, including advanced population health analytics, network administration, care coordination, data management and analytics, technological infrastructure support, reporting, and additional support to empower healthcare providers and provider networks to excel in value-based care.
Wright Lassiter III, CEO of CommonSpirit Health, stated,
The PHSO is a natural extension of our mission and longstanding commitment to providing high-quality, equitable care and addressing social determinants of health.
[Source – Business Wire]
He added that by harnessing CommonSpirit's national scale and expertise in value-based care, the company's goal is to elevate the standard of healthcare in the United States and assist providers in succeeding in value-based care within diverse community-based health system environments.
CommonSpirit Health extends its services to urban and rural communities across 24 states, establishing itself as one of the United States' most prominent providers of Medicare and Medicaid services. Consequently, its PHSO will cater to an even more diverse payer portfolio.
Thomas McGinn, MD, MPH, Executive Vice President, Physician Enterprise at CommonSpirit Health, highlighted the organization's unique advantage in serving diverse communities encompassing Medicaid, Medicare, and commercial insurance, making their data more representative of the American population compared to models primarily focused on commercial insurance.
He added that CommonSpirit's presence in 24 states provides them with the data, tools, and access to a broad patient demographic, allowing them to tackle crucial national health challenges that require their size, scale, and expertise. For example, they can utilize data insights to understand testing, referral, and treatment patterns, enabling interventions that reduce viral infections like Hepatitis C, disproportionately affecting vulnerable populations.
Value-based care emphasizes the quality of healthcare over its quantity, promoting comprehensive and coordinated care to enhance health outcomes, quality, and equity. This model relies on contractual incentives for providers to achieve superior results, improve quality, enhance patient experiences, and curb healthcare expenses. Notably, the demand for such agreements is rising, exemplified by the company's goal to transition most Medicaid and all Medicare beneficiaries into value-based care relationships by 2030.