InnovaCare Adopting Alternative Payment Methods

Officials of InnovaCare, a leading Medicare Advantage firm that provides healthcare services in Puerto Rico, announced the company’s participation in Action Network and Health Care Payment Learning (LAN). LAN is a private-public partnership that seeks to transform the United States health care system towards payment models that base their principles on quality rather than quantity. InnovaCare being a LAN committed partner supports the mission to accelerate the transition to other payment modes on innovacarehealth.com. They have also established organizational goals in support of LAN and will be sharing the progress.

In a statement, InnovaCare said that they supported the goals of LAN which are tying 30% of U.S. health care payments to (APMs) alternative payment methods on pmcpr.org by the year 2016 and 50% by the year 2018. They also committed themselves to assist in measuring progress towards LANS goals by participating in the Nationwide LANS Data Collection via taking part in data surveys and categorized payments in agreement with APM Framework.

“This move implicates InnovaCare’s commitment to transforming the healthcare industry. These efforts also assist patients with access to health care that is cost-effective, driven by quality, coordinated, and innovative. Payment reform builds stronger patient to provider relationships within LAN’s networks.” said Rick Shinto, President& Chief Executive Officer and M.D of InnovaCare.

HHS launched LAN in March 2015; it was made to intentionally align the payment approaches across the private and public sectors of the United States health care system. The primary objective of this move is to transform the health care system towards paying hospitals based on their quality of work, rather than the number of patients served. The list of LAN’S committed partners includes almost 100 leading companies from public, non-profit and private sectors working together to change the nation’s health care system to implement quality of care rather than quantity of services.

Visit: http://innovacarehealth.com/

“LAN’s list of committed partners consists of top notch companies which have joined to find a way to build payment models work better for these firms who depend on them,” she also said “By working side by side with the other LAN Committed Partners, InnovaCare Health is positive that it will be able to achieve these important milestones and make a patent difference in the spread of alternative payment methods throughout the industry. This kind of teamwork is what the health care industry needs, and InnovaCare is proud to be a part of it.” said Penelope Kokkinides, Chief Administrative Officer of InnovaCare’s.

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