Cigna-HealthSpring Health Programs Work with City of Philadelphia to Generate Additional Revenue for Philadelphia HealthCare Centers
10 October 2013
Earnings are the Result of Health Care Cost Savings and Improved Patient Outcomes, Medical Cost Trend has Averaged Five to Seven Percent Better than Market
PHILADELPHIA - Oct. 10, 2013 - Cigna-HealthSpring, a Cigna company (NYSE:CI) and leading health service company serving Medicare and Medicaid customers, today announced that it has helped the City of Philadelphia earn additional revenue for the City's HealthCare Centers. The additional funds are the result of quality and cost efficiency achievements by health center physicians participating in Cigna-HealthSpring's physician engagement program. Over the past two years, the HealthCare Centers have averaged five to seven percent lower overall medical costs compared to the local market.
"Our care model philosophy centers on deep physician engagement and collaboration by creating incentives that reward quality care. We also provide, at no cost to the patient or provider, extra resources like data and technology. We believe, and our results have proven, that by focusing on quality and aligning incentives in this way we achieve not only better outcomes for our customers but also cost savings," said Patrick Foley, president of Cigna-HealthSpring for the Mid-Atlantic and Pennsylvania market. "The results we've achieved with the City of Philadelphia physicians are a powerful demonstration of the effectiveness of our collaboration with health care professionals to achieve the triple aim of improved quality, affordability and patient satisfaction."
The Philadelphia Department of Public Health operates eight City health centers that provide high quality medical care to Philadelphia residents. These centers serve nearly 3,000 Cigna-HealthSpring Medicare Advantage customers, some of whom are dually eligible for Medicare and Medicaid. This population is historically underserved at a time when they most need quality, coordinated care to better manage chronic disease and other challenges that naturally come with age.
"Our health centers are located in neighborhoods all across Philadelphia, and our doctors, nurses and other health care professionals work hard to keep community members healthy. Our health centers often treat Philadelphians most in need of quality health care and these funds will help us continue providing ongoing care and services," said Dr. Thomas Storey, Director of Ambulatory Health Services . "The results we are highlighting today are directly related to the health care team's collaboration with Cigna-HealthSpring and its dedication to making a tangible difference in the lives of their patients.
Cigna-HealthSpring engages physicians and health care professionals based on aligned incentives, actionable information sharing including health data and performance reports, and clinical resources to support care coordination and innovative health and wellness solutions. Additionally, Cigna-HealthSpring offers physician groups management support to help their practices operate more efficiently and effectively. Across Philadelphia, Cigna-HealthSpring is working with thousands of doctors through physician engagement programs to achieve results for better health outcomes.
"Cigna-HealthSpring is dedicated to improving patient outcomes and our physician engagement strategy offers innovative solutions to health care challenges like fragmented care and rising cost pressures," said Patrick Foley, president of Cigna-HealthSpring for the Mid-Atlantic and Pennsylvania market. "Our care model is truly transforming the health care experience for our customers."
Cigna-HealthSpring, a Cigna company (NYSE:CI), is one of the country's leading health plans focused on delivering care to the senior population, predominately through Medicare Advantage and other Medicare and Medicaid products. Cigna-HealthSpring serves over one million customers in locations across the country. Based in Nashville, Tennessee, Cigna-HealthSpring operates health plans in Alabama, Arizona, Arkansas, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Mississippi, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Washington, D.C. Cigna-HealthSpring also offers a national stand-alone prescription drug plan. For more information, visit www.cignahealthspring.com.
About City of Philadelphia Health Care Centers
The Philadelphia Department of Public Health operates eight City health centers that provide high-quality medical care to Philadelphia residents. Located in neighborhoods all across Philadelphia, the City's health centers accept Medicare, Medicaid (Medical Assistance) and most insurance and HMO plans. Patients without insurance are charge a small monthly fee based on family size and income.
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