Blue Cross and Blue Shield of Minnesota announced its "Future of Health Care" Initiative aimed at addressing cost challenges in Minnesota and beyond.
The payer is taking a three pillar approach to insurance: clinical innovation, care management and network and payment.
Here's what you should know:
1. Clinical innovation is going to help members address their specific health needs through collaborative partnerships. BCBS partnered with Rochester, Minn.-based Mayo Clinic's Living Donor Kidney Program to leverage their resources to help improve kidney donation rates. The program is basically a kidney database, that pairs potential matches with potential donors.
2. Care management is centering care around coordination and evidence-based practices.
3. The network and payment pillar focuses on utilizing value-based care and similar efficiency-facing programs to drive down cost of care, while also creating more precise predictability models.
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