Payformance Solutions, a company of the Ann Arbor, Mich.-based Altarum Institute, and the Michigan Association of Health Plans announced a pilot program in which Michigan's MCOs can use Payformance's TrustHub software to collaborate through strategic planning and data sharing to find value-based contracting opportunities.
Here are four insights about the collaboration:
1. The program is launching in the first quarter, and allows for competing Medicaid Michigan MCOs to use TrustHub to securely share and analyze data to identify opportunities to improve care and lower costs through value-based reimbursement and alternative payment models.
2. MAHP members will use TrustHub to aggregate historical claims data to analyze and model alternative payment models based on geography, cohort and condition.
3. The MCOs will continue to operate their own information technology systems, but TrustHub will provide them the opportunity to collaborate in transitioning to value-based care.
4. In Michigan, Medicaid MCOs cover 1.8 million people and constitute over $8 billion in spending.
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