The second largest insurance company in the Health Care Services Corporation Blue Cross Blue Shield is launching a brand new responsible health care program with the Texas medical Association also Blue Cross are introducing a program as a “first-of-its-kind joint effort” which was named as “TMA Practice edge” to “empower a strong base of independent physicians” through alternative payment models.
The “Texas Medical Association” approximately has 48,000 physicians and among their peers more that 70 percent of the doctors are still independent in the South-west and nationally are waves of medical practices to be a part of hospital systems and are aiming to bring an independent physicians. Type of responsible and comprehensible care organization” that adapts the evolution in American Health Care to reduce “growing data-entry burden” and provide them more time to spend with patients.
The Organization that will help for practices to create care management teams fully focused on groups of patients with complicated and chronic diseases and that can also offer consultations on reducing administrative burden.
“This represents a significant investment in our relationship with the TMA and Texas physicians, and will benefit our members, who value their relationships with their independent physicians,” said Bert Marshall, president of BCBSTX.
Austin King, MD, President of the Texas Medical Association lauded BCBSTX as “the first health insurer to stand by independent Texas physicians in support of 21st century patient care.”
The BCBSTX of North Dallas is a residential area of Richardson, The largest insurance company that covered 25 percent of the population with 5 million members. It has became the second largest insurer in 1998 when HCSC needed BCBSTX, what is now is a family of five mutual Blue Cross Insurers. Blue Cross Blue Shield of Taxes also contribute a valuable amount of HCSC’s $22 billion in revenue and in its net income of $684 million in 2013.
“While most ACOs are constrained by a specific hospital system, TMA Practice edge will help connect physicians centered on the needs of their specific patients,” BCBSTX and the TMA said in a release. “TMA Practice edge will offer participating physicians the means to provide coordinated collaborative care, including prevention and management of chronic disease.”
They also recently get a whole A+ rating from AM Best’s report with a stable outlook. BCBSTX significantly improved over the past few years with operating earnings growth in 2013. Is attributable to profitable premium growth and improved underwriting margins.
BCBSTX are trying to create an affordable and sustainable relationship with independent physicians on that time when more Texas health systems are consolidating into large integrated networks of physicians, a trend also happening in many other countries.
Your email address will not be published. Required fields are marked *
Nice post, Thank you for sharing valuable information. I enjoyed readi ...
Any study that compares opioids to other pain-relief medicines? ...
Hey, very nice site. I came across this on Google, and I am stoked tha ...
Thanks for the information. I attended it and it was nice to learn the ...
Oh my goodness! Awesome article dude! Thank you so much. Thanks!! ...
Aetna Announces The Completion of $1 Billion Bond Public Offering
Aetna Declares A Brighter Experience For Entire Members of Aetna Dental Team
Urgent care chain utilizes patient feedback to empower performance
Patrick Conway is quitting CMS to supervise BCBS North Carolina
Copyright© 2015 Healthcare insurance News All Right Reserved