Phoenix, Ariz. (January 13, 2017) Building upon their successful five-year orthopedic partnership to improve the quality of musculoskeletal care for the State of Arizona, Banner Health and The CORE Institute announced the expansion of their existing joint venture and the addition of an Orthopedic High Value Network (HVN) for Banner Health Network (BHN) patients. This integrated care network is a consortium of providers, facilities, IT solutions, and ancillary programs developed and managed to deliver care that reduces variation, increases quality, and reduces cost across the entire musculoskeletal continuum of care. The Orthopedic HVN is structured as a Physician Hospital Organization (PHO) and will apply to three payer products to begin.
The facilities that contract with the PHO will also be engaged in the proven orthopedic service line management program that Banner Health created in partnership with The CORE Institute, which has been successful in meeting quality and organizational objectives on five of Banner Health’s campuses in Arizona. The creation of the HVN will also drive expansion of this service line program to four more Banner campuses throughout the Valley and Casa Grande.
“Because of the existing relationship with The CORE Institute and our Banner facilities, this growth in our relationship to include Banner Health Network was a natural opportunity,” said Carri Kelly, Interim Senior Director of Network Management, Banner Health Network. “The PHO is highly aligned with Banner Health Network initiatives, and will demonstrate a commitment to the clinical programs that will allow us to reach the Triple Aim, which is to improve quality outcomes, improve the patient experience and control costs.”
“Expanding and transforming the successful joint venture between Banner Health and The CORE Institute in this way will help patients receive the highest quality, integrated, medical care, while also helping physicians and their practices succeed in an increasingly complicated healthcare business environment,” said David J. Jacofsky, MD, CEO of The CORE Institute. “We encourage orthopedic surgeons to consider being a part of this innovative care delivery model to provide ‘the right care, at the right time, at the right place for their patients.”
Working together, The CORE Institute and Banner Health have experienced great success in their orthopedic co-management partnership over the last five years. Banner Health launched its first joint venture, the Banner CORE Center for Orthopedics, at Banner Del E. Webb Medical Center in Sun City West in 2011. Objective improvements in outcomes, value, and efficiencies led to expansion of the program at additional sites. The Banner CORE Center for Orthopedics has since grown to also include Banner University Medical Center in Phoenix, Banner Thunderbird Medical Center in Glendale, Banner Desert Medical Center in Mesa and Banner Estrella Medical Center in West Phoenix, and now Banner Boswell Medical Center, Banner Baywood Medical Center, Banner Ironwood Medical Center and Banner Casa Grande Medical Center.
About Banner Health Network
Banner Health Network (BHN) is an accountable care organization that joins Arizona’s largest healthcare provider, Banner Health, and an extensive network of primary care and specialty physicians to provide Arizona’s most comprehensive healthcare solutions. BHN works collaboratively with payers and employers to keep members in optimal health, while reducing costs. Quality healthcare can be affordable with a design that engages the provider, patient, employer and payer in seeking the best care and health outcomes. BHN is comprised of more than 5,000 Banner Health-affiliated providers, 15 Banner Health hospitals, and a wide variety of other clinical services. To learn more, go to www.BannerHealthNetwork.com.