This partnership allows us to develop more specialized risk management programs to support our physician members
WOODBRIDGE, N.J. (PRWEB) December 03, 2020
Conventus Inter-Insurance Exchange and Navvis, a leading population health company, are excited to announce a unique, innovative partnership to help physicians in New Jersey lower the cost of care, improve quality, ensure access, and provide a better experience for their patients. The new partnership offers Conventus insured physician members access to Navvis’ integrated population health management capabilities with one of the largest New Jersey commercial health plans. These services are provided by Navvis’ Value-Based Services Organization, which is committed to achieving a new national standard in value-based care performance. Recently, the organization announced top-tier results in Florida, scoring among the top 6% nationwide of 541 participating ACOs.
Physicians will gain access to analytics, technology, and multi-disciplinary care coordination services, as well as support to optimize their practices. This exclusive complimentary offer to Conventus primary care physician practices helps them have access to the infrastructure and support needed to successfully participate in commercial and Medicare Advantage value-based care programs through Per Member Per Month (PMPM) payments and potential shared savings. Conventus will provide hands-on assistance in coordinating and streamlining workflow processes across other value-based care programs, such as MIPS and other commercial carrier value based programs, to avoid duplication of work.
The partnership is among the first in the nation to align patient safety and risk management strategies directly with value based care. Susan Lieberman, Vice President of Practice Resources at Conventus stated, “Conventus understands that physician practices want to deliver high value care to their patients and the communities they serve. Through our partnership with Navvis, we can help our physician members capture opportunities in value-based care and achieve high levels of performance. Patient care coordination is essential to reducing financial and clinical risk, closing care gaps, and enhancing quality of care. This partnership allows us to develop more specialized risk management programs to support our physician members.”
Dr. Anthony Wehbe, Senior Physician Executive at Navvis, added, “Navvis is committed to helping physicians and their practices optimize their performance and succeed in value-based care. Our solutions engage and empower physicians and create a connected care eco-system to advance the health of populations. We are thrilled to be collaborating with Conventus and their network of physicians.”
Brian Kern, Partner with Acadia Professional, who helped facilitate this collaboration, noted, “We see huge opportunities in New Jersey for value-based risk arrangements. As providers in New Jersey transition from fee-for-service to value-based care, the healthcare risk system will change. Working with Conventus and Navvis, two exceptional companies that share our vision, is a perfect way for physicians to accelerate their transition to value-based care and ensure its success.”
Conventus Inter-Insurance Exchange supports the best interests of New Jersey’s physician practices. As one of New Jersey’s largest professional liability insurers, formed and governed through an alliance of physicians, it uniquely understands the complexity of running a successful practice. Its sole purpose is to help independent physicians and practice administrators succeed in today’s rapidly changing healthcare environment.
Navvis is a population health market maker. We drive transformation. We work with health plans, health systems, and physician organizations to develop new business models that accelerate and fundamentally change the way healthcare is delivered. We create markets and unique partnerships that allow healthcare organizations to unlock value-based care opportunities in their markets. This model redesigns and constructs new markets to solve the underlying systemic issues, to maximize the performance in value-based risk arrangements.
Our capabilities create a solution that is physician-led and patient centric. We support all payers, payment models, and lines of business, connect the full continuum of care, and activate all providers, caregivers, and family members. Delivered and operated by HealthSync, our innovative value-based care platform provides an end-to-end solution for our partners. The result is a healthcare ecosystem that never stops caring—one that is sustainable and eliminates complexity for consumers, empowers providers, and reduces the high cost of healthcare.
Acadia Professional is a renowned medical professional liability insurance brokerage that works with thousands of physicians throughout the US. With a long-standing mission to protect independent physicians, Acadia has been building a national stop loss market for physicians taking risk in value-based care programs.