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Banner Network Colorado Enters Into Value-Based Agreement with Humana

Monday, December 1, 2014 12:28 pm EST

Dateline:

GREELEY, Co.

Public Company Information:

NYSE:
HUM
US4448591028
"Banner Network Colorado is committed to delivering coordinated care with an emphasis on the triple aim of affordable, high-quality care and an excellent patient experience"

GREELEY, Co.--(BUSINESS WIRE)--Banner Network Colorado (BNC), an integrated provider delivery network operating in Northern Colorado, and Humana Inc. (NYSE: HUM), a leading health and well-being company, announce a new Accountable Care agreement covering individuals and families purchasing insurance in Weld and Larimer counties through Connect for Health Colorado and through Humana commercial health maintenance organization (HMO) health plans for small employers.

The new Humana-Banner network accountable care agreement, effective January 1, 2015, will provide highly coordinated care and a world-class patient experience to those choosing Humana’s (HMO) plans through, but not limited to, Colorado’s insurance marketplace, which continues enrollment through February 15, 2015.

The arrangement will offer more personalized care and wellness programs focusing on individual preventive care, chronic conditions and disease management.

Under terms of the accountable care agreement, Humana members will have in-network access to Banner Network Colorado’s more than 300 primary care physicians and specialists, as well as to Banner Health’s local hospitals - North Colorado Medical Center in Greeley, McKee Medical Center in Loveland and Banner Fort Collins Medical Center (opening in April 2015) - its health centers and clinics, and other Banner ancillary services.

“Banner Network Colorado is committed to delivering coordinated care with an emphasis on the triple aim of affordable, high-quality care and an excellent patient experience,” said Paul Kellogg, senior director of managed care for Banner Health. “We believe offering high-value medical care in the right place at the right time keeps patients healthier and reduces the costs of their care. We are excited to align with Humana in providing patients with improved access and outcomes while being cost effective with health care dollars.”

The value-based arrangement emphasizes quality outcomes with a focus on care coordination and leverages measures as defined by the National Committee for Quality Assurance (NCQA) Healthcare Effectiveness Data and Information Set (HEDIS) like diabetes care and treatment, breast cancer screenings, colorectal cancer screenings and high-risk medication.

“This accountable care partnership is a critical step to provide accessible care that achieves healthier outcomes for Humana’s membership,” says Jeremy Gaskill, Regional Vice President, of Market Development for Humana’s West Central Region. “Our mutual commitment to quality care helps us improve the health and well-being of individuals and families being served in Weld and Larimer counties.”

Coloradans have several options to obtain more information about enrolling in a health insurance plan that includes Banner Network Colorado. Options include visiting the Connect for Health Colorado website at http://connectforhealthco.com/CO, contacting an insurance agent, or visiting Humana’s website at EasyPrice.Humana.com.

About Banner Network Colorado

Banner Network Colorado (BNC) is a provider network serving health care policyholders in Larimer and Weld counties in northern Colorado’s Front Range. The network is composed of health care providers such as physicians, hospitals and related medical providers who are linked together to improve the quality of care for patients. These providers make a commitment to work closely together to coordinate all aspects of a patient’s care, to enhance the patient experience and to improve outcomes. More than 300 providers are currently participating in Banner Network Colorado.

About Humana

Humana Inc., headquartered in Louisville, Ky., is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. The company’s strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases
  • Replays of most recent earnings release conference calls
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
  • Corporate Governance information

Contact:

Banner Network Colorado
Betty Patterson, 970-218-8464
betty.patterson@bannerhealth.com
or
Humana Corporate Communications
Ross McLerran, 210-617-1771
rmclerran@humana.com