Dive Brief:
- McKesson Corp. is joining forces with Pennsylvania-based HealthQX to assist health insurers in efforts to quickly design and scale complex bundled payment models, as well as help ensure timely and accurate payments to providers.
- The pair announced the partnership Wednesday at the Healthcare Financial Management Association’s yearly National Payment Innovation Summit in Memphis. They did not disclose the financial terms of the deal.
- Under the new arrangement, the pair will jointly market their products and manage consulting and services.
Dive Insight:
The deal between the two is timely, following just a few weeks after the Centers for Medicare and Medicaid Services (CMS) implemented the final rule for the first mandatory bundled payment program, as the pair noted in their announcement.
“Interest in bundled payment as a fast path to VBR has never been greater, and payers and providers alike need help getting started and scaling up,” Carolyn Wukitch, senior vice president of McKesson Health Solutions, said in a prepared statement.
Mark McAdoo, CEO of HealthQX, adds the arrangement is a first for the industry in providing access to an end-to-end bundled payment solution. “Payers will be able to ensure the highest accuracy and timeliness of provider payments with a truly enterprise-class solution," he said. "We look forward to working with McKesson on our shared vision of helping the industry accelerate its transition to value.”