- Nonprofit giant CommonSpirit is launching a new management services organization to help independent and employed providers take on risk in value-based arrangements.
- CommonSpirit is operational in 24 states and is a major provider of Medicare and Medicaid services. As a result, the Population Health Services Organization will serve “a more diverse payer portfolio” than other MSOs in the U.S., the system said.
- The PHSO will help providers with services like population health analytics and network management, according to a Wednesday release.
CommonSpirit is leveraging its scale and experience in value-based care with the goal of nabbing new physician clients interested in taking on value-based arrangements.
Currently, CommonSpirit manages 2.6 million people in value-based arrangements in the U.S., including ten accountable care organizations.
It’s a growth area for the Chicago-based nonprofit, including in programs like Medicare Shared Savings and managed care Medicaid, according to Derek Novak, CommonSpirit VP of Population Health Services and the head of PHSO.
“The Population Health Services Organization is kind of the maturity of that model, really moving to a centralized resource to help both independent and employed providers by providing these resources and portfolio of services,” Novak said.
CommonSpirit is launching a formalized value-based platform now due to the growing adoption of value-based care models, Novak said, citing the CMS’ goal of having every Medicare beneficiary in an accountable care organization by 2030.
“We feel this is the time to invest in the CommonSpirit PHSO to ensure that not only our providers but largely our networks, including those independent providers, can be successful in that,” Novak said.
Many physicians of its current integrated delivery networks are independent — currently, half of providers in value-based agreements with CommonSpirit aren’t directly employed, according to the system.
CommonSpirit is the latest healthcare operator attempting to position itself as an attractive partner for independent physicians that want to transition to value-based payment arrangements.
Earlier this summer, Walgreens launched its own value-based management program for providers in partnership with startup Pearl Health.