PEORIA, Ill. – OSF HealthCare and Blue Cross and Blue Shield of Illinois say they are looking for ways to improve patient care while focusing on the overall cost of health care.
The two organizations announced Thursday that they intend to form an Accountable Care Organization (ACO) to accomplish that goal.
OSF officials say the new alliance will allow health care providers to move their focus from a fee-for-service program to a value approach for services. They say that will improve outcomes and increase patient satisfaction.
The agreement begins January 1, 2014, and will cover nearly 40,000 OSF patients and Blue Cross and Blue Shield members.
It will apply to the Blue Cross and Blue Shield commercial fully insured and self-insured populations in Pontiac, Bloomington, Galesburg, Peoria, and Rockford.