CHI Joins Health Care Transformation Task Force
National Health System will Help Lead Adoption of Value-Based Payment Models
Catholic Health Initiatives, the nation’s second-largest nonprofit health system, has joined the Health Care Transformation Task Force, a diverse partnership of leading health care payers, providers, purchasers and patient organizations.
The Task Force, created earlier this year, is an industry consortium that brings together patients, payers, providers and purchasers to align private and public sector efforts to clear the way for a transformation of the U.S. health care system. By developing and disseminating strategy, operational and policy recommendations, it seeks to spark rapid, measurable change across the health care landscape. Like other Task Force members, CHI is committed to a goal of having 75% of its businesses operating under value-based payment arrangements by 2020.
“We are pleased to be joining a national Task Force of key health care organizations that will lead us into a future where we can truly succeed in providing better health and better care at lower costs,” said Kevin E. Lofton, CHI’s chief executive officer.
Added Michael Rowan, CHI’s president for health system delivery and chief operating officer, who will be leading the organization’s collaboration with the Task Force: “A change this drastic in the way we pay for and deliver health care will only take place through collaborative efforts with the many diverse groups represented by the Task Force. I expect that the work of this broad coalition will set the stage for our vital transformation from volume to value, and help create a system focused on well care rather than sick care.”
The nation’s second-largest nonprofit health system, Englewood, Colorado-based CHI is already involved in the successful implementation of a wide array of valued-based payment models in markets across the country.
Richard J. Gilfillan, M.D., chair of the Task Force and the chief executive officer and president of Trinity Health, welcomed CHI “as an important partner in the Task Force’s work to accelerate the transformation of the U.S. health care system.”
“As a national health system,” Gilfillan said, “CHI and its leaders can help spread best practices in valued-based care across the many hundreds of sites where they deliver care in their communities.”
About Catholic Health Initiatives
Catholic Health Initiatives, a nonprofit, faith-based health system formed in 1996 through the consolidation of four Catholic health systems, expresses its mission each day by creating and nurturing healthy communities in the hundreds of sites across the nation where it provides care. The nation’s second-largest nonprofit health system, Englewood, Colorado-based CHI operates in 19 states and comprises 105 hospitals, including four academic health centers and major teaching hospitals and 30 critical-access facilities; community health-services organizations; accredited nursing colleges; home-health agencies; and other facilities that span the inpatient and outpatient continuum of care. In fiscal year 2014, CHI provided $910 million in charity care and community benefit -- a nearly 20% increase over the previous year -- for programs and services for the poor, free clinics, education and research. Charity care and community benefit totaled more than $1.7 billion with the inclusion of the unpaid costs of Medicare. The health system, which generated revenues of almost $13.9 billion in fiscal year 2014, has total assets of $21.8 billion. Learn more at www.catholichealthinitiatives.org.
About Health Care Transformation Task Force
Health Care Transformation Task Force is an industry consortium that brings together patients, payers, providers and purchasers to align private and public sector efforts to clear the way for a sweeping transformation of the U.S. health care system. Our members are committed to rapid, measurable change, both for ourselves and our country. Our members aspire to having 75 percent of our respective businesses operating under value-based payment arrangements by 2020.To learn more, visit www.hcttf.org.
We are pleased to be joining a national Task Force of key health care organizations that will lead us into a future where we can truly succeed in providing better health and better care at lower costs.”
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