No! Vidant Health is NOT asking to employ the providers who join VIC. You are welcome to stay independent. Private practice providers will remain proprietors of their own practices.
Vidant Health, through its subsidiary, Coastal Plains Network, has extensive positive experience in shared savings payment models while improving patient satisfaction and quality. As a member of VIC, you will benefit from this experience from the beginning.
A CIN gives us the ability to develop the needed infrastructure to collectively manage populations by lowering cost while improving quality within contractual arrangements with payers. This will better position providers to thrive in a value based environment.
As with your current payer contracts, the decision on where patient care will occur will always remain with the provider, subject to the patient’s best interests and the terms of their health plan. VIC’s primary function is to develop trusted analytics that show the provider where the highest-quality, lowest-cost providers are in the market and guide patients to these providers.
The physician-led board will determine the distribution methodology of any VIC shared savings proceeds that result from payer/employer contracts. That determination will be made once the network is formed. Upon joining you will be given an opportunity to have input to help define this methodology.
Joining VIC will give you the opportunity to collaborate with other providers to create clinical care pathways and develop quality initiatives that improve patient outcomes. These efforts will help to ensure that patients receive appropriate, high quality care in the appropriate location across the care continuum.
Vidant Health seeks to work with providers in the region to reduce variation in care delivery, utilize best practices, ensure patients are seen in the right place at the right time, and improve quality. Through this work, Vidant Health can continue to meet its mission of improving the health and well-being of eastern North Carolina, while also partnering with local physicians to participate in value-based contracts that reward the physicians’ efforts in these areas.
Yes. Primary care providers and specialty providers can participate in multiple CINs at any given time.
The combination of an academic medical center, such as Vidant Medical Center, along with community hospitals throughout the region and employed and independent quality providers make for a powerful partnership. Experience has shown that when providers focused on quality unite to improve health care results, remarkable things can happen. Vidant Health’s ACO, Coastal Plains Network, has given us experience in being successful in generating Medicare shared savings through lowering cost and improving quality outcomes.
Perhaps. The decision to allow entrants after the initial offering period will be made by the physician-led VIC board. There are no guarantees.