New York's Empire BlueCross BlueShield and NYU Langone Medical Center have formed a three-year agreement to operate under a pay-for-performance model, according to a joint news release.
Under the agreement, Empire will reimburse NYU Langone based on nationally recognized measures of patient safety and quality of care. The two organizations have also established their own measures for efficient delivery of care that will determine payments, along with patient satisfaction benchmarks.
"Kudos to NYU Langone for raising the bar for hospitals — not only in New York, but nationally. NYU Langone has differentiated itself from its competitors by its highly principled focus on quality, and making it an integral component of how they do business," Mark Wagar, president and CEO of Empire BlueCross BlueShield, said in the release.
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Under the agreement, Empire will reimburse NYU Langone based on nationally recognized measures of patient safety and quality of care. The two organizations have also established their own measures for efficient delivery of care that will determine payments, along with patient satisfaction benchmarks.
"Kudos to NYU Langone for raising the bar for hospitals — not only in New York, but nationally. NYU Langone has differentiated itself from its competitors by its highly principled focus on quality, and making it an integral component of how they do business," Mark Wagar, president and CEO of Empire BlueCross BlueShield, said in the release.
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