Medtronic Finds Another Value-Based Care Partner

Dublin, Ireland-based Medtronic continues to lead the charge toward value-based care with a new five-year strategic partnership with Lehigh Valley Health Network (LVHN), an eight-hospital network in Northeastern Pennsylvania. The partnership is aimed at developing innovative, sustainable, and integrated value-based solutions to improve healthcare outcomes for LVHN's patients. The partnership will create programs that span more than 70 major medical conditions, with the goal of positively impacting as many as 500,000 patients and reducing their cost of care by $100 million.  The organizations said the partnership will leverage Medtronic's technical insights and operational efficiency expertise and LVHN's clinical expertise. It also creates an opportunity for piloting and beta-testing programs, processes, and technology at LVHN across multiple disease states with a goal of creating new technologies and services that will drive better outcomes for patients at a reduced cost.  "This agreement is exciting not only for Medtronic and LVHN, but also for the healthcare industry, by serving as a template for how we can work together to achieve our mutual goals of better clinical and economic outcomes," said Medtronic CEO Omar Ishrak. "By working in partnership, trusting each other, and combining our expertise, we will create new models of care that are more connected and coordinated. Ultimately, these value-based programs will contribute to a more sustainable health system and a heal...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news