Anthem Blue Cross and Blue Shield has reached a multi-year agreement to renew its contract with Yale Medicine.
While declining to release the contract terms, Anthem and Yale Medicine said covered services offered by Yale Medicine providers to Anthem members will remain in-network without interruption.
Part of the agreement involves Yale Medicine and Anthem implementing new approaches to managing cost and quality, which are expected to provide “incremental value” to constituents, said Jill R. Hummel, president, Anthem Blue Cross and Blue Shield.
“We are particularly excited by this new arrangement because of its focus on patient-centered care and value-based payment,” said Hummel in a statement. “This collaboration presents an excellent opportunity for Anthem and Yale Medicine to work together to improve patient health and outcomes while reducing the costs associated with avoidable admissions and services.”
Paul Taheri, chief executive officer of Yale Medicine, added that the renewed relationship “enables us to improve the health of the communities we serve by providing convenient access to high-quality care. We look forward to providing the highest level of services, the most talented providers, and the best facilities for the future.”
