Hartford Business Journal

November 2, 2020

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A recently released report from the RAND Corporation shines a spotlight on 'value-based care' and compares payments made by private health plans to individual hospitals, using Medicare as a baseline. The report, "Nationwide Evaluation of Health Care Prices Paid by Private Health Plans…" is available at www.rand.org/pubs/research_reports/RR4394.html. The Report highlights the great value provided by Trinity Health Of New England hospitals and providers, with employers across the state paying 16% to 24% more for the same services at other hospitals. The bottom line is that Trinity Health Of New England delivers highly-rated clinical care and a top-tier health care experience at a significantly lower cost than its peers. Why is this important to you? As any company executive knows, the largest cost of doing business is often labor. Labor costs, which account for as much as 70% of total business costs, include employee wages, benefits, payroll or other related taxes. During this period of prolonged economic stress and uncertainty around long-term health care policy, employers are increasingly focused on their dual responsibilities to provide their employees and their families with high-quality health care options at competitive prices, which in turn controls costs and minimizes employees' out-of-pocket expenses. How can businesses leverage value-based care? Trinity Health Of New England and our physicians have mastered value-based care through our TogetherHealth strategy. Our value-based care model has yielded higher-quality, better outcomes and outstanding population health—with lower costs than other health care systems in the state. Our value proposition, amid economic uncertainty, is a market differentiator intended to make our health care offerings attractive to both employers and consumers. Value-based care incentivizes physicians to consider the whole person, including clinical needs, patient experience and social influencers of health by linking payment to the quality and outcomes of services delivered-instead of volume. Who is Trinity Health Of New England? Trinity Health Of New England is an integrated, faith-based health care system which includes Saint Francis Hospital, Saint Mary's Hospital, Johnson Memorial Hospital, Mercy Medical Center, Mount Sinai Rehabilitation Hospital and Trinity Health Of New England Medical Group, along with SOHO HEALTH, our clinically integrated network. Our work has not gone unnoticed and we have been recognized nationally. Both Saint Francis and Saint Mary's Hospitals have attained 4-star ratings from the Centers for Medicare and Medicaid Services. Additionally, Saint Francis and Johnson Memorial Hospitals have both earned "A" ratings from Leapfrog for hospital safety. Compare these results to other Connecticut hospitals for a better understanding of how your organization can position itself favorably through these challenging times. Your next steps? For more information on how you can partner with Trinity Health Of New England and SOHO HEALTH to provide high quality, low cost health care to your employees, contact Lisa Trumbell, SOHO HEALTH President & CEO, at lisa.trumble@sohohealth.com. Together, Reggy Eadie, MD, MBA President, CEO Trinity Health Of New England TrinityHealthOfNE.org MESSAGE TO CONNECTICUT EMPLOYERS: Rand Study Highlights Where the Value Lies in Connecticut Health Care Reggy Eadie, M.D., M.B.A. 1000 Asylum Avenue, 5th Floor • Hartford, CT 06105 • 860-714-1900 • TrinityHealthOfNE.org

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