Aetna and Newport News, Va.-based Riverside Health System have collaborated on an accountable care organization, making this Aetna’s third Accountable Care Solutions contract in Virginia.
ACOs provide coordinated care for patients between physicians and health care institutions in an effort to reduce costs and improve patient care.
The agreement provides the new health plan, Aetna Whole Health, a local option for health insurance purchasers, giving members access to coordinated care between physicians and health care facilities. It will be available to small groups beginning this year and to individuals through the federal Health Information Exchange next year.
A new provider network known as Coastal Virginia Health Partners will be introduced as well. It will include Riverside Health System, Bon Secours Health System, Children’s Hospital of the King’s Daughters and Chesapeake Regional Medical Center.
Touting the collaboration as beneficial for Aetna’s members in the coastal Virginia region, Tom Grote, president of Aetna’s Virginia, Maryland and Washington, D.C. operations noted, “Working with health systems like Riverside, we’re redefining the relationship between insurers and providers. The end result will be better, more efficient and more affordable care.”
Aetna’s other two ACOs in Virginia are a joint venture with Inova, for clients in the Northern Virginia area, and an agreement with Carilion Clinic for customers in the Roanoke region.