Modern Healthcare Summit Features Health Care Industry Leaders
Morristown, NJ – Four members of the Health Care Transformation Consortium participated on a panel of health care leaders who shared their expertise and innovative solutions to industry challenges as part of Modern Healthcare’s Healthcare Transformation Summit in Austin, TX (May 16-17). The panel, moderated by Kevin Joyce, Vice President, Insurance Networks, Atlantic Health System also included Ryan Kennedy, Chief Financial Officer, Holy Name Medical Center; Tarun Kapoor, MD, President, Virtua Physician Partners; and Garrick Stoldt, Chief Financial officer, Saint Peter’s Healthcare System.
The panel highlighted the innovative New Jersey-based Healthcare Transformation Consortium (HTC), an example of how health systems are working collaboratively to offer more choice and improve the quality of care delivered to their employees while identifying cost-saving opportunities.
HTC is a collaborative of seven health care organizations, each with self-funded employee health plans, using their shared expertise to address an issue many businesses now face: how to improve access to high-quality health care for covered employees and dependents while reducing costs.
As health care organizations that are collectively providing medical benefits to nearly 75,000 employees and families in New Jersey, HTC is looking to lead in improving the quality and affordability of care. Formed in February 2018, HTC members include Atlantic Health System, CentraState Healthcare System, Holy Name Medical Center, Hunterdon Healthcare, St Joseph’s Health, Saint Peter’s Healthcare System and Virtua.
The model developed by HTC can be shared locally with other self-insured employers and replicated nationally. The HTC will share best practices, learn from one another, and lead the transition from fee-for-service to value-based care, using their own benefit plans as proving grounds.
“This is an exciting and challenging time for the health care industry,” said Kevin Joyce, Vice President, Insurance Networks for Atlantic Health System. “As health care providers we must continuously seek new and innovative ways to deliver high quality, cost-effective care to the patients and communities that rely on us. This Summit provided the perfect forum for health care leaders to discuss ways we can work together to transform how health care is delivered.”
About the Healthcare Transformation Summit
Healthcare is transforming at a rapidly accelerating rate. Shifting healthcare policy, an intensified focus on population health, health information technology, an increased incentive to increase scale and market share, and a growing call to engage patients in their care are creating challenges, that require collaboration and innovation by all.
During this unique two-day event, Modern Healthcare brought together senior executives from hospitals and health systems, suppliers, payers, and venture capitalists along with other entities within the care continuum. These executives discussed how the healthcare industry is changing and how leaders can drive and implement transformation within their own organizations.
Attendees gained insight into the strategies used by healthcare business leaders, innovators, and influencers to reduce costs, improve outcomes, and create new growth and revenue opportunities.
About Atlantic Health System
Atlantic Health System is at the forefront of medicine, setting standards for quality health care in New Jersey, Pennsylvania and the New York metropolitan area. Powered by a workforce of 17,000 team members and 4,800 affiliated physicians dedicated to building healthier communities, Atlantic Health System serves more than half of the state of New Jersey including 11 counties and 4.9 million people. The system offers 400 sites of care, including six hospitals: Morristown Medical Center in Morristown, NJ, Overlook Medical Center in Summit, NJ, Newton Medical Center in Newton NJ, Chilton Medical Center in Pompton Plains, NJ, Hackettstown Medical Center in Hackettstown, NJ and Goryeb Children’s Hospital in Morristown, NJ.
In addition to the employed workforce, Atlantic Alliance, a Clinically Integrated Network represents more than 2,500 health care providers throughout northern and central NJ. This network includes 1,000 physicians and providers comprising one of the largest multi-specialty practices in New Jersey - Atlantic Medical Group, as well as members of the Atlantic Accountable Care Organization and Optimus Healthcare Partners, which work to enhance patient care delivery.
Atlantic Health System provides care for the full continuum of health needs, including 12 urgent care centers, Atlantic Rehabilitation and Atlantic Home Care and Hospice. Facilitating the connection between these services on both land and air is the transportation fleet of Atlantic Mobile Health.
Atlantic Health System leads the Healthcare Transformation Consortium, a partnership of seven regional hospitals and health systems dedicated to improving access and affordability, and is a founding member of the PIER Consortium – Partners in Innovation, Education, and Research – a streamlined clinical trial system expanding access to groundbreaking research across seven health systems in New Jersey.
Atlantic Health System has a medical school affiliation with Thomas Jefferson University and is home to the regional campus of the Sidney Kimmel Medical College at Morristown and Overlook Medical Centers and is the official health care partner of the New York Jets.