40 Oregon providers, insurers sign value-based care pact

Dozens of Oregon healthcare companies have committed to boosting their value-based payment models as the state looks to reduce healthcare expenses.

Forty healthcare organizations, including some of state’s largest health systems and insurers, signed a voluntary compact Thursday that aims to tie 70% of their payments to capitation and other alternative payment models by 2024. The pledge aligns with the Oregon’s cost growth benchmark that goes into effect this year, which looks to reduce the current 6.5% cost growth rate to 3.4%, said Jeremy Vandehey, director of the health policy and analytics division at the Oregon Health Authority.

“This signals a commitment to the fact everyone needs access to high quality healthcare and that costs are growing at an unsustainable rate,” he said, adding that part of the goal is to facilitate an ongoing dialogue about how to curb costs.

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