Texas Health Resources, Blues Announce ACO Talks

Texas Health Resources, Arlington, Texas, and insurer Blue Cross and Blue Shield of Texas announced talks to form an accountable care organization.

Ronald Long, chief financial officer and executive vice president of resource development and deployment for the 13-hospital system, said a final agreement is expected in July and the newly formed ACO would launch Jan. 1, 2014.

Long said details such as cost-saving targets have yet to be finalized, but the agreement will tie performance payments to quality and cost controls. Blue Cross and Blue Shield of Texas patients who are treated by Texas Health Resources' employed primary-care physicians will be covered by the accountable care agreement, he said.

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Source: ModernHealthcare.com