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Could risk sharing mean better caring? This health system thinks it can find $1B in efficiencies in a new collaboration

Jefferson Health and GE Healthcare test out a new risk-sharing relationship, aimed at transforming the patient experience

Leaders from Jefferson Health and GE Healthcare meet Monday, July 17 to announce a new risk-sharing collaboration seeking $1B in efficiencies

Leaders from Jefferson Health and GE Healthcare meet Monday, July 17 to announce a new risk-sharing collaboration seeking $1B in efficiencies

With unprecedented levels of patient demand and increasing cost pressures, many academic health systems throughout the United States are feeling the heat and facing an uncertain future. But Jefferson Health in Philadelphia is experimenting with a new partnership in hopes of transforming healthcare delivery for its patients.

This week, Jefferson Health and GE Healthcare announced a risk-sharing strategic relationship that supports Jefferson Health’s goal of delivering accessible, high quality care at a lower cost. The relationship has the potential to generate up to $1 billion in operational improvements that can be redirected toward services that best meet patient needs.

“We have a unique opportunity to become the region’s leader in delivering even greater value to our patients – offering them high-quality care at a lower cost, wrapped around an exceptional patient care experience—every time,” said Stephen K. Klasko, MD, MBA, President and CEO of Thomas Jefferson University and Jefferson Health.  “With the industry knowledge and global expertise of GE Healthcare, we will gain significant efficiencies that will enable us to reinvest in initiatives that improve the lives of those we care for.”

What’s it like to run a health system during this time of uncertainty? Where do Jefferson Health’s leaders see healthcare moving in the next 5 years? The Pulse asked some of Jefferson Health’s top leaders to share their take:

Stephen K. Klasko, MD, MBA, President and CEO, Thomas Jefferson University & Jefferson Health

Stephen K. Klasko_encuesta

Kate Kinslow, CRNA, EdD, MBA, CEO Aria-Jefferson Health; Executive Vice President and Chief Integration Officer

Kate kinslow_encuesta

Larry Merlis, Chief Operating Officer, Jefferson Health

Larry Merlis