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Horizon Blue Cross Blue Shield of New Jersey’s Technology Innovations in Value-Based Care Earn High National Honors in Annual InformationWeek Elite 100
Date:5/3/2016

Horizon Blue Cross Blue Shield of New Jersey (Horizon BCBSNJ) today announced that it has been honored as one of the nation’s most accomplished business technology innovators by InformationWeek, earning a ranking of #3 in the 2016 InformationWeek Elite 100. Horizon received the recognition for technology achievements that have enabled the delivery of the company’s innovative value-based programs.

“Transforming the way that health care is delivered and financed in New Jersey requires a company-wide commitment of people, resources and technology,” said Horizon BCBSNJ Senior Vice president and Chief Information Officer Douglas Blackwell. “The InformationWeek Elite 100 award speaks volumes about not only what Horizon has accomplished to date in value-based care, but for the groundwork we have laid to help our providers and members achieve better health outcomes for many years to come.

The technology award underscores the work behind moving the payment model for the health delivery system from fee-for-service, in which providers are reimbursed for the number of services they perform, to fee-for-value, in which doctors and hospitals are compensated for meeting the “triple aim” of improving care quality, lowering overall costs and improving the member experience.

“There are two key components to Horizon’s journey to a value-based delivery system,” said Naveen Paladugu, Director in the Horizon BCBSNJ Strategic Initiatives Group. “The first is improving collaboration with providers and sharing more robust information so they can better understand and treat their patients, and the second is helping the consumer access the products and systems to better manage their health choices.”

More than 80 business processes were created or modified as part of the company’s value-based innovations, which impacted systems for enrollment, claims processing, billing, customer service and engagement, provider portals, sales and benefit monitoring. The innovations also are improving Horizon’s ability to exchange health care information with providers, engage patients to take more control of their health, and help consumers make easier plan and health care choices.

These innovations are all part of Horizon’s Company-wide, multi-year strategy, which calls for Horizon to continue to invest in technology to further strengthen and support its value-based initiatives, and cement its status as an industry leader in transforming the health care system in New Jersey.

This is InformationWeek’s 28th year identifying and honoring the nation's most innovative users of information technology. The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation.

Additional details on the InformationWeek Elite 100 can be found online at http://www.informationweek.com/elite100.

About Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer is a tax-paying, not-for-profit health service corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is leading the transformation of health care in New Jersey by working with doctors and hospitals to deliver innovative, patient-centered programs that reward the quality, not quantity, of care patients receive. Learn more at http://www.HorizonBlue.com. Horizon BCBSNJ is an independent licensee of the Blue Cross and Blue Shield Association serving more than 3.8 million members.

About InformationWeek
For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, proprietary research and live, in-person events. InformationWeek's award-winning editorial coverage can be found at http://www.informationweek.com. InformationWeek is organized by UBM Americas, a part of UBM plc (UBM.L), an Events First marketing and communications services business. For more information, visit ubmamericas.com.

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Read the full story at http://www.prweb.com/releases/2016/05/prweb13388305.htm.


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