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IBC Signs New Agreements with Holy Redeemer Health System
Date:5/30/2008

IBC's Hospital Quality Incentive Performance Program Continues to Take Root

Across the Region

PHILADELPHIA, May 30 /PRNewswire/ -- Independence Blue Cross (IBC) and Holy Redeemer Health System (Holy Redeemer) recently announced that they have reached agreement on new contracts that include an important new hospital-quality-based incentive payment component. The new agreements took effect May 1, 2008, and will span nearly three years to January 1, 2011.

"We've enjoyed a positive, long-term relationship with Holy Redeemer and we are pleased that the new agreement ensures the health system's continued participation in our strong network of high-quality hospitals and physicians," said Joseph A. Frick, president and chief executive officer at IBC. "We are committed to supporting our provider partners in delivering increasingly high-quality care to our members. To that end, this new agreement marks Holy Redeemer's first-time participation in our quality-based incentive payment program for hospitals, and we are excited to reward them for providing our members quality care using this merit-based incentive compensation approach."

"This collaborative agreement provides IBC members continued access to the compassionate, quality care and innovative programs that are the hallmark of Holy Redeemer," said Michael Laign, president and chief executive officer for the health system. "With our demonstrated success in the areas of patient safety and infection control, we look forward to continuing our strong partnership with IBC and caring for their members and customers who depend on us for progressive solutions to their health care needs."

IBC's quality-based pay-for-performance program provides Holy Redeemer Health System an opportunity to earn additional compensation for delivering increasingly high-quality health care to IBC members. This merit-based compensation approach measures quantitative criteria such as minimizin
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SOURCE Independence Blue Cross
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