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IBC Signs New Agreements with Holy Redeemer Health System

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 minimizing hospital-acquired infections, preventing adverse drug events, and reducing surgical complications to improve performance on patient safety and quality of care.

Holy Redeemer Hospital and Medical Center is a full-service hospital comprised of acute, ambulatory and emergency care services and a staff of more than 400 physicians. The hospital offers specialty care services in cardiovascular, oncology, orthopedics, pediatrics and maternity services and other specialized services including comprehensive outpatient community-based diagnostics and rehabilitation programs.

About Holy Redeemer Health System

Holy Redeemer Health System provides a wide range of innovative, high quality health care and health-related services to improve the lives of patients, residents and clients.

Continuing the mission to care, comfort and heal begun in 1924 by the sponsors, the Sisters of the Holy Redeemer, Holy Redeemer Health System utilizes the latest technology to offer a unique combination of advanced clinical services and compassionate care. Services are delivered through an acute care hospital; home health and hospice services; two skilled nursing facilities; assisted living; a retirement community; low-income housing; an active living community; and a transitional housing program for homeless women and children.

With corporate offices in Huntingdon Valley, PA, Holy Redeemer Health System is a Catholic healthcare provider serving southeastern Pennsylvania and 11 counties in New Jersey, from Union County south to Cape May County.

About Independence Blue Cross

Independence Blue Cross is a leading health insurer in southeastern Pennsylvania. IBC and its affiliates provide coverage to nearly 3.4 million people. For 70 years, Independence Blue Cross has offered high-quality health care coverage tailored to meet the changing needs of members, employers, and health care professionals. Independence Blue Cross is an independent licensee of the Blue Cross Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans.

SOURCE Independence Blue Cross
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