Buffalo-based BlueCross BlueShield of Western New York signed a value-based care facing agreement with Buffalo, N.Y.-based Roswell Park Cancer Institute, Buffalo Business First reports.
Here's what you should know.
1. The agreement rewards the providers based on their quality and outcomes, versus the traditional fee-for-service model.
2. Neither party disclosed the terms of the deal.
3. Roswell Park's CEO Candace Johnson said the agreement gives the hospital incentives for providing high quality care across its multiple branches.