Independence Blue Cross Strikes Deal with Penn Medicine
Deal advances collaborative accountable care payment design to improve care and lower costsPhiladelphia, PA — January 15, 2013 — Independence Blue Cross (IBC) announced it has renewed a four-year agreement with the University of Pennsylvania Health System (Penn Medicine) to provide covered benefits for all of IBC's members at Penn Medicine’s hospitals. The agreement includes IBC’s industry-leading pay for performance and accountable care payment model that will reward Penn Medicine’s hospitals and their staff physicians for improving the quality of care and