CHICAGO, Jan. 11, 2016 (GLOBE NEWSWIRE) -- Valence Health today announced that it has signed a collaboration agreement with Aon plc (NYSE:AON) to jointly assist hospitals and health systems transitioning to value-based care models. This co-marketing relationship combines the reach and expertise of Aon, a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services, with Valence Health's capabilities and proven 20-year track record as a leading provider of clinical integration, population health, and value-based care solutions and services. As part of this collaboration agreement, the firms will jointly approach and provide solutions to leading hospitals and health systems that are either actively transitioning to a value-based care model or evaluating a transition.
"By combining Valence Health's experience in evaluating, implementing and managing various forms of value-based care with Aon's industry-leading risk and benefits expertise, we can give providers a complete set of resources and capabilities to migrate from today's predominantly fee-for-service delivery system, to tomorrow's fee-for-value system," said R. Andrew Eckert, CEO of Valence Health. "Valence Health and Aon can offer easy access to the tools, services and expertise clients need to be operationally, clinically and financially successful. We are pleased to be able to provide our clients access to Aon's world class reinsurance brokerage services, as well as key risk management services and support for private exchanges."
"Aon supports more than 500 of the leading hospitals and health systems in the United States through our risk and benefits solutions," said Matthew Levin, Executive Vice President and Head of Global Strategy at Aon. "By working with Valence Health, we can offer our clients additional value and support as they undertake this fundamental transformation to a value-based care model that works for all stakeholders including consumers, employers, providers, and payors."
Valence Health and Aon have been working together at joint client sites and expect to expand this collaboration in 2016 as hospitals and health systems look to provide innovative, value-based reimbursement options to employers and other patient populations. Bundled payments, narrow networks, private exchanges, branded insurance products, and partial and fully delegated risk are all models expected to be pursued in greater intensity in 2016 due to increased support by the Centers for Medicare and Medicaid Services and the nation's largest payors and employers.
About Valence Health:
Valence Health provides value-based care solutions for hospitals, health systems and physicians to help them achieve clinical and financial rewards for more effectively managing patient populations. Leveraging 20 years of experience, Valence Health works with clients to design, build and manage customized value-based care models including clinically integrated networks, bundled payments, risk-based contracts, accountable care organizations and provider-sponsored health plans. Providers turn to Valence Health's integrated set of advisory services, population health technology and managed services to make the volume-to-value transition with a single partner in a practical and flexible way. Valence Health's more than 900 employees empower 85,000 physicians and 135 hospitals to advance the health of 20 million patients. For more information, visit www.valencehealth.com.
CONTACT: Kevin Weinstein Chief Growth Officer Valence Health 312.273.6623 firstname.lastname@example.org Bridget Hayman Associate Director, PR and Social Media Valence Health 312.273.6616 email@example.comSource:Valence Health