NR 07:40 AM EDT, 04/05/2022 (MT Newswires) -- Skylight Health Group Inc. (SLHG.V), a multi-state primary care management group in the United States, on Tuesday announced a joint venture partnership with Collaborative Health Systems (CHS), a population health management services organization and wholly owned subsidiary of NYSE-listed Centene Corporation, to integrate essential value-based care (VBC) services into Skylight Health's primary care practices.
The primary goal of the partnership is to establish the core necessities of a VBC program, which includes joint efforts in payor contracting, taking on risk within Medicare Advantage, and population health improvement. Denver, Colorado Springs, Harrisburg, and Jacksonville will be the initial markets to participate.
The JV allows further entry into value-based care services as a larger contracting entity providing better clinical outcomes and improved patient quality scores and satisfaction, Skylight said.
"Collaborative Health Systems has been at the forefront of profitably executing on value-based care, having generated over $475 million in Medicare savings since 2012," said Prad Sekar, CEO & Co-Founder of Skylight Health. "This partnership enables us to leverage the scale, infrastructure, and expertise of CHS, allowing us to fast-track our timeline of value-based contracts by approximately 24 months."