Christiana Care Health System is moving to share the financial risk of caring for many of its Medicaid patients.
Christiana Care signed shared risk contracts with Highmark Health Options and AmeriHealth Caritas Delaware last week.
The two Managed Care Organizations are contracted by the state to improve the health of Medicaid patients under their plans, thereby reducing overall medical costs.
Under the new contracts, Christiana Care shares in any savings when Medicaid patients with these plans remain healthy.
But when the patients run up costly medical bills, Christiana Care will share in the financial loss.
In a press release, Christiana Care says it may partner with housing agencies, and provide nutritious food to chronically ill patients to try to drive down the cost of care for the patients under these plans.
In a statement, Christiana Care president and CEO Dr. Janice E. Nevin, said the deal “enhances our ability to innovate in meeting the non-medical needs of our patients.”
Highmark Health Options is Delaware’s largest Managed Care Organization.