Rite Aid to Participate in Health Care Payment Learning and Action Network
March 25 2015 - 3:43PM
Business Wire
Rite Aid Corporation (NYSE: RAD) announced today its
participation in The Health Care Payment Learning and Action
Network. The Health Care Payment Learning and Action Network, first
announced in January, was established in support of the
Administration’s work to advance value and quality in the country’s
health care system.
The Health Care Payment Learning and Action Network will work to
accelerate the transformation of the nation’s health care delivery
system to one that achieves better care, smarter spending, and
healthier people, by supporting the adoption of alternative
payments models and value-based payments. To date, Rite Aid and
more than 2,800 partners including payers, providers, states,
consumer groups and employers have registered to participate in the
Network.
Earlier today, Rite Aid Chairman and CEO John Standley attended
The Health Care Payment Learning and Action Network launch event at
the White House, which included remarks from President Barack Obama
and the Department of Health and Human Services Secretary Sylvia M.
Burwell.
Rite Aid issued the following statement in support of the
Network:
“As one of the nation’s leading pharmacy chains with nearly
90,000 associates, Rite Aid is committed to the goals of
value-based health care and remains highly focused on delivering
quality, cost-effective care that drives the best possible health
outcomes for our patients. We support the Administration and
Congress in their efforts to achieve these critical goals and look
forward to actively participating in the Health Care Payment
Learning and Action Network.
“As a company, we are committed to:
- “Educating our associates about the use
of alternative network options that promote improved health
outcomes and lower health care costs. We are working with our
benefit administration partners to have more than 50 percent of our
company and associates’ medical spend supported by health care
access through alternative models by 2018.
- “Developing unique and innovative
programs that aim to achieve many of the same goals as value-based
health care, like improving the health of our patients while
avoiding costly hospitalizations. A great example is Rite Aid
Health Alliance, our integrated delivery model in which Rite Aid
pharmacists and health coaches partner with medical providers to
help patients with one or more chronic diseases better manage their
conditions.
- “Positioning our 11,000 pharmacists to
deliver a higher level of care to the communities we serve. This
includes providing a wide variety of immunizations and additional
targeted medication therapy management interventions focused on
appropriate medication use, improving compliance, and closing
gaps-in-care. This year, each Rite Aid pharmacy will be
concentrating on clinical quality performance measures tied to the
STAR ratings measures.
“Rite Aid applauds President Obama and Health and Human Services
Secretary Burwell for their leadership in forming the Health Care
Payment Learning and Action Network. We are proud to join this
important initiative and look forward to working with the
Administration and Congress to drive improvements and innovation
throughout our nation’s health care delivery system.”
For a fact sheet on the Health Care Payment Learning and Action
Network visit:
http://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2015-Fact-sheets-items/2015-03-25.html.
To view a list of all organizations that have set goals toward
payment reform, visit:
http://innovation.cms.gov/initiatives/Health-Care-Payment-Learning-and-Action-Network/Partners.html.
More information, including how organizations and partners can
participate in the Network, is available at
http://innovation.cms.gov/initiatives/Health-Care-Payment-Learning-and-Action-Network/.
Most future meetings of the Network will occur virtually by
teleconference or webinar.
Rite Aid Corporation is one of the nation's leading drugstore
chains with nearly 4,600 stores in 31 states and the District of
Columbia and fiscal 2014 annual revenues of $25.5 billion.
Information about Rite Aid, including corporate background and
press releases, is available through the company's website at
www.riteaid.com.
Rite Aid CorporationAshley Flower, 717-975-5718aflower@riteaid.com
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