Collection & Reporting: Models for Public-Private Partnerships

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Presentation transcript:

Collection & Reporting: Models for Public-Private Partnerships Health Care Data Collection & Reporting: Models for Public-Private Partnerships Presented by Nancy Nankivil Bennett Director; WI Department of Employee Trust Funds February 7, 2005

Employee Trust Funds Public Healthcare Purchaser ETF Statistics More than 250,000 active employees and 115,000 retirees in Wisconsin Retirement System 10th largest public pension fund in United States; 19th largest in world Assets currently valued at $65 billion Annual health care expenditures of $800 million Secretary is non-partisan & not appointed by Governor ETF Mission Develop and deliver quality benefits and services to our customers while safeguarding the integrity of the Trust

Value-based Purchasing Managing thru Cost AND Quality Leverage purchasing power for implementation of common quality & patient safety standards Gain transparency (disclosure) of comparative information at provider level Reward superior provider value through pay for performance contracting with Plans/Providers Empower consumers to make more informed decisions regarding their health care

Employee Trust Funds 2003 Healthcare Directive Implementation of Tiered Health Plan Premium Contributions using Objective Cost & Quality Data Management of RX program through single Pharmacy Benefit Manager (PBM) Integration of Quality & Patient Safety Standards into all health related programs Participation in Public/Private statewide healthcare collaborative efforts

State Role in Health Care Policy Use “Bully Pulpit” to set healthcare agenda Promote effective Group Purchasing initiatives Encourage public/private Collaboration among healthcare stakeholders Endorse Standard Set of Measures to ensure quality/patient safety Support initiatives that reward value-based purchasing Advance efforts to improve health literacy among purchasers and consumers