Virtua Health System announced Thursday it is joining a multi-health system consortium aimed at providing lower-cost care and health care coverage to employees.
The Healthcare Transformation Consortium was formed in February by Atlantic Health System, CentraState Healthcare System, Holy Name Medical Center, Hunterdon Medical Center, St. Joseph’s Healthcare System and St. Peter’s HealthCare System. The coalition will receive health benefits through Aetna, which will act as a third-party administrator.
“As like-minded organizations committed to providing our employees with top-quality care that is accessible and affordable, HTC will establish best practices that, collectively, will elevate the health care model in New Jersey. Virtua is proud to represent South Jersey in this outstanding group,” Virtua CEO and President Dennis Pullin said in a statement.
The HTC has only just begun operationally, and claims will begin being processed at the start of January.
The goal of the consortium is to develop a self-insured model that can be replicated in other industries.
“Virtua’s participation in HTC will benefit all parties involved. By sharing ideas, tactics, successes and challenges, we can learn from one another, build better systems and solidify New Jersey’s reputation as a hub for excellence in medicine,” said Tarun Kapoor, president of Virtua Physician Partners.