Blue Cross Blue Shield of Michigan acquired a management services organization that partners with physicians on their operations and business functions. Financial terms were not disclosed. The acquiree is based in Royal Oak, Michigan. Blue Cross Blue Shield of Michigan is not disclosing the name of the management services organization due to a licensing requirement of the Blue Cross Blue Shield Association.
The new endeavor will expand upon the management services organization’s provider partnerships. Blue Cross anticipates offering physicians strategic support to develop the infrastructure, capabilities and best practices required in value-based care models.
The management services organization currently offers physicians care management and decision support, financial management, practice improvement, and back-end administrative services. The new endeavor will expand upon the management services organization’s provider organization partnerships and continue the insurer’s shift toward a value-based, consumer-focused care model concentrated on improving consumer outcomes.
Non-profit Blue Cross Blue Shield of Michigan (BCBSM) is an independent licensee of the Blue Cross and Blue Shield Association. BCBSM provides health benefits to more than 4.7 million members residing in Michigan in addition to employees of Michigan-headquartered companies residing outside the state. BCBSM delivers affordable health care products through a broad variety of plans for businesses, individuals, and seniors.
This was reported by Blue Cross Blue Shield of Michigan on August 11, 2021.