Geisinger is now part of Risant Health
Kaiser Permanente has completed its first-announced acquisition of Danville, Pennsylvania-based Geisinger a year agoand the health care system is now the first member of Risant Health, a Kaiser spin-off focused on advancing and accelerating value-based care models.
WHY IT MATTERS
Risky health According to Kaiser, he plans to acquire four or five other community-based health care systems in the coming years. But the addition of Geisinger first sets the bar for technology-enabled healthcare innovation.
The goal is to focus on increasing access to value-based care across the entire coverage population, leveraging the deep expertise of both healthcare systems to create a new platform that will “increase the adoption of value-based care in diverse, high-payer, multiprovider, community-based health care system settings,” according to Risant Health.
Upon completion of the transaction, Dr. Jaewon Ryu – Geisinger’s president and CEO since 2019 – to be Risant Health’s first CEO.
It was announced last month that Dr. Terry Gilliland will be the new president and CEO of Geisinger.
As Risant Health embarks on its mission to improve the health of millions of patients nationwide by expanding the use and availability of accountable care, Risant Health combines the complementary skills of its founders: Kaiser’s long experience in integrated care and coverage , and Geisinger’s value: based auto efforts with a range of payers and providers, some of which serve vulnerable urban and rural communities.
Geisinger – which will retain its name and mission – will take the lead in shaping Risant Health’s strategy, building on its own long history of IT-enabled innovation with new access to capital, technology and resources to drive innovation and investment in the patient care while continuing to expand the Geisinger Health Plan.
THE BIG TREND
In June 2023, Dr. Ryu spoke with Healthcare Finance News about the Kaiser acquisition and what Geisinger would mean for the new Risant Health organization.
“This path with Kaiser Permanente through Risant Health provided a great way to collaborate with a fellow nonprofit, mission-oriented organization that is like-minded and focused on improving health outcomes, affordability and access. Kaiser Permanente is the best in class has been organizing this approach for some time, often seen as the gold standard in value-based care,” he told Susan Morse, editor-in-chief of HFN.
“Geisinger has been similarly committed to advancing innovation and value-based care models, working with other payers and other physician groups and healthcare systems to do so,” he added. Together we can make high-quality, equitable, evidence-based care available to many more communities across the country.”
ON THE RECORD
“Risant Health and Geisinger share a vision for the future of healthcare,” said Greg A. Adams, chairman of Risant Health, in a statement announcing the completion of the acquisition. “Through Risant Health, we will leverage our industry-leading expertise and innovation to expand the nation’s access to high-quality and evidence-based healthcare, which we know improves the quality of care and the patient and member experience.”
“Geisinger is proud to formally join Risant Health as its first healthcare system, which will accelerate our vision to make better health simpler, more affordable and more accessible for the communities we serve,” said Ryu. “Geisinger can now extend its vision, strategy and impact to more Pennsylvanians thanks to the access to a comprehensive set of tools, expertise and capital that joining Risant Health provides.”
Mike Miliard is editor-in-chief of Healthcare IT News
Email the writer: mike.miliard@himssmedia.com
Healthcare IT News is a HIMSS publication.