Cone Health Joins Forces with Risant Health to Enhance Value-Based Care

Cone Health, a leading healthcare network in North Carolina, is set to join Risant Health,...

Cone Health, a leading healthcare network in North Carolina, is set to join Risant Health, a nonprofit organization established by Kaiser Foundation Hospitals. This strategic move aims to significantly enhance the delivery of value-based care, expanding access and improving health outcomes for millions of people.

Transforming Healthcare for the Better

The definitive agreement between Cone Health and Risant Health marks a transformative step towards reshaping the future of healthcare. By integrating with Risant Health, Cone Health will benefit from the combined expertise and resources of the network, which also includes Geisinger, the first health system to join Risant earlier this year.

“Cone Health’s impressive work for decades in moving value-based care forward aligns so well with Risant Health’s vision for the future of healthcare,” said Dr. Jaewon Ryu, CEO of Risant Health. “Their longstanding success and deep commitment to providing high-quality care to North Carolina communities make them an ideal fit to become a part of Risant Health.”

Cone Health’s Legacy of Excellence

Founded in 1953, Cone Health serves over half a million people in the Piedmont Triad area. With more than 13,000 employees and 700 physicians, the network includes four acute care hospitals, a behavioral health facility, and an accountable care organization (ACO). Cone Health’s Triad HealthCare Network (THN) manages care for nearly 200,000 patients across multiple counties.

“Becoming part of Risant Health presents a unique opportunity to shape the future of healthcare in the Triad, the state, and across the nation,” said Dr. Mary Jo Cagle, president and CEO of Cone Health. “As part of Risant Health, Cone Health will build upon its long track record of success, making evidence-based healthcare more accessible and affordable for more people.”

Continued Commitment to Quality Care

Cone Health will retain its brand, name, and mission, continuing to operate with its existing board, CEO, and leadership team. Patients will see no changes in their care providers or services. “Cone Health customers will see the same doctors, the same nurses, and the same staff in the same locations they do today,” reassured Dr. Cagle.

Enhancing Care Through Collaboration

As part of Risant Health, Cone Health will gain access to advanced technology, services, and capabilities designed to deliver superior health outcomes and lower the total cost of care. This integration aims to foster a more efficient, equitable, and effective healthcare system.

Greg Adams, chair of the Risant Health board of directors, emphasized the significance of this partnership: “Risant Health refuses to accept that fragmented, episodic, fee-for-service care should define the future of healthcare. Models like that of Kaiser Permanente, Cone Health, and Geisinger will help make that possible.”

A Milestone for Cone Health

“This is an important milestone on our ‘success to significance’ journey,” said Mae Douglas, chair of the Cone Health board of trustees. “After more than a year of work involving teams of physicians, executives, and others, the Cone Health board of trustees voted to become part of Risant Health.”

The transaction is subject to regulatory approvals and customary closing conditions. Once completed, this collaboration promises to elevate the standard of care, ensuring that North Carolina communities continue to receive high-quality, accessible healthcare.

For more information about Cone Health and its services, visit Cone Health. To learn more about Risant Health, visit Risant Health.

Cone Health is a not-for-profit healthcare network serving people in Alamance, Forsyth, Guilford, Randolph, Rockingham, and surrounding counties. Their brand promise, “We Are Right Here With You,” is shared by over 13,000 employees, 1,800 physician partners, and 1,000 volunteers.

Risant Health is a nonprofit, charitable organization with a vision to improve the health of millions by increasing access to value-based care. Created by Kaiser Foundation Hospitals, Risant Health brings together nonprofit community-based health systems to deliver better health outcomes through innovative, value-based approaches.

The post Cone Health Joins Forces with Risant Health to Enhance Value-Based Care appeared first on Health Plan News.