Who is talking about value based care on earnings?

The concept of value-based care is discussed in the earnings call transcripts of Elevance Health and UnitedHealth Group.

Elevance Health​​

• Gail Boudreaux, President and CEO of Elevance Health, discussed their value-based care strategies, highlighting that over 60% of their care is value-based, with even higher percentages in Medicare. The company focuses on renegotiations to ensure stability with value-based care providers, emphasizing win-win solutions aligned on cost, quality outcomes, and star ratings. Elevance Health aims for seamless data sharing to close gaps in care, improving provider outcomes. Boudreaux also mentioned the strategic importance of owning assets in Carelon, especially in high-cost, complex specialty areas, to differentiate their technology, clinical expertise, and trend management.

UnitedHealth Group​​

• UnitedHealth Group discussed their work in value-based care, identifying it as a key strategy to overcome the limitations of fee-for-service models. Their value-based care initiatives aim to empower physicians, align incentives, deliver better health outcomes, and improve costs. By the end of 2023, Optum Health served more than 4 million patients in fully accountable value-based arrangements, with plans to grow this number significantly. The emphasis is on serving more patients under value-based care arrangements, highlighting a modest market presence but significant growth potential within the expansive U.S. healthcare system.

Both companies outline their commitment to value-based care as a means to improve healthcare outcomes and manage costs more effectively.

Aside from Elevance Health and UnitedHealth Group, Cigna also discussed value-based care in their Q4 2023 Earnings Call Transcript.

Cigna​​

• David Cordani, President and CEO of Cigna, addressed the role of value-based care, particularly focusing on the Medicare Advantage (MA) portion. Cigna has a long history and proven track record of positive results from their value-based care orientation across commercial, individual exchange, and Medicare Advantage lines of business. Unlike an owned model, Cigna's approach to value-based care has predominantly been a partner and enabled model, focusing on collaboration rather than direct ownership of care delivery.

These discussions from Elevance Health, UnitedHealth Group, and Cigna highlight their strategic approaches to integrating value-based care into their healthcare services and plans, aiming to improve patient outcomes, align incentives, and manage healthcare costs more effectively.

‍