Hartford-based health insurer Aetna and Northeast Medical Group have signed a collaborative care agreement that includes incentives for improved patient outcomes, they announced.
Northeast, which lists more than 250 physicians on its website, is affiliated with the Yale New Haven Health System, which had $3.3 billion in fiscal 2013 revenue. Of that total, Yale New Haven attributed $164 million to Northeast.
The agreement with Aetna covers any patient who sought care from a Northeast physician in the past two years.
It will reward NEMG based on quality, efficiency and patient-satisfaction metrics. Goals include reducing hospital readmissions and emergency room visits, reducing total pharmacy costs, and better managing patients with chronic conditions, among others, Aetna said.
It's the second such deal that Aetna has announced in the past month, as it targets smaller physicians groups than in the past.
It amended its contract with Middletown-based Medical Professional Services Inc. in April. MPS has more than 400 doctors.
Cigna also announced a collaborative care agreement last month, with Integrated Care Partners — Hartford Healthcare's physicians group.