Cleveland Clinic forms coalition to control healthcare costs, improve quality

 

Cleveland Clinic is partnering with five other Ohio health systems to build a coalition designed to control healthcare costs and improve quality.

The coalition, called the Midwest Health Collaborative, was formed in response to growing pressure from insurers to meet goals in order to lower prices, according to a press release.

Led by the Cleveland Clinic, members of the coalition will include Columbus-based OhioHealth, Canton-based Aultman Hospital, Dayton-based Premier Health, Toledo-based ProMedica and Cincinnati-based TriHealth. The goal is sharing best practices among the organizations to help them meet their financial and quality goals.

The coalition members are currently studying the idea of forming a statewide network of providers, according to the release. "We're excited about this and we see a lot of potential to improve quality and patient safety," said Cleveland Clinic Chief Strategy Officer Ann Huston in a statement.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.