FOR IMMEDIATE RELEASE
Morristown, NJ – July 30, 2020 – The Healthcare Transformation Consortium (HTC) has been named a Health Value Award winner by Validation Institute for their 2020 awards program in its non-peer-reviewed category for Healthcare Purchasing Collaborative. Winners were announced earlier this year in a virtual ceremony that recognized healthcare leaders and innovative vendors across the country. Now in its third year, the Health Value Awards continues to recognize outstanding services, products, and programs across 30+ categories spanning the healthcare industry.
The HTC is a collaborative of health care organizations that includes Atlantic Health System, CentraState Healthcare System, Holy Name Medical Center, Hunterdon Healthcare, St. Joseph’s Health, Saint Peter’s Healthcare System and Virtua Health.
“The Healthcare Transformation Consortium is committed to collaborating with our member health systems to create an innovative new model for health care delivery for New Jersey, so we are honored to be recognized by the Validation Institute,” said Kevin Joyce, Vice President of Insurance Networks for Atlantic Health System. “By working closely with like-minded organizations, we are able to share best practices, and lead the transition from fee-for-service to value-based care while providing the highest quality care for our dedicated caregivers and their families.”
The members of the collaborative, each with self-funded employee health plans, work together to address a growing challenge faced by businesses across the state: how to ensure high-quality health care for their team members while reducing the overall cost of providing health insurance and delivering care.
“Now, more than ever, we are seeing the importance and strength and dedication of healthcare workers in our country. While we were unable to celebrate our finalists in person, we feel it was important to host this event virtually, celebrate these leaders and recognize all they do for the industry,” said RD Whitney, CEO of Validation Institute.
Health Value Award candidates complete a lengthy and rigorous application process, particularly those nominated in a peer review category who participate in an in-depth evaluation to ensure the accuracy of performance claims.
About the Healthcare Transformation Consortium:
The Healthcare Transformation Consortium (HTC) is a collaborative of leading, independent health systems based in New Jersey, each with self-funded employee health plans, that share their expertise to address issues many businesses now face: how to improve access to high-quality health care for covered employees and dependents while reducing costs. Members of the consortium include Atlantic Health System, CentraState Healthcare System, Holy Name Medical Center, Hunterdon Healthcare, St. Joseph’s Health, Virtua Health and Saint Peter’s Healthcare System.
About the Validation Institute:
Validation Institute is a membership organization made up of a network of healthcare vendors, health benefits advisors, and purchaser benefit managers focused on delivering better health value and stronger outcomes than conventional healthcare. www.validationinstitute.com