VA awards Community Care Network contracts to increase health care access
WASHINGTON ā The U.S. Department of Veterans Affairs (VA) awarded contracts Dec. 28 to manage provider networks for Regions 1, 2 and 3 of VAās new Community Care Network (CCN), the departmentās direct link with community providers that will ensure VA provides the right care at the right time to Veterans.
āThese contract awards reflect our ongoing commitment to increasing Veteransā access to care,ā said VA Secretary Robert Wilkie. āAs part of VAās modernization efforts, we designed the new network based on feedback from Veterans and other stakeholders, along with lessons learned from the Veterans Choice Program. We are confident this new network will greatly improve customer service for Veterans and timeliness of payments to community providers.ā
The network will be the standard contract vehicle allowing VA to purchase care for Veterans from community health care providers using industry-standard approaches and guidelines in support of the VA MISSION Act of 2018 to administer services and manage the network to its full potential. VA will provide care coordination under this new contract. TriWest Healthcare Alliance has expanded its network to support Veteran and provider care coordination across the nation until CCN is fully implemented.
Contracts were awarded to the following firm:
Region 1 ā Optum Public Sector Solutions, Inc.
Region 2 ā Optum Public Sector Solutions, Inc.
Region 3 ā Optum Public Sector Solutions, Inc.
The contract award for Region 4 is expected by early April 2019. Contract award for Regions 5 and 6 are expected by end of calendar year 2019.
Region 1 includes VA medical centers in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, Vermont, Virginia, Washington, D.C., and West Virginia.
Region 2 covers Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.
Region 3 will serve Veterans in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Puerto Rico, South Carolina, Tennessee and the U.S. Virgin Islands.
VA is committed to delivering efficient, safe, timely and quality health care to all Veterans across the nation.
With no large easily available patient base with which to further validate 4kScore, two other products selling below expectations, a lab business at a distant 3rd place, an unproven pipeline, and an aging CEO this could be dead money well into 2019.
Oddly enough, with UNH/Optum scarfing up an award of approximately $55B, the UNH stock price is just plodding along at 24X.00 up 1.6x on 715K volume.
True. But it had already been up nearly 12% ytd prior to these awards, plus the nearly 1.5% divvy. So perhaps the market had already discounted some good news, which came to pass. And this performance came in a lousy year for most stocks. Also, interestingly, Bloomberg has no specific headline for this news. So perhaps it got a bit buried in year end noise. And, I havenāt checked the time period over which the revenues will be realized, but UNH is already a $250 billion revenue enterprise. In any case, looks like we all need to scratch any VA revenue numbers from our models.
With no large easily available patient base with which to further validate 4kScore, two other products selling below expectations, a lab business at a distant 3rd place, an unproven pipeline, and an aging CEO this could be dead money well into 2019.
While VACG didn't win the Region 1 contract they won't be giving up trying to win other VA contracts. From their website (emphasis mine):
"In addition to CCN development, VACG and its affiliated resources will target other large transformational projects and contracts that optimize the level of service, quality and outcomes users of the VHA and Military Health System experience. These range from integrating key administrative and clinical information systems to elevating customer service and responsiveness across large populations."
With no large easily available patient base with which to further validate 4kScore, two other products selling below expectations, a lab business at a distant 3rd place, an unproven pipeline, and an aging CEO this could be dead money well into 2019.
Which is precisely why, much as I admire Frost, he really needs to assume Executive Chairman position and hire a fresh new face from big pharma as incoming CEO. The company has not been able to get out of its own way for three years. It operates about as effectively as Dr Vinny Boombatz. Buying open market shares, and funding the company through more dilutive equity or loans, is not a management strategy. Nor is it executing on selling the crap out of our new and better mouse traps. Phil, revamp it. Make that your New Yearās resolution for 2019. Either that, or ink a deal with Apple or Amazon.
With no large easily available patient base with which to further validate 4kScore, two other products selling below expectations, a lab business at a distant 3rd place, an unproven pipeline, and an aging CEO this could be dead money well into 2019.
You're just trying to cheer us up.
haha Well it's cloudy and rainy here in Michigan, the Wolverines got stomped Sat and the Spartans might get stomped today, and now this. I need to buy some new Phillips mood lighting.
While VACG didn't win the Region 1 contract they won't be giving up trying to win other VA contracts. From their website (emphasis mine):
"In addition to CCN development, VACG and its affiliated resources will target other large transformational projects and contracts that optimize the level of service, quality and outcomes users of the VHA and Military Health System experience. These range from integrating key administrative and clinical information systems to elevating customer service and responsiveness across large populations."
Admirable. On the other hand, to quote a Jedi master: Do. Or do not. There is no try.