Presented by Nancy Nankivil Bennett Director; WI Department of Employee Trust Funds February 7, 2005...
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Transcript of Presented by Nancy Nankivil Bennett Director; WI Department of Employee Trust Funds February 7, 2005...
Presented by Nancy Nankivil BennettDirector; WI Department of Employee Trust Funds
February 7, 2005
Health Care Data Collection & Reporting:
Models for Public-Private Partnerships
Employee Trust FundsPublic Healthcare Purchaser
ETF Statistics More than 250,000 active
employees and 115,000 retirees in Wisconsin Retirement System
10th largest public pension fund in United States; 19th largest in world
Assets currently valued at $65 billion
Annual health care expenditures of $800 million
Secretary is non-partisan & not appointed by Governor
ETF Mission Develop and deliver quality benefits and services to our customers while safeguarding the integrity of the Trust
Value-based Purchasing Managing thru Cost AND Quality
Leverage purchasing power for implementation of common quality & patient safety standards
Gain transparency (disclosure) of comparative information at provider level
Reward superior provider value through pay for performance contracting with Plans/Providers
Empower consumers to make more informed decisions regarding their health care
Employee Trust Funds2003 Healthcare Directive
Implementation of Tiered Health Plan Premium Contributions using Objective Cost & Quality Data
Management of RX program through single Pharmacy Benefit Manager (PBM)
Integration of Quality & Patient Safety Standards into all health related programs
Participation in Public/Private statewide healthcare collaborative efforts
State Role in Health Care Policy
Use “Bully Pulpit” to set healthcare agenda Promote effective Group Purchasing
initiatives Encourage public/private Collaboration among
healthcare stakeholders Endorse Standard Set of Measures to ensure
quality/patient safety Support initiatives that reward value-based
purchasing Advance efforts to improve health literacy
among purchasers and consumers