Healthcare Transformation Consortium named 2020 Health Value winner

The Healthcare Transformation Consortium (HTC) said July 30 it was named a Health Value Award winner by Validation Institute for its 2020 awards program in its non-peer-reviewed category for Healthcare Purchasing Collaborative.

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.

Now in its third year, the Health Value Awards recognize outstanding services, products, and programs across more than 30 categories spanning the health care industry.

Winners were announced earlier this year in a virtual ceremony that recognized health care leaders and innovative vendors across the country.

“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 health care 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, chief executive officer 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.