Hackensack Meridian Health today announced that Dr. Pecora, M.D., F.A.C.P., C.P.E., Chief Innovation Officer, Hackensack Merdian Health and Professor and Vice President of Cancer Services at Center Hackensack Meridian Health – John Theurer Cancer, will participate at the prestigious Harvard Business School Summit on May 31 – June 1, 2017.
Dr. Pecora, will be participating in discussions on putting bundled payments into practice. With over 80 participants representing key stakeholders from all over the world, the Summit aims to integrate best practices, challenges and solutions in moving to truly value-based reimbursement globally.
Hackensack Meridian Health is a pioneer in operationalizing bundled payments, participating in the Centers for Medicare & Medicaid Services’ (CMS) Comprehensive Care for Joint Replacement (CJR) since the program launched in April 2016. He also contributed to white papers published by Medscape Medical News from the American Society of Clinical Oncology (ASCO) and OncLive summarizing the outcomes and savings bundled care and alternative payment models offer.
“CMS is working to encourage the adoption of value-based care models specifically because of the potential for improved outcomes and lower costs. Achieving these goals will take time, but we have to do it if we truly want to fix healthcare,” said Andrew Pecora, M.D. “I believe that in the not-so-distant future patients and doctors will have the information they need to choose the correct bundles and lanes that make the best sense. Patients achieve the best clinical outcomes when care is tailored to their individual needs, and the total cost of care should be less for the entire population.”
Dr. Pecora, who also attended the 2016 White House-sponsored Cancer Moonshot Summit in Washington, DC to accelerate cancer research, is widely acknowledged as one of the world’s leading experts in blood and marrow stem cell transplantation, cellular medicine and immunology research. He has also been a leader in the establishment of Cancer Outcomes Tracking Analysis, known as COTA, a technology platform that improves clinical outcomes and reduces wasteful spend in oncology through precise classification of illness and a smarter use of data.
“Our world class physicians at Hackensack Meridian Health are at the forefront of health care, driving research and innovation to create a new standard of care,” said Robert C. Garrett, co-CEO, Hackensack Meridian Health. “As the chief of innovation and head of one of the largest cancer centers in the nation, Dr. Pecora will provide valuable insight at the Harvard Business School Summit about the impact value-based care will have on the health industry. The collaboration of health leaders in education, health care, technology, and business will help set an aggressive agenda for impacting global health.”
Dr. Pecora will participate in discussions at Harvard Business School with prominent members of the health industry and leaders in other fields including regional, national, public and private payers, employers, integrated payers and providers, pharma and devise companies, and other industry thought leaders. Findings from Summit discussions will be included into a report that will be disseminated to stakeholders globally.
ABOUT Hackensack Meridian Health
Hackensack Meridian Health is a leading not-for-profit health care organization that is the most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. Hackensack Meridian Health comprises 13 hospitals, including two academic medical centers, two children’s hospitals and nine community hospitals, physician practices, more than 120 ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, fitness and wellness centers, rehabilitation centers, and urgent care and after-hours centers. Hackensack Meridian Health has 28,000 team members, more than 6,000 physicians and is a distinguished leader in health care philanthropy, committed to the health and well-being of the communities it serves.
The Network’s notable distinctions include having one of only five major academic medical centers in the nation to receive Healthgrades America’s 50 Best Hospitals Award for five or more consecutive years, the number one hospital in New Jersey as ranked by U.S. News and World Report, consistently achieving Magnet® recognition for nursing excellence from the American Nurses Credentialing Center, recipient of the John M. Eisenberg Award for Patient Safety and Quality from The Joint Commission and the National Quality Forum, a six-time recipient of Fortune’s “100 Best Companies to Work For,” one of the “20 Best Workplaces in Health Care” in the nation, and the number one “Best Place to Work for Women.” Hackensack Meridian Health is a member of AllSpire Health Partners, an interstate consortium of leading health systems, to focus on the sharing of best practices in clinical care and achieving efficiencies.
The hospitals of Hackensack Meridian Health include: academic medical centers – Hackensack University Medical Center in Hackensack, Jersey Shore University Medical Center in Neptune; children’s hospitals – Joseph M. Sanzari Children’s Hospital in Hackensack, K. Hovnanian Children’s Hospital in Neptune; community hospitals – Ocean Medical Center in Brick, Riverview Medical Center in Red Bank, Mountainside Medical Center in Montclair, Palisades Medical Center in North Bergen, Raritan Bay Medical Center in Perth Amboy, Southern Ocean Medical Center in Manahawkin, Bayshore Medical Center in Holmdel, Raritan Bay Medical Center in Old Bridge, and Pascack Valley Medical Center in Westwood.
For additional information, please visit www.HackensackMeridianHealth.org.
ABOUT THE JOHN THEURER CANCER CENTER AT HACKENSACK UNIVERSITY MEDICAL CENTER
John Theurer Cancer Center at Hackensack University Medical Center is New Jersey’s largest and most comprehensive center dedicated to the diagnosis, treatment, management, research, screenings, and preventive care as well as survivorship of patients with all types of cancers. The 14 specialized divisions covering the complete spectrum of cancer care have developed a close-knit team of medical, research, nursing, and support staff with specialized expertise that translates into more advanced, focused care for all patients. Each year, more people in the New Jersey/New York metropolitan area turn to the John Theurer Cancer Center for cancer care than to any other facility in New Jersey. Housed within a 775-bed not-for-profit teaching, tertiary care, and research hospital, the John Theurer Cancer Center provides state-of-the-art technological advances, compassionate care, research innovations, medical expertise, and a full range of aftercare services that distinguish the John Theurer Cancer Center from other facilities. www.jtcancercenter.org.
Hackensack Meridian Health
John Theurer Cancer Center
60 2nd Street
Hackensack, NJ 07601
O: 551-996-3764 C: 201-956-7191