25 May Quest Diagnostics and United Health Group Partnership
Late Thursday, Quest Diagnostics and United Health Group announced that they are forming a strategic partnership effective January 1, 2019. The partnership will mean Quest will now be an in-network lab for all United Health Group members. United also extended their existing agreement with LabCorp, which will continue to be the exclusive lab provider for United through the end of 2018.
Executives quoted by Modern Healthcare said the new relationship with Quest is intended to “allow the organizations to expand value-based programs, improve their digital platforms and price transparency efforts, and use real-time data sharing to reduce gaps in care.” As value-based agreements continue their growth over straight fee-for-service arrangements, the importance of data and ability to assess member healthcare service utilization has become a greater need for payors and providers alike.