Harvard Pilgrim and Tufts Health Plan Announce Plans to Hire 'Director of Precision Medicine'

 

Harvard Pilgrim and Tufts Health Plan Announce Plans to Hire 'Director of Precision Medicine' to Help Develop Risk-Sharing Agreements Paving the Way for Personalized Medicine

PMC Board Member Michael Sherman, M.D., serves as the Chief Medical Officer of Harvard Pilgrim Health Care and Tufts Health Plan, which finalized a merger in January. After finalizing their merger with a broad-based commitment to exploring "pace-setting innovations that bring together wide-ranging partners and perspectives to solve health care's challenges," the newly combined Harvard Pilgrim Health Care and Tufts Health Plan are recruiting a Director of Precision Medicine who will focus on spearheading the combined company's efforts to explore innovative solutions in this evolving area of health care. Harvard Pilgrim and Tufts Health Plan's Head of Clinical Innovation, Kate Wallis, said the new hire will be the point person for developing all of the health insurance company's programs in personalized medicine, including a growing portfolio of risk-sharing agreements with the developers of groundbreaking diagnostics and treatments. Harvard Pilgrim's previous risk-sharing agreements, which are designed to base payment rates for certain products and services on how well they work for its patients, have helped speed the advancement of personalized medicine by demonstrating how payers can facilitate access to promising innovations such as genomic sequencing and gene therapies while generating important data about personalized medicine's clinical and economic utility. "As the entity whose policies may influence access to personalized medicine diagnostics and treatments, health plans have a unique opportunity to facilitate access to these important advancements and to do so in a way that balances access and affordability," said PMC Board Member Michael Sherman, M.D., who serves as the Chief Medical Officer of Harvard Pilgrim and Tufts Health Plan.

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