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Shared Savings

Report: Financial Pressures Drive Healthcare M&A in Q1 2023

by Syed Hamza Sohail 04/14/2023 Leave a Comment

Report: Financial Pressures Drive Healthcare M&A in Q1 2023

What You Should Know: Operational and financial pressures drove mergers and acquisitions in the healthcare sector in Q1 2023, according to a new report from Kaufman Hall. In total, there were 15 announced transactions in Q1 resulting in $12.4 billion in total transacted revenue.The trend of fewer but larger transactions that characterized 2022 was maintained—the average size of the seller or smaller party in Q1 was $827 million, just below last year’s historic year-end average of
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Targeted IT Solutions Ease Navigation and Shift to Value-Based Care

by Ashish Kachru, CEO, DataLink 02/21/2023 Leave a Comment

How Actionable Data and Expert Analysis Supports Service Providers, Fosters Better Care and Ensures Financial Benefits

The new healthcare realm of value-based care (VBC), designed to reward healthcare providers with incentive payments for the quality of care and patient outcomes not simply the volume of services provided, presents both opportunities and challenges for all stakeholders. This fundamental shift in reimbursement is intended to become part of the larger quality strategy in reforming how healthcare is delivered and compensated: better care for individuals, better health for populations
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Franciscan Health to Deploy Innovaccer Health Cloud to Eliminate “Data Islands”

by Jasmine Pennic 01/09/2023 Leave a Comment

Franciscan Health to Deploy Innovaccer Health Cloud to Eliminate “Data Islands”

What You Should Know: Today Innovaccer, Inc., the Health Cloud company, announced that Franciscan Health, a 12-hospital system with facilities in Indiana and Illinois, is deploying Innovaccer® Health Cloud to enhance risk-based contract performance and to launch a next-generation experience platform to deliver sophisticated customer and patient relationship management strategies. - Franciscan Health plans to leverage Innovaccer Health Cloud’s Data Activation Platform to integrate
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KLAS: State of Value-Based Care Reimbursement in 2022 Trends

by Syed Hamza Sohail 11/30/2022 Leave a Comment

KLAS: State of Value-Based Care Reimbursement in 2022 Trends

What You Should Know: - Value-based care (VBC) has been established as a priority among healthcare organizations and payers as participants have gained more experience in managing their quality metrics and contracts, ultimately realizing returns on their investments. - For their latest report, Value-Based Care Reimbursement 2022, KLAS talked to 54 healthcare executives—including CEOs, CFOs, CIOs, CMIOs, COOs, VPs and directors of population health, and VPs of analytics—to gauge how
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Innovaccer Launches ACO Compare to Help ACOs Lower Costs & Increase Care Quality

by Jasmine Pennic 11/03/2022 Leave a Comment

Innovaccer Launches ACO Compare to Help ACOs Lower Costs & Increase Care Quality

What You Should Know:  - Innovaccer, the Health Cloud company, introduced ACO Compare 4.0, the latest version of the company’s popular free tool that enables ACOs to analyze and compare their performance against national and regional benchmarks to help them enhance cost savings and increase the quality of care. - The updated tool is available for ACOs to use at no charge and includes several new features that help providers identify cost drivers that can impact their risk-adjusted per
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Report: The State and Science of Value-Based Care

by Fred Pennic 09/16/2022 Leave a Comment

Report: The State and Science of Value-Based Care

What You Should Know: - Providers believe 96% of payment is now value-based in some capacity, and 58% believe their EHR vendor won’t be able to support the data strategies required to thrive under value-based care, according to a new study conducted by Morning Consult and Innovaccer. - The 37-page national research study uncovers key IT infrastructure issues healthcare leaders said are impeding or essential for progress towards accelerating their transformation to value-based
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CareHarmony Secures $15M for AI-Powered Care Coordination

by Syed Hamza Sohail 08/17/2022 Leave a Comment

CareHarmony Secures $15M for AI-Powered Care Coordination

What You Should Know: - CareHarmony, an AI-powered care coordination solutions provider, today announced it has closed a $15 million Series A funding round led by Maverick Ventures, with participation from Nashville Capital Network. - The financing comes as CareHarmony continues to experience exponential growth, serving several of the nation’s leading hospitals and health systems through its care platform. Developing Proprietary Technology To Meet Increased Demand Founded in 2015,
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Aledade Raises $123M to Expand Value-Based Primary Care

by Jasmine Pennic 06/06/2022 Leave a Comment

Aledade Raises $64M for Value-Based Care Network of Physician-Led ACOs

What You Should Know: - Aledade, a Bethesda, MD-based provider of value-based primary care raises $123M in Series E funding to support investments in value-based care for more seniors covered by Medicare Advantage (MA) and innovation that improves patient care and increases medical cost savings, including expanded offerings through its new health services subsidiary, Aledade Care Solutions (ACS). Returning investor OMERS Growth Equity led the round, which also included Fidelity Management
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CareMax Acquires Steward Health’s Medicare Value-Based Care Business for $25M

by Fred Pennic 06/02/2022 Leave a Comment

CareMax Acquires Steward Health’s Medicare Value-Based Care Business for $25M

What You Should Know: - CareMax, a tech-enabled provider of value-based care to seniors announced an agreement to acquire the Medicare value-based care business of Steward Health Care System for a combination of cash and stock. - CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to the equity holders of Steward at closing, subject to customary adjustments. In addition, CareMax will fund a Medicare receivable to Steward covering accounts
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Bamboo Health ACOs Generate $1B+ in Medicare Shared Savings Program

by Fred Pennic 10/12/2021 Leave a Comment

Appriss/Patient Ping Rebrands as Bamboo Health

What You Should Know:  - Following the National Association of Accountable Care Organizations (ACOs) announcement of 2020 data detailing the Medicare Shared Savings Program (MSSP), Medicare's largest alternative payment model, Bamboo Health, formerly Appriss Health and PatientPing, announced its national network of ACOs generated over $1 billion in total shared savings.  - Bamboo Health’s ACO partners succeed under value-based care programs like the MSSP by utilizing their Pings
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