With the Department of Health and Human Services' decision to tie 90 percent of Medicare payments to value based models by this year, we can expect organizations to move even faster toward streamlining their population health management programs. But a survey from Managed Healthcare Executive notes that only 12% of survey respondents say their organization is using data “very well” and it’s making a “big impact” at their organization, the same percentage as 2016. Obviously there is still a steep
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The State of Value-based Care in 2018: 10 Key Trends to Know
Value-based care is bending the healthcare cost curve, reducing unnecessary medical costs 5.6% on average while improving care quality and patient engagement—effectively starting to achieve the long-sought triple aim. Despite easing or ending of federal mandates, commercial lines of business are investing in value-based innovation, accelerating the decline of pure fee-for-service faster than previously projected levels. Indeed, today nearly two-thirds of payment are now based on value.These
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Kaiser Permanente, Emory Healthcare to Create New Integrated Care Model
Emory Healthcare, the clinical arm of Emory University, and Kaiser Permanente, today announced a new collaboration to develop a new integrated care model that provides Kaiser Permanente members with a fully integrated health care experience, and in the process advances patient- and family-centered care in metro Atlanta and beyond. As part of the collaboration, Emory University Hospital Midtown and Emory Saint Joseph's Hospital will become the primary hospitals for Kaiser Permanente physicians
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Innovaccer Launches Automated Chart Retrieval Solution and Physician Engagement Solution for Payers
With the introduction of new payment models and transition to a patient-centric approach, the role of healthcare payers has become imminent. Historically, healthcare payers have been relying on claims data to build and manage multiple cost reduction programs, but claims data can provide the view of only half of the picture. Payers invest millions of dollars and countless hours retrieving charts and relevant clinical data, taking up as much as 20 days. The lack of comprehensive information along
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5 Key Components of A Results-Driven AI Platform for Hospitals and Health Systems in the Era of Value-based Care
Value-based reimbursement is forcing hospitals and health systems to reduce costs and to improve outcomes. Whether they are trying to manage population health or to improve clinical pathways in hospitals, healthcare organizations need a way to understand and harness the huge amounts of data that could potentially be applied to achieving these goals. Artificial intelligence (AI) systems offer an approach that can derive actionable insights from large, complex datasets at the scale required by
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Fitango Health Unveils Oncology Precision Medicine App for Providers to Achieve Value-Based Goals
Fitango Health, a provider of integrated care management and patient engagement software, is announcing a transformative new solution, called Fitango Oncology. Fitango Health's innovative application allows healthcare providers to achieve value-based goals through end-to-end engagement spanning the continuum of care.This end-to-end solution is the first of its kind for both oncology and chronic care to integrate decision-support, treatment communication, along with enabling and engaging both
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Evolent Health Partners with SOMOS IPA to Accelerate Transition to Value-Based Care
Evolent Health, a company providing an integrated value-based care platform to the nation's leading provider organizations, today announced it has partnered with SOMOS IPA to accelerate value-based care in New York. The partnership will focus first on supporting the performance goals of New York's Delivery System Reform Incentive Payment (DSRIP) program for approximately 300,000 New York residents and will serve as a platform to expand to other value-based care arrangements.Evolent is supporting
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Health2047 Nabs $27.2M from AMA to Ramp Up Innovation Incubator
Health2047, a Silicon Valley-based healthcare innovation enterprise has announced a $27.2 million follow-on investment from its founding partner, the American Medical Association (AMA). Health2047 plans to utilize the funding ramp up development and commercialization of promising new technology-based solutions in the areas of chronic disease reduction, radical productivity change, and value-based healthcare. Launched in 2016, Health2047’s mission is to transform U.S. healthcare at the system
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Integra Connect Launches Advanced Analytics Suite for Oncology Practices
Integra Connect launches advanced analytics suite to help oncology practices improve cost-efficiency and quality of value-based cancer careOncology is the leading driver of cost in the healthcare industry today, increasing 88% (a rise of $20.7 billion) in the last five years. It is for this reason that oncologists need to be able to pull and analyze disparate clinical and financial data in a united format in order to predict high-impact interventions at patient and population levels to curb
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Aetion Raises $36M to Expand Evidence Analytics Platform for Value-Based Care
Aetion, a software platform company that delivers real-world analytics and evidence needed for biopharma and payers to engage in value-based care, has raised $36.4 million in Series B funding. The round was led by New Enterprise Associates (NEA) and included a new investor, Amgen Ventures, alongside existing investors Flare Capital Partners, Lakestar and Oxeon Ventures. Mohamad Makhzoumi of NEA will join the Aetion board of directors.With the addition of the $36 million, Aetion has raised a
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