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HealthEC Helps ACO Partners Generate $21.4 Million in Medicare Shared Savings for 2017 Performance Year
Firm achieves 100% client success rate and helps return more than $9.5 million to customers
EDISON, N.J., Sept. 13, 2018 (GLOBE NEWSWIRE) -- HealthEC, a KLAS-recognized end-to-end provider of Population Health Management (PHM) solutions, today announced that the firm helped all of its Accountable Care Organization (ACO) clients achieve $21.4 million in Medicare Shared Savings Program (MSSP) savings, and receive reimbursements totaling more than $9.5 million for the 2017 performance year.
“Data is confirming that our efforts to help ACOs improve performance reporting, optimize care and lower costs are driving results and paying off handsomely for our partners,” said Arthur Kapoor, President and Chief Executive Officer at HealthEC. “We are excited about our clients’ success and look forward to serving them over the long term, as well as developing new partnerships as more organizations transition to value-based care programs.”
HealthEC facilitates next-level quality measure reporting for its ACO partners. In addition to backing clients with a comprehensive data aggregation and analytics platform, the firm supports each client with strategic advice on improving risk scores, care coordination and provider engagement.
“The quality measure reporting performance of our clients is a true reflection of how ACOs are leveraging the power of PHM solutions and taking advantage of opportunities across the value-based care landscape,” continued Kapoor. “Physician organizations are successfully moving Medicare payments from volume to value, and are benefitting by aligning with HealthEC’s comprehensive technology platform and deep understanding of the PHM marketplace and value-based care.”
Other key HealthEC services include leading commercial value-based care negotiations with payers and embedding care coordinators directly into the office setting as part of a comprehensive care coordination strategy.
The Shared Savings Program is a key component of the Medicare delivery system reform initiatives included in the Affordable Care Act. Shared Savings Program ACOs are groups of doctors and other health care providers who voluntarily work together with Medicare to provide high quality services to Medicare fee-for-service beneficiaries and reduce unnecessary costs.
HealthEC is a KLAS-recognized end-to-end provider of Population Health Management solutions, helping providers and payers fully realize the benefits of value-based care by translating electronic data (clinical, claims, and community-based) into actionable insights that measurably improve outcomes and reduce costs. HealthEC’s core solution is a flexible, comprehensive platform that aggregates data from disparate sources, utilizes machine learning algorithms and predictive analytics to identify high-risk patients, and generates customized, coordinated care plans to improve quality and mitigate the financial impact of high utilization. HealthEC also offers bespoke advisory and managed services that define and support the strategic roadmap of healthcare leaders as they transition to prioritizing outcomes over volume. To learn more, visit HealthEC.com; follow on Twitter, LinkedIn and Facebook; or call 800-444-0278, ext. 1500.