DALLAS, Feb. 1, 2017 /PRNewswire/ -- CHA ACO — the federally recognized accountable care organization owned by Beacon Health System in South Bend, Ind. — has expanded its relationship with Dallas-based Koan Health. Koan will now provide comprehensive healthcare analytics, risk management and performance improvement services for multiple CHA ACO and Beacon initiatives.
"CHA ACO and Beacon are innovators in Indiana," noted Jeff Hayes, Koan Health executive vice president. "We're excited to help them strengthen results in all of their value-based efforts."
Through the agreement, CHA ACO and Beacon will have access to Koan Health's proprietary analytic tools and consulting services that analyze and target areas for improvement in population health and specific episodes of care.
"Koan Health's analytics are much more flexible, transparent and detailed than any of the competition's," said Diane Maas, Beacon Health vice president. "And their responsiveness and service make them true partners."
Koan will support the Beacon team in setting, monitoring and achieving performance improvement goals in two strategic areas:
- Accountable care relationships (Employee ACO and Medicare Shared Savings Program) with approximately 30,000 covered lives and over $300 million in annual expenditures.
- Episode-of-care relationships (Medicare Bundled Payments for Care Improvement Initiative and Comprehensive Care for Joint Replacement Model) with approximately 700 episodes and $15 million in annual expenditures.
"Our analytics create a deep link between clinical and financial performance," said DT Nguyen, Koan Health chief executive officer. "Our experience with accountable care and bundled payments enables us to help organizations coordinate improvement across all of their public, private and employee programs."
Value-based arrangements are part of an ongoing revolution in health care delivery and financing. Government and private payers seek to control costs by reimbursing providers based on clinical and financial results—instead of on the number of services they deliver.
Accurate predictive analytics, like those provided by Koan Health, are a critical tool in understanding current performance, setting improvement goals, designing interventions and measuring results.
About CHA ACO and Beacon Health System
CHA ACO is the accountable care organization owned by Beacon Health System in South Bend, Ind. CHA ACO includes six organizations—Memorial Hospital of South Bend, Elkhart General Hospital, Beacon Medical Group, Beacon Health Ventures, Beacon Health Ventures Michigan and South Bend Medical Foundation. Through the ACO, providers work together to coordinate high-quality care for Medicare fee-for-service beneficiaries. Beacon Health System is a full-service integrated delivery network and research and education organization. Learn more at chanetwork.com/cha-aco and beaconhealthsystem.org.
About Koan Health
Koan Health is a health care analytics and consulting firm that helps health care organizations improve performance in value-based relationships. Koan's sophisticated predictive analytics let accountable providers and payers understand their networks, provider performance and costs—and target powerful interventions to improve clinical and financial results. The company's proprietary platform can array and analyze millions of data points instantly to forecast the use of health care services to improve performance in population health and specific episodes of care. Learn more at koanhealth.com.
For additional information:
Jeff Hayes, Executive Vice President
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SOURCE Koan Health