CHICAGO, April 1, 2016 /PRNewswire/ -- Morrisey Holdings, Inc., the parent company of Morrisey Associates, Inc., has formed a new subsidiary to support health care organizations as they manage the transition to "value-based" patient care while improving patient outcomes, satisfaction and safety.
MorCare, LLC provides targeted solutions, combining world-class software and data analytics with best-practice care guidelines, clinical content and consulting services, to help hospitals and health systems provide quality care cost-effectively. These solutions help organizations meet evolving payer contract requirements that focus on patient outcomes rather than patient volumes.
"The launch of MorCare marks another milestone for Morrisey as we evolve to meet our clients' needs," says Jerry Zoldan, CEO and chairman of Morrisey Holdings. "Dedicating resources to MorCare enables us to accelerate our development initiatives and solution deployments that address marketplace needs across the health care continuum. We're excited about the opportunities this new approach presents, and we look forward to providing targeted solutions to the health care provider community."
A key component of value-based care is the "bundled payment" initiative from the Centers for Medicare and Medicaid Services. Under this program, hospitals are reimbursed based on episodes of care, such as major joint replacements. The program rewards participants for improving quality and reducing costs while also penalizing them if costs exceed a set amount. MorCare's solutions make it easier for health care organizations to achieve better patient outcomes cost-effectively by coordinating care with other providers, including those outside the hospital setting.
MorCare's solutions include MorCare Care Management™ (MCCM™), which automates care management processes, streamlines workflows and promotes communication among hospital-based and post-acute care providers; and MorCare Practitioner Performance Reporting™ (MPPR™), which enables health system executives to assess their doctors' and other practitioners' performance. MCCM™ has been in the market for over 10 years, and is currently installed in over 300 acute care facilities throughout the country.
"With our more focused operations of Morrisey Associates and now MorCare, we will continue to stay ahead of the rapidly changing health care market, developing solutions to help health care providers improve clinical, process and financial outcomes," Zoldan says.
About Morrisey Holdings, Inc.
Based in Chicago, Illinois, Morrisey Holdings, Inc. is the parent company of MorCare, LLC and Morrisey Associates, Inc. Formed in January 2016, MorCare, LLC offers software solutions for care management, including population outcomes management, quality of care, process improvement, and readmission management; risk management; patient safety; and practitioner performance reporting. Founded in 1987, Morrisey Associates, Inc. provides software for practitioner credentialing and privileging. More than 800 U.S. health care facilities use Morrisey Associates' MSO for the Web™ (MSOW®). MorCare, LLC and Morrisey Associates, Inc. also offer consulting services and flexible licensing options.
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SOURCE Morrisey Holdings, Inc.