BOSTON, Jan. 10, 2017 /PRNewswire/ -- par8o, the industry leader in referral management, has announced that it is now the largest referral management provider in the country and is on track to coordinate care for well over 1 million patients in 2017. Clients now include national provider organizations such as Dignity Health, Mount Sinai Health System, Iora Health, and Lightbeam Health Solutions.
Rapid growth in 2016 also included large employers and payers such as MGM Resorts and WellHealth Quality Care, now part of Healthcare Partners. Of particular note, par8o saw significant growth in its urgent care and retail care business, including adoption by CityMD, the largest urgent care chain in New York City.
The par8o referral management platform, a cloud-based technology that easily integrates into most electronic medical records including Allscripts, Cerner, Athena, and Epic, empowers organizations to better coordinate care and customize care delivery for each and every patient, based on location, clinical need, resource availability, and plan design.
"2016 was an important year for adoption of the par8o platform," says Dr. Daniel Palestrant, MD, par8o's CEO. "I believe 2017 will prove to be even more important as the scope of our network continues to grow and our patient empowerment technology is implemented. I am particularly proud that we have achieved this with minimal capital and completed 2016 firmly in the black."
par8o will be using this year's J.P. Morgan Healthcare Conference in San Francisco, an annual gathering of leaders from across the healthcare industry, estimated at over 8,000 attendees, to showcase its consumer engagement technologies.
"As a healthcare innovator, we have always prided ourselves on our frugality and ability to deliver tremendous value to our clients at a reasonable price," commented Dr. Adam Sharp, par8o's Chief Medical Officer and co-founder. "We have figured out how to engage consumers very effectively via mobile technologies, ensuring real-time guidance as they navigate to the next step in their care. This week we will showcase those techniques with JPM attendees. Next month at HIMSS, we will share our results using the same technology with over two hundred thousand patient interactions."
In February, par8o plans to reveal data that shows how its technology can use the referral moment and an engaged consumer mobile experience to impact quality and cost in real-time in multiple care settings including specialty care, imaging studies, and pharmaceutical utilization.
For more information, please visit www.par8o.com.
Founded in 2012 by the same team of physicians who founded SERMO, the world's largest online physician community, Boston-based par8o is the nation's leader in referral management. par8o's technology is the only referral management platform that is fully integrated into leading Electronic Medical Records, such as Epic, Allscripts, and in the case of CityMD, eClinicalWorks. Deployed as a cloud-based service, par8o's technology helps organizations more effectively manage their own referrals by better matching patients to resources based on clinical need, urgency/availability, and insurance type. par8o's name is a reference to the late 19th century economist Vilfredo Pareto, who observed that systems can be made more efficient through better matching supply and demand, otherwise known as pareto optimality. Since its launch, par8o has helped large hospital systems, employers, and payers lowers costs, improve quality of care, and more effectively execute population health initiatives by better matching patients to in-network resources at the moment of referral.
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