HARTFORD, Conn., Sept. 26, 2017 /PRNewswire/ -- CareCentrix, the industry leader in post-acute care management for payors, announced today a strategic development alliance with Owned Outcomes, a thought leader in developing next generation precision analytics to power clinical decisions. The alliance will deliver actionable insights to optimize post-acute care networks and enable personalized data-driven decisions at the point of hospital discharge. Using machine learning and artificial intelligence (AI), the organizations will leverage data to change post-acute care from being reactive to predictive, resulting in better care at a lower cost.
"We are using advanced algorithms to transform how post-acute care is delivered," explained John Driscoll, Chief Executive Officer, CareCentrix. "With what we know through Big Data, we can tune our post-acute network based on each health plan's patient population, and enable better decisions for each individual patient's care."
"By analyzing 100 million patient records, we see patterns, and we can highlight potentially dangerous gaps in care," explained Anita Pramoda, Chief Executive Officer, Owned Outcomes. "Barriers to care come from a variety of factors, including those stemming from socio-economic and cultural concerns. By predicting where potential pitfalls are, we may be in a better position to help patients avoid them," says Pramoda.
"The current post-acute care continuum is broken into silos, which often results in patients getting the wrong care at too high a cost. By combining predictive analytics with our expertise to help patients once they leave the hospital, we can get them home faster and more safely," said Driscoll. "This translates into millions of dollars in potential savings for our health plan clients."
CareCentrix partners with providers and payors in the transition to value-based care with home health management solutions and services that support improved outcomes and efficient care delivery. Headquartered in Hartford, Conn., CareCentrix connects patients with the care they need at home through a national network of over 8,000 credentialed provider locations. CareCentrix provides optimal access to quality home care for more than 24 million lives by connecting providers with patients and helping them navigate the complex home care system. CareCentrix's extensive range of services provides support and coordination for patients and their families in every step of the healing process, including home health, durable medical equipment (DME), home infusion, sleep management and care management services, which ultimately improve care transitions and reduce unnecessary readmissions and emergency room visits. For more information, please visit http://www.CareCentrix.com.
About Owned Outcomes
Owned Outcomes is a software company that provides analytical help to healthcare providers as they enter into payment arrangements that include financial and performance accountability for patient care.