GREENWICH, Conn., Feb. 28, 2019 /PRNewswire/ -- Cedar Gate Technologies (Cedar Gate), a leading value-based care performance management company, today announced it was recognized in the: July 2018 Gartner Hype Cycle for U.S. Healthcare Payers and the Hype Cycle of Healthcare Providers reports; August 2018 Hype Cycle for Back Office Analytic Applications report; and September 2018 Market Guide for Healthcare Provider Value-based Performance Management Analytics report.
"We are very pleased to have been recognized by Gartner in their research reports that inform payers and providers about analytic capabilities and system solutions they could use to help them succeed as they transition to value-based care," said David B. Snow, Jr., CEO of Cedar Gate Technologies.
"As a result of industry recognition such as this, the addition of several important new customers, and the acquisition of the leading provider of prospective bundled payment programs, 2018 was Cedar Gate's strongest year yet," David B. Snow, Jr. continued. "All totaled, we ended 2018 with $63 billion in total claims spend on our value-based care performance management platforms and have identified approximately $3.4 billion in revenue, cost and MLR improvement opportunities for our clients. We enter 2019 as a bigger, stronger, more capable value-based care performance management partner for clients."
Cedar Gate continues to expand its value-based care capabilities to provide clients with high-performance analytic and administration capabilities that can meet and exceed the performance thresholds of all types of risk-based contracts and programs.
About Cedar Gate Technologies
Cedar Gate Technologies (Cedar Gate) is a leading value-based care performance management company founded in 2014 by David B. Snow Jr., a nationally recognized Fortune 50 CEO, in partnership with GTCR, a leading Chicago based private equity firm. In 2018, Ascension Ventures, a strategic healthcare venture firm, became part of the ownership group.
Cedar Gate provides high-performance analytic, technological and advisory services to providers, payers and self-insured employers to enable them to meet and exceed the performance thresholds of any type of value-based care contract or program.
Cedar Gate systems are helping clients realize value from over $63 billion of medical spend associated with risk-based contracts and programs that affect 3.8 million covered lives. Cedar Gate is the leading provider of prospective bundled payment solutions with 20+ years of experience and having processed more that 2.25 million distinct bundles.
To learn more, go to cedargate.com.
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Jack A. Smith
Cedar Gate Technologies
SOURCE Cedar Gate Technologies