PALO ALTO, Calif., July 9, 2015 /PRNewswire/ -- Health Fidelity, a company that develops innovative technologies for the value-based care era, announced today a new partnership with Evolent Health, an organization that helps health systems and their physician partners to transition successfully to value-based care. With support from Health Fidelity's unique risk adjustment solution, Evolent Health now streamlines risk adjustment as part of its complete value-based financial and administrative management solution for new and existing provider-sponsored health plans.
Due to the challenges around understanding and analyzing unstructured data, healthcare organizations are managing risk in their Medicare and commercial exchange initiatives using just 20% to 30% of available clinical information. Using Health Fidelity's solution, Evolent Health will provide more data to health systems to enable better decision-making. This allows organizations to perfect the risk adjustment cycle with technologies that improve and complement existing systems and processes. The Health Fidelity solution delivers more streamlined revenue operations, greater efficiency and higher levels of compliance.
"Our objective is to transform care delivery by using cutting-edge technologies and solutions that provide unmatched value to our system partners," said Sean O'Donnell, Evolent's VP of Product Innovation and Commercialization. "Health Fidelity's solution enhances analyses with an intuitive workflow and innovative natural language processing technologies that work together to continuously improve the risk adjustment cycle."
"We're excited about the opportunity to work with Evolent Health, a proven leader in value-based care," said Steve Whitehurst, CEO of Health Fidelity. "Our companies share the same goal, which is to fundamentally change the industry with more efficient and effective population health management solutions, so the partnership is a great fit."
With an end-to-end, scalable solution that drives unparalleled risk performance improvements, Health Fidelity is growing rapidly and plans to expand the application of its unique technologies to additional use cases.
About Health Fidelity
San Mateo, California-based Health Fidelity delivers innovative solutions for the value-based healthcare era. Using groundbreaking NLP and analytics technology, Health Fidelity's risk adjustment solution is changing the way risk is identified, quantified and managed for organizations that participate in Medicare Advantage, Health Insurance Exchange and Medicare ACO programs. To learn more, please visit www.healthfidelity.com.
About Evolent Health
Evolent Health partners with leading health systems to drive value-based care transformation. By providing clinical, analytical and financial capabilities, Evolent helps physicians and systems achieve superior quality and cost results. The Company's approach breaks down barriers, aligns incentives and powers a new model of care delivery resulting in meaningful alignment between providers, payers, physicians and patients. Named among Forbes' 2014 and 2015 America's Most Promising Companies and Glassdoor's 2015 Best Places to Work, Evolent Health is a private, high-growth company headquartered in Arlington, Virginia. For more information, visit evolenthealth.com.
SOURCE Health Fidelity