HARRISBURG, Pa. and PISCATAWAY, N.J., Nov. 14, 2017 /PRNewswire/ -- A joint venture is announced today between the Care Centered Collaborative at the Pennsylvania Medical Society (PAMED), which was created one year ago to promote value-based care across the state, and HealthEC, a KLAS-recognized population health management company. HealthEC will work with The Collaborative to assist independent physicians and physician groups in establishing or further enabling select Clinically Integrated Networks (CINs). The multi-year joint venture creates the opportunity for these CINs to secure value based care contracts with payers.
Through this partnership, multiple independent physician practices will be able to use HealthEC's clinical and financial data aggregation services to work across specialties and geography to collectively improve patient care, decrease cost, and demonstrate value to the market. The model enables independent physicians to remain competitive amidst revenue and cost pressures brought about by health reform initiatives.
"We are very happy to add to our current capabilities this new solution that helps physicians maintain their practice independence while also participating in care delivery models that reward access, quality, and cost metrics," said Jaan Sidorov, MD, President of The Care Centered Collaborative. "This joint venture will empower more physicians with access to data across the patient's entire healthcare experience, allowing them to make fully-informed care decisions. The HealthEC infrastructure will support collaboration across providers and drive high quality, cost effective care."
Additionally, members will gain access to other HealthEC services including quality and performance data submission under CMS' Merit-based Incentive Payment System (MIPS) and care coordination resources to proactively manage the care of high-cost high-risk patients.
"We're proud to be able to help practitioners maintain their independence while keeping care local and gaining access to value based contracts as a collaborative group," said Sanjay Seth, MD, Executive Vice President at HealthEC. "Our relationship will position providers to take on higher levels of accountability for effectively managing utilization and population health across the State of Pennsylvania."
About The Care Centered Collaborative
The Collaborative was created in 2016 by the Pennsylvania Medical Society to better promote and enable collaboration among physician-led practices and networks. It offers strategic partnerships to help physicians more confidently participate in value-based healthcare models and contracts. The Collaborative's tools, resources and expertise allows physicians to achieve the highest levels of patient-centered outcomes. Current offerings include affordable MIPS Registry Reporting programs, Management Services, Population Health Analytics, and Case Management programs. Visit the website to learn more.
HealthEC is a KLAS-recognized Population Health Management Company that integrates data from hundreds of EHRs, laboratory systems, payers' claim submissions, HIEs, data warehouses, and other sources to improve patient outcomes, manage costs and optimize patient quality of life for its customers. The company's clinical analytics identify provider-specific patterns and guide patient care interventions for better Care Coordination activities and outcomes, lower cost resource utilization, and maximum reimbursement. To learn more visit our website, follow us on Twitter, LinkedIn, Facebook, or call 800-444-0278, ext. 1500.