Together, the two companies will be able to offer customers a more expansive set of tools to help them with population health management, quality improvement and value-based reimbursement.
Population health management vendor SPH Analytics is merging with SA Ignite, which develops tools to help providers optimize their performance scores for the Merit-Based Incentive Payment System. Financial terms of the merger were not disclosed.
WHY IT MATTERS
Together, the two companies will be able to offer more expansive technology for pop health and quality measurement, officials said, giving clients new tools to help them manage the transition to value-based reimbursement.
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The post-merger company will focus on helping provider customers meet quality measure requirements, educating them on the details of MIPS and other advanced value-based payment frameworks and offering consultative support to help clients to maximize the financial ROI of new reimbursement models.
The newly combined business serves more than 21,000 providers, including hospitals, physician practices and provider networks.
THE LARGER TREND
Healthcare providers have no shortage of quality measures, across a variety of federal programs, with which they’re expected to comply for value-based reimbursement. This past week, for the first time, HHS announced that it will hold a Quality Summit to take a fresh look at the tangle of regulations and streamline them where necessary.
Beyond these prescribed quality measures, however, more and more health systems are taking a more expansive view of population health, applying advanced analytics to stratify risk and, sometimes, using technology to help them intervene and improve the social determinants of health for those patients most at need.
ON THE RECORD
“This strategic alignment creates a meaningfully expanded client base and enables us to build on our impressive track record of helping clients achieve substantive and sustained results in their shift to value-based care,” said Amy Amick, president and CEO of SPH Analytics, in a statement. “The SA Ignite solution set blends with our Population Care and Population Value solution lines in a highly complementary manner that will help us better serve our combined client base.”
“Working alongside electronic health records, our cloud-based IgniteMIPS software delivers powerful analytics that surface truly actionable improvement opportunities,” added Tom S. Lee, CEO and founder of SA Ignite. “Now merged with SPH, we are able to offer our customers a broader suite of quality measures such as MIPS CQMs, HEDIS, and ACO measures, as well as cost and utilization analytics and patient level drill-down capabilities.”
Date: July 19, 2019
Source: Healthcare IT News