What You Should Know:
– Arcadia (arcadia.io), a data platform for healthcare, today announced a partnership with WellSpan Health to improve the Pennsylvania health system’s performance in Medicare’s Shared Savings Program.
– This strategic partnership aims to leverage Arcadia’s data analytics platform to connect WellSpan Health’s 220 patient care locations and provide actionable insights that support the healthcare network’s value-based care journey.
Improving WellSpan Health’s Value-Based Care Performance
Benefits of the partnership for WellSpan Health include:
– Connect, normalize, and distribute data: Arcadia’s platform will integrate data from WellSpan’s 2,600 physicians and multiple EHR instances, providing a comprehensive view of patient data.
– Enhanced value-based care analytics: The platform will improve the accuracy and completeness of analytics across various contract types, including Medicare Advantage, commercial, and self-funded employer plans.
– Identify and close risk and quality gaps: Arcadia’s insights will help WellSpan identify and address gaps in care for its nearly 240,000 value-based patients.
– Improve care coordination: Risk stratification and modeling will enable WellSpan to improve the efficiency and effectiveness of care coordination.
– Manage referrals: Optimize quality while reducing unnecessary utilization and cost through better referral management.
“By leveraging data-driven insights and actions, healthcare organizations can meaningfully optimize performance in value-based care,” said Michael Meucci, President and CEO at Arcadia. “We’re thrilled to welcome WellSpan Health to our community of high performers who continue to lead the way in improving clinical and financial outcomes.”