There is a huge advantage in having all the clinical and financial data in a single database. We will be able to measure performance down to the smallest unit and identify variations in care.
Waltham, Mass. (PRWEB) January 17, 2012
Mercy Medical Center, Des Moines, Iowa’s longest continually operating hospital, has signed an agreement to implement MedVentive Population Manager™ and MedVentive Risk Manager™ to manage risk and quality performance as it takes on its first accountable care contract. MedVentive’s comprehensive, proven technology platform will enable Mercy to transform into an accountable care organization (ACO), improve clinical outcomes and reduce variations in care, as well as capture and manage financial and utilization data.
Mercy chose MedVentive for its 15 years of experience, as well as the clinical expertise and real-world physician workflows incorporated into MedVentive Population Manager and MedVentive Risk Manager.
“No other company offered the track record of MedVentive,” said Dr. David Swieskowski, Mercy Medical Center – Des Moines’ senior vice president and chief accountable care officer. “The MedVentive solution was clearly developed by physicians and pharmacists working in the field and was unparalleled in its experience of actually managing risk. It was obvious to us that with the tried-and-tested nature of the platform, along with the resources and staff MedVentive would bring to the project, we could reach implementation far more quickly and efficiently than with any other vendor.”
Mercy Medical Center is one of Iowa’s largest employers, with nearly 7,000 employees. More than 300,000 patients are cared for annually at Mercy Medical Center and its 30 affiliated clinics. For this first accountable care contract, Mercy will implement both MedVentive Population Manager and MedVentive Risk Manager to manage an initial population of nearly 25,000, with further participation expected in the near future as the system takes on additional risk-based contracts. MedVentive Population Manager will provide the needed IT infrastructure to reduce gaps in care, streamline workflows and improve compliance with quality measures and care guidelines. MedVentive Risk Manager will provide Mercy Medical Center with a single enterprise-wide view that can measure and manage major drivers of cost, including drugs, imaging, hospital stays, emergency room utilization, and practice variations.
“There is a huge advantage in having all the clinical and financial data in a single database. We will be able to measure performance down to the smallest unit and identify variations in care,” said Dr. Swieskowski. “It’s our belief that discovering and understanding these variations in care, we will have the power to better manage our population, achieve better outcomes and reduce costs.”
According to MedVentive CEO Nancy Ham, the MedVentive platform is perfectly aligned to meet Mercy Medical Center’s needs. “We are very pleased at the opportunity to collaborate with Mercy as they take the next step towards ACO models,” said Ham. “With our origins as an at-risk network ourselves, we have a deep understanding of the clinical integration, population management, and risk management infrastructure necessary to shift focus from single-patient encounters to managing whole populations. The experience we bring and the practical solutions we have developed will give Mercy all the tools they need to succeed in a changing healthcare environment.”
Mercy Medical Center – Des Moines is an 802-bed acute care, not-for-profit Catholic hospital situated on three campuses. Founded by the Sisters of Mercy in 1893, Mercy is the longest continually operating hospital in Des Moines and one of the largest employers in the state, with more than 6,600 employees and a medical staff of more than 950 physicians and allied health professionals.
Mercy Medical Center–Des Moines is part of Catholic Health Initiatives (CHI), a national nonprofit health organization with headquarters in Denver, Colo. The faith-based system operates in 19 states and includes 73 hospitals; 40 long-term care, assisted- and residential-living facilities; two community health services organizations; and home health agencies. For more information, visit http://www.mercydesmoines.org.
While healthcare was evolving the concept of an accountable care organization, MedVentive was busy operating as one. MedVentive was founded as the Provider Service Network (PSN) in 1997 by the CareGroup Healthcare System, an integrated, at-risk network of 4,500 physicians and eight hospitals that cared for more than 450,000 at-risk patients. The network included the Beth Israel Deaconess Medical Center, a teaching facility of Harvard Medical School.
Our origins as an ACO give MedVentive a deep understanding of provider organizations and the healthcare environment. Having been an at-risk provider network, MedVentive is uniquely qualified to support an organization’s transition from a fee-for-service payment environment to risk-based contracting, and provide the clinical integration/population management infrastructure necessary to be successful under this new model.
To learn more, please visit http://www.medventive.com or call (781) 290-2500.