Healthcare Leaders Create TRIARQ Health, Addressing the Need for Provider-Led, Value-Based Care Programs

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New company to offer technology and transformative management services focused on healthcare provider-led, value-based care with the goal of strengthening both the economics and the quality of healthcare in the communities it serves.

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We believe that the TRIARQ Health aim of focusing on demonstrated value and quality is good for everyone and leads to cost savings and better clinical outcomes.

Healthcare leaders from the medical and technology communities announced today that they have created a new company – TRIARQ Health – to focus on achieving healthcare’s Triple Aim through provider-led and patient-centered, value-based care programs. The focus of TRIARQ Health will be to align and address the value and quality of healthcare to consumers through value-based programming - including gainsharing and bundled payment arrangements - with payers and providers.

Created with leadership from TRIARQ Network and gloStream, along with industry healthcare executives and providers, TRIARQ Health’s community of professionals and providers have combined their expertise and capabilities to offer unique, value-based care and innovative new services to individuals and families.

In order to affect change, TRIARQ Health was started with the belief that the future of healthcare services must be based upon demonstrated value and quality. The TRIARQ name and its mission is centered on health care reform’s Triple Aim of providing high quality healthcare at affordable costs to populations and communities, by Aligning incentives and Redesigning care delivery around Quality. TRIARQ Health seeks to accomplish this by delivering efficient practice services and value-based programs delivered through high performance healthcare communities.

“We believe that the TRIARQ Health aim of focusing on demonstrated value and quality is good for everyone and leads to cost savings and better clinical outcomes,” said Mike Sappington, CEO of gloStream, whom will serve as chairman and managing member of TRIARQ Health. “With the goals of achieving the aims of healthcare reform, TRIARQ Health will work closely with provider groups, communities, self-insured organizations and health plans to build innovative, provider-led, value-based programs.”

TRIARQ Health will be headquartered in Troy, Michigan and maintain offices in New York and Florida. As part of the company’s mission, the organization has begun to expand its medical advisory boards in order to develop and oversee the community’s value and quality initiatives. The company’s community members are a select group of distinguished physicians, healthcare professionals and payers that share a common goal of improving the delivery of health care through patient engagement, population health management, care coordination and value-based health services.

“TRIARQ Health brings significant and new opportunities for leading independent medical practices to leverage the concept of community and network in order to offer value-based care, and expand it synergistically to groups that understand that the status quo clinical and business models are no longer acceptable,” said Steve Gill, co-founder of TRIARQ Network and President of TRIARQ Communities. “This new company powerfully combines clinical, business, technology, negotiation, change management and financial strength, to help meet the fundamental challenges facing physicians, physical therapists, and other medical, wellness and movement professionals seeking to create high performing, thriving practices, through a determined focus on quality.”

TRIARQ Health will focus its effort on three areas with each aligning directly to the goals of the Triple Aim and quality. gloStream, a software and services company for independent healthcare practices for the past decade will focus and operate as TRIARQ Practice Services and continue to provide technology, performance management and revenue cycle services to practices. TRIARQ Network, LLC, will roll its capabilities into the new TRIARQ Communities group, which will also develop risk-sharing, high performing clinically integrated networks in markets around the country. The third area of focus, TRIARQ Value-Based Programs, will leverage current payer value programming and work to create unique value programs, consumer engagement and care coordination solutions.

About gloStream:
gloStream is a technology and performance management services company focused on delivering value-based services to independent practices. As practices continue to shift from a fee-for-services clinical and business model towards fee-for-value models, they need access to the necessary expertise, tools and services to enable them to compete on value. Our Complete service helps practices prepare and transition to value-based care delivery and payment models. Our partnership and tailored approach combines performance management and value-based care solutions that align with the clinical and business interest of practices, assisting with the redesign of the care delivery model around value, and assist with benchmarking and continuous quality improvement. gloStream’s partnership enables practices to focus on the delivery of quality care so they can compete and thrive in today’s changing healthcare environment.

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About TRIARQ Network:
TRIARQ is a community of Physicians, Patients, Rehabilitation & Movement Specialists and other healthcare professionals working together to create new standards in clinical and service excellence through continuing education, research and cross discipline collaboration. TRIARQ Network, LLC has been in operations for 5 years, operating as a like-minded network of health professionals looking for greater collaboration and educational opportunities. It has become a hallmark of focusing on quality in tri-state area of New York, New Jersey and Connecticut. It has helped create & adopt new standards in clinical & service excellence through international continuing education, research, & cross discipline collaboration in musculoskeletal care. TRIARQ Network, LLC members highlight improved outcomes, patient engagement, patient flows and business skills as top benefits of community membership.

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Jeff Lutz
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