"We expect that the growth driven by the Center of Excellence will double our headcount within the next 12 months." Arnab Sen - Reventics CEO
Denver, Colorado (PRWEB) August 05, 2016
Reventics, a Denver, Colorado based clinically oriented organization has partnered with India based MathLogic – an emerging Big Data Analytics organization - to setup a Center of Excellence (COE) for Clinical Analytics at its Hyderabad center. Reventics is focused on helping Healthcare Providers in the US improve their financial performance. It will be investing upwards of a million dollars into the COE which is expected to drive a greater share of the rapidly expanding Value Based Care (VBC) market. It is projected that 50%-70% of the insurance payments by private & government payers will switch over to Value Based Care models by 2019.
The US is moving towards greater accountability in Healthcare with a focus on improving outcomes and quality of care while reducing medical costs overall. Reimbursements from the government funded Medicare and Medicaid programs as well from commercial payers are being tied into demonstrable quality improvement by the Providers. While at one end, the reimbursements are being negatively impacted, at the other end the cost of providing services is going up. Additionally providers have an ever increasing need to monitor, improve and report on quality metrics.
In this environment, Reventics’ model of analytics based financial and clinical engagement presents a much needed solution for the Providers. Using a three pronged delivery model based on clinical solutions, analytical modeling and proprietary technology; Reventics has a unique solution set that translates to high impact, measurable improvement for the Providers – both in terms of decreasing costs and improving clinical outcomes.
Commenting on the partnership, Mr. Arnab Sen, CEO - Reventics said “Reventics was on the lookout for an analytics partner with a strong understanding of the US Healthcare space. Given Namit’s and Anurag’s prior experience, MathLogic was a natural fit and we are looking forward to the COE creating our next generation solutions for our customers. We feel that with the MathLogic partnership, we will be able to further accelerate our development initiatives and launch our new VBC products by end 2016. We expect that the growth driven by the COE will double our headcount within the next 12 months.”
Mr. Namit Agarwal, President- Healthcare-MathLogic said, “Healthcare analytics is core to MathLogic’s growth model. Our experience of working with US Healthcare clients both in the Provider and the Payer space is synergistic with Reventics’ analytics driven approach to improving clinical and financial outcomes and we are excited to partner with Reventics to co-develop solutions in the emerging Value Based Care space. The Analytics COE will focus on creating a technology enabled scalable model leveraging India’s immense talent pool.” Mr. Agarwal is a seasoned healthcare executive who has been at the forefront of building two technology enabled healthcare services companies and joined MathLogic earlier this year with the specific objective of growing the healthcare practice.
Mr Anurag Verma, CEO – MathLogic said “At MathLogic, we have been involved with the US Healthcare space for quite a while and have developed capabilities to deal with massive amounts of data in compliance with the special requirements in the Healthcare industry. In Reventics, we have found an ideal partner for reaching out to the wider healthcare market by embedding our data science experience with Reventics’ products and solutions. It is a win –win scenario for both MathLogic and Reventics.”