HealthTrio Partners with SpectraMedix to Empower Advanced Analytics-Driven Provider Performance Improvement for MCOs
Integrated solution enables MCOs to help providers more rapidly identify care needs, close care gaps, and tie measures to VBP incentives, all within their current workflow
EAST WINDSOR, N.J., June 4, 2019 /PRNewswire-PRWeb/ -- HealthTrio, a leading Software-as-a-Service provider for the healthcare market, has partnered with SpectraMedix, a leader in healthcare payer and provider analytics and business intelligence. This combined solution integrates real-time quality measures and financial incentives reporting, and actionable analytics capabilities of The SpectraMedix Platform™ with HealthTrio's Smart Series provider portal, empowering providers to identify care needs and close care gaps in one secure, central location.
"Prior to our partnership, providers had a disconnect between viewing clinical and quality data – data that was typically a delayed snapshot in time – and acting on the performance. Our interactive tool provides a real-time one-stop-shop for drilldown analytics and scorecards, and facilitates the closure of care gaps, improves Risk Adjustment Processing System (RAPS) scoring, decreases manual tasks due to our automated workflows, and improves provider engagement," said Dominic Wallen, President of HealthTrio. "Currently, as the only provider portal with this dimension, we're proud of our organizations' ability to help payers and providers measure and improve performance."
This fresh take on tackling the challenges of performance reporting and care gap closure for MCOs comes on the heels of recent successes. The SpectraMedix Platform™ is powering efforts to drive Medicaid transformation as part of the Delivery System Reform Incentive Payment (DSRIP) program, helping the largest publicly operated health plan in the country save tens of millions of dollars for their clinicians, and providing a platform for Medicare Advantage performance improvement. SpectraMedix is recognized as a NCQA Certified HEDIS Measures Vendor.
The combined SpectraMedix and HealthTrio solution set marries value-based analytics with industry leading Provider Performance Scorecards for MCOs and providers to:
- Identify care needs and close care gaps
- Trigger time sensitive alerts to providers and care team members
- Provide quality report cards tied to financial Value-Based Purchasing (VBP) incentives
- Close the loop on measure gaps and have it reflected in overall performance in near real-time
- Improve Prevention Quality Indicators (PQIs)
- Create what-if models for VBP pre- and post-contract modeling
This integration of two market leaders provides the cost and operational efficiency benefits of a combined solution into one end-to-end platform.
"We're excited to partner with HealthTrio as we unite our advanced data analytics and intelligence solution with HealthTrio's industry-leading web-based platform to help MCOs empower their providers to better transition to fee-for-value," said Raj Lakhanpal, MD, CEO of SpectraMedix.
This new solution set is available immediately.
About HealthTrio
HealthTrio, a leading Software-as-a-Service provider for the healthcare market, is dedicated to web-based solutions that improve experiences in value-based care, data integration, care coordination, and member and provider engagement. As the first to market a portal solution nearly twenty years ago, HealthTrio has been a longstanding leader in building elegant, advanced solutions, all purposefully designed to help simplify the intricate healthcare landscape. Drawing together systems and stakeholders across the care continuum, HealthTrio partners with Medicaid, Medicare, Commercial and provider-sponsored customers to deliver robust, modular solutions that increase transparency, communication and collaboration. HealthTrio's innovative technology solutions decrease costs while increasing access, supporting care and improving outcomes.
About SpectraMedix
SpectraMedix helps healthcare payers and providers make the most of the journey to fee-for-value. Our SpectraMedix Platform™ ensures they have access to the right data, at the right time, to succeed in the range of value-based arrangements. The Platform's advanced data aggregation, analytics, and performance improvement solutions provide healthcare organizations care gap resolution, financial incentive quantification & forecasting, prospective risk analysis, contract analytics and an Enterprise Master Patient Index delivered in a secure, cloud-based environment. Its data integration capabilities include real-time EHR interfaces, including FHIR, and APIs can be leveraged to import data directly from EMR systems on-demand and in real-time. SpectraMedix is among the top vendors for Medicaid reform initiatives in New York State and is the engine behind L. A. Care Health Plan's multimillion-dollar California Medicaid practice transformation project.
SOURCE HealthTrio
Share this article