Collaboration Improves Healthcare Access, Equity, Quality and
Savings Optimization for Value-Based Contracts
EAST
WINDSOR, N.J., May 9, 2024
/PRNewswire/ -- SpectraMedix, a leading value-based contract
analytics and provider enablement platform for health plans and
health systems, announced today a strategic partnership with
Foresight Health Solutions, a pioneer in AI-driven social
determinants of health (SDoH) risk management and health equity
analytics. A significant advancement in the industry, this
partnership will offer unparalleled capabilities to care providers
and health plans in predicting comprehensive health risks using
SDoH and health disparity data. This partnership will accelerate
the understanding of what is driving cost and outcomes for
vulnerable populations, enabling organizations to achieve
greater success in value-based care.
SpectraMedix's best-in-class technology enables health plans and
health systems to analyze financial, quality, risk, utilization,
and health equity information to understand value-based contract
performance and identify opportunities for improvement. Foresight
Health adds expertise in AI-enabled analysis of SDoH and care
management data for risk identification, and to accurately pinpoint
care interventions that would be most impactful in mitigating
risks. The integration will provide a more complete picture of
root-cause cost and health factors, improving healthcare access,
equity, quality and savings across business lines to optimize
value-based contracts and help providers deliver better, more
informed care.
"Our partnership brings additional transparency around how
social determinants of health impact risk, quality and shared
savings for vulnerable populations such as Medicaid and Medicare,"
said SpectraMedix CEO Raj Lakhanpal, MD. "Empowering organizations
with the right information at the right time to understand both
medical and non-medical drivers of quality, risk and utilization is
a gamechanger for value-based contract success."
"Our integration with SpectraMedix brings SDoH and care
management data analytics and value-based payment analytics
together in a way that mutually reinforce each other," said
Ashish Abraham, CEO of Foresight
Health Solutions. "Together, we provide deep insights that enhance
the effectiveness and ROI of care delivery—ultimately improving the
health of individuals and populations."
About SpectraMedix
SpectraMedix delivers the complete picture of value-based
performance to drive operational excellence and accelerate
performance improvement for health plans and health systems across
the spectrum of value-based contracts. Our comprehensive,
end-to-end platform empowers organizations with transparency into
financial performance, quality, risk and utilization to help them
establish trust with providers, maximize revenue and scale their
value-based arrangements.
About Foresight Health Solutions
Foresight Health Solutions provides community-based providers
and health plans with AI-driven health equity, predictive risk and
prescriptive care impact analytics by blending SDoH data with other
standard data sources. Through our web-based analytics platform or
through integrations with existing EMRs and care management
systems, clients can optimize the ROI on value-based care
management programs, while at the same time meaningfully reduce
health disparities among vulnerable populations.
Media Contact:
Dylan Stump
9082512809
377463@email4pr.com
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SOURCE SpectraMedix