Aggregation of claims and Electronic Health Record data from five hospitals in the Arcadia Analytics platform to drive financial performance and quality outcomes
BURLINGTON, MA – Arcadia Healthcare Solutions, a leading Electronic Health Record (“EHR”) data aggregation and analytics technology solutions provider for health systems, independent provider groups, Accountable Care Organizations (“ACO”), and health plans, today announced a partnership with the Value Care Alliance (“VCA”), an alliance of seven independent Connecticut healthcare organizations formed in December, 2013. Together, Arcadia and the VCA will deploy the Arcadia Analytics platform to all member hospitals, unifying claims data from local and national health plans, hospital and ambulatory EHRs, and other sources to support real-time analytics for shared-risk contract performance.
The VCA member hospitals include Griffin Hospital, St. Vincent’s Medical Center,Lawrence and Memorial Health System, Western Connecticut Health Network (Danbury Hospital, New Milford Hospital and Norwalk Hospital), and Middlesex Hospital. “Our members are bringing together their collective intellectual and clinical resources to implement innovative initiatives focused on providing cost effective care for patients, improving access, and improving quality of care,” said Patrick Charmel, Chairman of the VCA and Chief Executive Officer for Griffin Hospital, a member of the Value Care Alliance. “After a thorough review of the market, we selected Arcadia as the partner who could provide the highest quality data asset most quickly, along with actionable analytics for using the data effectively in a value-based world.”
The Arcadia Analytics platform will serve as a central utility to the VCA and its members. Dashboard capabilities will be used to compare cost, quality and efficiency metrics at the aggregate and individual hospital level, allowing VCA members to identify and share best practices between members. The VCA will leverage Arcadia Analytics for analysis and reporting on the aggregated data asset related to Member Attribution, System Leakage, Performance Management, Utilization and Medical Expense. Additionally, capabilities supporting identification and closure of Care Gaps, prospective Risk Management, and Patient Engagement are being deployed and made available for use by each member hospital.
“All provider entities operating under value-based contracts require a mechanism to consume, normalize, and distribute claims and eligibility information from health plans,” said Dr. Richard Parker, Chief Medical Officer of Arcadia and former leader of a leading Pioneer Accountable Care Organization. “When that data is coupled with data directly from the EHRs of hospitals and ambulatory clinics, those providers have a much greater ability to drive effective interventions and improve the efficiency of care being delivered, which is critical when risk is being moved from the health plans to the providers themselves.”
About Value Care Alliance
The Value Care Alliance (www.valuecarealliance.com) is a collaboration among high quality, low cost Connecticut health care systems. This includes seven member hospitals and their affiliated physicians working together to enhance efficient, coordinated care and promote local governance with shared leadership in health care decision making. The Alliance provides opportunities to exchange best practices among its members with the goal of reducing health care expense and improving quality. Additionally, the Alliance delivers data and analytical capabilities to enable efficient and effective care management and optimize the coordination of care across multiple settings. The Alliance is the largest collaboration of independent health care providers in the state. Hospital and physician leaders are working together to set the direction for the Alliance and to enhance the delivery of clinically integrated care, as it helps its members and their patients respond to the changing health care environment.
About Arcadia Healthcare Solutions
Arcadia Healthcare Solutions (https://arcadia.io) is an EHR data aggregation and analytics technology company supporting ambulatory networks taking on value-based risk and transitioning to managed care. Arcadia specializes in clinical data integration of data from 30+ EHR vendors, enriching it with claims and operational data, and using that data to drive improvements in patient care quality, practice efficiency, and financial performance. Trusted by independent provider groups, health plans, and integrated delivery networks nationwide, with expertise in both fee-for-service optimization and value-based performance environments, Arcadia supports providers with the benchmark data, insights, and outsourced services to excel in the evolving landscape of American healthcare. Founded in 2002, Arcadia is headquartered outside Boston in Burlington, MA, with offices in Seattle and outside Chicago in Rockford, IL.