Change Healthcare acquires PROMETHEUS Analytics® from Altarum
Category: #health  By Saipriya Iyer  Date: 2020-08-28
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Change Healthcare acquires PROMETHEUS Analytics® from Altarum

Change Healthcare, a healthcare technology company, has recently announced the acquisition of PROMETHEUS Analytics® from a non-profit research & consulting organization, Altarum.

PROMETHEUS Analytics® is a reimbursement approach that is based on the medical episodes of care. It is used by the payer-provider collaborations across the nation, offering a fair & realistic blueprint for VBPs (value-based payments). It also includes above 90 episodes of care definitions that demonstrate the whole range of treatment with covered services across various providers to treat a patient for an illness, procedure, or condition.

The recent transaction will support the commitment of Change Healthcare to drive long-term growth, increase innovation, as well as accelerate the transition of the industry to value-based care via extensive investments in the core aspects of the business.

Change Healthcare has previously collaborated with PROMETHEUS Analytics®. The company is among the 1st certified partners of the PROMETHEUS Analytics approach. This has enabled it to support some of the health plans across the nation by offering its value-based payment programs.

Moreover, healthcare organizations are leveraging PROMETHEUS Analytics® to significantly optimize the provider networks under the value-based reimbursement models. The provider performance can be improved through its unique analytic insights. It also offers more value to the customers by enhancing their healthcare experiences.

PROMETHEUS Analytics® has been integrated in the value-based care platform of Change Healthcare, HealthQX®, which allows the optimization of payment models, evaluation of provider performance, identification of care variations, and improvement of network efficiency.

According to Change Healthcare’s VP & General Manager of Value-based Payments, Robert Capobianco, the company is focusing on the rapid development of its industry-standard, PROMETHEUS Analytics®, which supports users in exploring innovative ways to improve healthcare outcomes, increase quality, and reduce costs. It is excited to expand the collaboration with various companies to improve the model and accelerate the delivery of value-based care to customers in the commercial Medicare & Medicaid markets.

Source credit:

https://www.businesswire.com/news/home/20200826005237/en/Change-Healthcare-Acquires-PROMETHEUS-Analytics%C2%AE



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Saipriya Iyer

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Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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