General Catalyst & Intermountain partner to drive innovation
Category: #health  By Pankaj Singh  Date: 2022-05-11
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General Catalyst & Intermountain partner to drive innovation

Intermountain Healthcare and General Catalyst have reportedly entered a strategic collaboration to steer innovation across the consolidated health system.

This collaboration would help the company to achieve objectives like the expansion of value-based care, provision of top-class patient experiences, and reduction of overall costs of care.

General Catalyst and Intermountain will use the Health Assurance Network, a group of tech innovation firms within the investment portfolio of General Catalyst that is committed to providing targeted solutions and collectively dedicated to revolutionizing the health industry in a resilient, proactive system of care.

Some of the companies under the Health Assurance Network include Sprinter Health, Transcarent, Commure, Olive, and Cadence.

The collaboration involves joint exploration avenues within the Intermountain system to expedite the transition to value-based care via digital and other solutions offered by Health Assurance Network companies.

Furthermore, it will set a rigorous process for recognizing and scoping certain needs, evaluating and co-developing effective and feasible solutions, and upscaling these solutions across the health system to steer optimistic results.

The General Catalyst- Intermountain alliance develops on other significant collaborations assisted by Intermountain, including Graphite Health, and Civica Rx. It has helped set a new Digital Hippocratic Oath to enhance the interoperability of hospital data and secure the privacy rights of patients.

Marc Harrison, MD, President and CEO of Intermountain Healthcare believes that the General Catalyst- Intermountain alliance can help fast-track the movement between value-based care and population health by linking the company with an innovators network outside the conventional healthcare sector.

At Intermountain Healthcare, providers taking part in risk-based care arrangements had over 10% savings last year in comparison to providers who are not a part of the same arrangements.

Before the SCL Health merger, most of Intermountain’s patient-derived revenue came from value-based care than fee-for-service (volume-based) care. This transition to population health is distinct among major healthcare provider systems.

Source credit:

https://www.globenewswire.com/news-release/2022/05/09/2438830/0/en/Intermountain-Healthcare-and-General-Catalyst-to-Collaborate-on-Innovation.html



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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