Waltham, MA (PRWEB) January 24, 2012
Cooley Dickinson Physician Hospital Organization (CDPHO), the preferred managed care contracting entity for all major health plans within Hampshire County, Massachusetts, has signed a three-year agreement to license MedVentive Risk Manager. With MedVentive’s suite of clinician-friendly, intuitive, web-based tools and technology, Cooley Dickinson will be able to better engage physicians and achieve population-wide breakthroughs in quality and cost improvement.
Cooley Dickinson chose MedVentive in order to manage a new Alternative Quality Contract (AQC) with Blue Cross Blue Shield of Massachusetts. The hospital had previously managed several risk-based pay-for-performance (P4P) agreements in-house, but recognized that the AQC would require far more expertise and a more robust solution to be cost-effective. Hospital officials identified the MedVentive platform as the best solution in the industry.
“As we moved forward with our first global payment model, we needed a robust software system that could drive improvements in care quality and efficiency, in order to improve outcomes and ultimately reduce the cost of care,” said Norm Stachelek, Cooley Dickinson’s president and executive director. “We looked at several solutions, some of which involved custom applications and some of which came pre-defined, but MedVentive offered the best of both worlds. The MedVentive platform seemed battle-tested and steeped in real-world experience. The fact that MedVentive spent so much time developing this at the physician level spoke volumes.”
Developed under the principle that you cannot manage what you cannot measure, MedVentive Risk Manager is designed to analyze and improve the entire spectrum of cost and quality challenges – resource utilization, generic prescribing, physician efficiency and patient profiling, and more. MedVentive Risk Manager will provide a single clarifying view that will allow Cooley Dickinson to manage variations in care across its entire enterprise.
Cooley Dickinson will be using the MedVentive platform to manage healthcare for more than 25,000 patients. “We’re very pleased to assist Cooley Dickinson in implementing higher quality and more cost-effective healthcare,” commented Nancy Brown, chief growth officer for MedVentive. “Our experience as an at-risk provider network gives us a deep understanding of provider organizations and the changing healthcare environment. MedVentive is uniquely qualified to provide the risk management infrastructure necessary to be successful under Cooley Dickinson’s new contract model.”
About Cooley Dickinson
CDPHO is the preferred managed care contracting entity for all major health plans within Hampshire County, Massachusetts. The CDPHO is structured to provide a forum for participating providers to collaborate in the delivery of high quality, cost-effective health care to the community in an organized fashion. CDPHO offers efficiency in managed care contracting to its 300 participating physicians and Cooley Dickinson Hospital – a 140-bed acute care hospital that provides patient-centered healthcare services both at its main campus in Northampton, Massachusetts, and at satellite facilities in Amherst, Easthampton, Florence, Hadley, South Deerfield and Worthington.
While healthcare was evolving the concept of an accountable care organization, MedVentive was busy operating as one. MedVentive was founded as the Provider Service Network (PSN) in 1997 by the CareGroup Healthcare System, an integrated, at-risk network of 4,500 physicians and eight hospitals that cared for more than 450,000 at-risk patients. The network included the Beth Israel Deaconess Medical Center, a teaching facility of Harvard Medical School.
Our origins as an ACO give MedVentive a deep understanding of provider organizations and the healthcare environment. Having been an at-risk provider network, MedVentive is uniquely qualified to support an organization’s transition from a fee-for-service payment environment to risk-based contracting, and provide the clinical integration/population management infrastructure necessary to be successful under this new model.
To learn more, please visit http://www.medventive.com or call (781) 290-2500.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/1/prweb9131689.htm