Valence Health and RowdMap, Inc. Partner to Improve Provider and Payer Transition to Pay-for-Value and Risk-Based Arrangements
Leading value-based care services and Risk-Readiness® solution to help transition providers and health plans from fee-for-service to pay-for-value
Valence Health, a leading provider of clinical integration, population health technology and value-based care solutions, announced today that it has entered into a partnership with RowdMap, Inc., the leader in identifying unwarranted and unexpected variation, accessing Risk-Readiness® and uncovering hidden provider value, and matching practice patterns and population characteristics with ideal value-based programs and risk arrangements.
Valence Health serves hospitals, health systems, and provider organizations that are making the transition from fee-for-service care and reimbursement models to value-based models, where reimbursements and outcomes are aligned. To help clients make that transition successfully, Valence Health will utilize Rowdmap Inc.’s industry-leading Risk-Readiness® solution.
“Providers of all shapes and sizes and health plan leaders are challenged to make sense of changing medical economics and follow a data-driven path to pay for value arrangements that captures the full financial impact of their contributions. For both providers and health plans, the key to success is taking an accurate look at where you are and then taking the appropriate steps to capture and improve your value,” noted R. Andrew Eckert, CEO of Valence Health. “By leveraging RowdMap, Inc.’s unique Risk-Readiness® analytics, our combined offering allows providers and health plans to get rapid insight into their current ability to successfully take on risk-based arrangements, and take the necessary steps to ensure and optimize their success.”
RowdMap, Inc.’s Risk-Readiness® identification uses government benchmark data based on provider practice patterns and population characteristics within a geography to access the ability of a provider to take on risk through value-based models. Providers and health plans receive Risk-Readiness® assessments rapidly, without IT or claims integration. Valence Health’s best-in-class solutions then help providers develop, implement and manage value-based care and reimbursement models consistent with a client’s mission and capabilities.
“Moving to value-based arrangement and maximizing financial performance for providers and health plans alike, requires an approach based on objective benchmarks. No-value care, care that doesn’t deliver improved clinical outcomes, is a core financial driver which until recently has been difficult to identify, much less quantify. Providers and payers who can make decisions, find partners, and employ solutions organized around their ability to manage no-value care will lead the market in successfully transitioning from Fee-for-Service to Pay-for-Value economic models,” said Melanie Rosenthal, RowdMap Inc.’s chief executive officer. “Our collaboration with Valence Health offers providers the best of both worlds, allowing them to seamlessly move from analysis of their opportunity to acting on their strategy in a way that ensures their success.”
About Valence Health:
Valence Health provides value-based care solutions for hospitals, health systems and physicians to help them achieve clinical and financial rewards for more effectively managing patient populations. Leveraging 20 years of experience, Valence Health works with clients to design, build and manage customized value-based care models including clinically integrated networks, bundled payments, risk-based contracts, accountable care organizations and provider-sponsored health plans. Providers turn to Valence Health’s integrated set of advisory services, population health technology and managed services to make the volume-to-value transition with a single partner in a practical and flexible way. Valence Health’s more than 900 employees empower 35,000 physicians and 135 hospitals to advance the health of 20 million patients. For more information, visit www.valencehealth.com.
About RowdMap, Inc.:
An Ernst and Young EY Entrepreneur Of The Year® winner, RowdMap, Inc. helps health plans, government payers, providers, and hospital systems develop Risk-Readiness®strategies to excel as they transition from fee-for-service to pay-for-value. RowdMap Inc. helps health plans and physicians identify and manage unwarranted and unexpected variation and ideal provider arrangements based on provider practice patterns and population characteristics within a geography. For more information, please visit http://www.RowdMap.com.