Enterprise solution will deliver year-round consulting, analytics and support for the new value-based payment modifier system
ATLANTA, Georgia — Wellcentive, the pioneer and leader in pay-for-performance and quality reporting for the Physician Quality Reporting System (PQRS), announced today that Beaumont Medical Group (BMG) has implemented its PQRS Enterprise Solution for improving clinical and financial outcomes. The solution will enable the medical group to satisfy the requirements of the Centers for Medicare and Medicaid Services’ group practice reporting option (GPRO) and earn positive payment adjustments under CMS’ value-based payment program.
The Beaumont Medical Group, consisting of employed physicians of Beaumont Health System, is based in Royal Oak, Michigan, with more than 553 primary care physicians, specialists and hospitalists. BMG will use the Wellcentive solution not only to automate reporting but also to proactively track performance on quality measures throughout the year. In addition, a dedicated Wellcentive PQRS consultant will help the medical group navigate recent PQRS program changes and ensure the success of its quality program year round.
“By adopting an enterprise, full-service approach to PQRS reporting, Beaumont is preparing itself well for the future of federally-mandated outcomes reporting,” said Tom Zajac, Wellcentive’s CEO. “The government is ramping up its value-based reimbursement efforts, and providers can no longer afford to limit themselves to barebones quality reporting. Success will require a proactive approach to analyzing data, defining the best opportunities for improving both quality and revenue and tracking outcomes. This is exactly the model Beaumont is implementing and will be the standard for any large medical group.”
On Tuesday, September 23, at the Health 2.0 8th Fall Conference, the eighth annual event that promotes, showcases and catalyzes new technologies in the health care industry, Wellcentive will demonstrate its population health management (PHM) solution in a session titled “Big Data Analytics for Population Health.” The session features technology demos from Wellcentive and other providers of platform solutions for improving population health outcomes.
Gabe Orthous, a PHM and healthcare analytics expert and Senior Solutions Consultant to Wellcentive, will demonstrate the company’s primary functions for aggregating and normalizing data from multiple clinical and administrative systems and turning that into actionable information for proactive care management. Specifically, he will present:
- Population health management dashboarding and visual intelligence solution
- Longitudinal patient record and care management workflows
- Robust stratification of high-risk patient populations that require care management continuity
Wellcentive recognized for flexible, all-in-one solution and strong market vision
ATLANTA, Georgia – Wellcentive, the industry leader in end-to-end population health management (PHM) for healthcare organizations, is one of only two vendors cited as a “standout” in both product and market categories in Chilmark Research’s 2014 Analytics for Population Health Management Market Trends Report. This report marks the fourth time in the past year that an independent analyst assessment has recognized the strength of Wellcentive’s solution for population health management (PHM).
The report assessed 19 vendors along two categories: product capabilities and ability to execute in the market. Wellcentive’s high rating in the product category defined strength in aggregating data, delivering population insights, and enabling providers to act on these insights through PHM workflow and patient engagement tools. The company’s high rating in the market category reflects its ability to align its market vision with market needs.
“We are extremely honored, and pleased that the strength of our solution and our insight into the market has been recognized by another top analyst firm,” said Tom Zajac, Wellcentive’s CEO. “Health reform, incentive-based quality programs and rising rates of chronic care conditions are creating a pressing demand for population health management solutions today. Many vendors are flocking to this need, but our nine years of PHM experience and continued focus on innovation and insight drives our ability to deliver value to our customers, helping healthcare organizations improve the health, quality and cost of care for their patients.”
Pioneer in PQRS reporting introduces new multi-facility health system subscription
ATLANTA, Georgia — Wellcentive, the pioneer and leader in pay-for-performance and quality reporting for the Physician Quality Reporting System (PQRS), announced today its PQRS application is now available, one of the earliest full-service enterprise reporting solutions released to market this year. The solution is updated and fully compliant with the 2014 federal government registry guidelines including support for eligible physicians who wish to participate in the group practice reporting option (GPRO) and register by the September 30th deadline.
PQRS is a quality reporting program established by the Centers for Medicare & Medicaid Services (CMS) in which healthcare organizations, physicians, practitioners, therapists and other eligible professionals are responsible to report data on specific quality measures. CMS initially defined a combination of incentive payments and penalties to promote compliance and to drive improvement in patient care.
In 2014, three significant PQRS program changes occurred. First, this will be the final year for the incentive component of the program; incentive based payments to providers will be phased out for 2015. Second, PQRS penalties, which began in 2013, will increase to 2 percent of revenues and will be fully phased in for 2015. Third, the new value-based payment modifier will be implemented in which large group practices are subject to an additional 2 percent penalty or up to a 2 percent incentive.
Wellcentive Ranks No. 124 in healthcare and No. 55 in Georgia
ATLANTA, Georgia — Wellcentive, the industry forerunner in end-to-end population health management (PHM) for healthcare organizations, announced today that it has been named to the 2014 Inc. 500|5000 list, an exclusive annual ranking of the fastest growing private companies in America. This prestigious list has become the hallmark of entrepreneurial success recognizing innovation, leadership and revenue growth.
Ranked 1,624 nationally, the Alpharetta, Georgia-based company reported a three-year revenue growth of 262 percent from 2010 to 2013 and more than doubling its staff, adding 57 new jobs. This substantial growth garnered Wellcentive the 124th place ranking in healthcare and 55th place ranking in Georgia. For more information about Wellcentive’s ranking on the 2014 Inc. 500|5000 list, visit http://www.inc.com/profile/wellcentive.
The dramatic shifts brought on by health reform, incentive-based quality programs, and the rising rates of chronic care conditions and costs drove rapid adoption of Wellcentive’s PHM solutions. Wellcentive enables healthcare organizations – health systems, physicians, accountable care organizations, health information exchanges, employer groups and payers – to drive improved financial, clinical, and human outcomes, by aggregating data across the continuum of care, applying analytics to identify and risk-stratify patients, and delivering action based workflow to proactively manage patient health and aggressively forecast and manage outcomes and costs for populations.
Pacific Northwest-based independent pediatricians group blazes new trail managing children’s health community-wide
ATLANTA — Wellcentive, the industry forerunner in end-to-end population health management (PHM) for healthcare organizations, proudly congratulates the Children’s Health Alliance (CHA) on being presented Health Data Management’s top honor for the Analytics All Stars Award for Population Health Project of the Year. The magazine’s inaugural recognition program showcases those organizations and individuals providing pioneering leadership, spurring innovation and driving improvement in the specialty area of healthcare data analytics from the calendar year 2013.
The Population Health Project of the Year Award recognizes CHA for using technology to address the broader scope of population health management (PHM). CHA is a not-for-profit association of 105 independent primary care pediatricians serving five counties in the Portland and Salem, Oregon, and Vancouver, Washington metropolitan areas.
“What set Children’s Health Alliance apart in the eyes of the judges was the extraordinary efforts made to tackle population health in a pediatric environment, which is a new frontier in PHM and analytics that few organizations have tried to tackle because of the enormous amount of effort it takes to customize the analytics technology and clinical protocols to address the unique needs of children,” said Greg Gillespie, editor-in-chief at Health Data Management. “This is true population health management: an effort that not only creates a technological safety net, but also builds links to other caregivers, families and the community.”
Pediatric-focused population health management solution’s unprecedented view of individual patients drives higher standard of care
ATLANTA–The Children’s Health Alliance, a not-for-profit association of clinically integrated, independent primary care pediatricians, has selected Wellcentive’s suite of population health management solutions and services to support its clinical quality improvement and high-function medical home programs caring for pediatric patients with complex medical conditions.
The implementation of the Wellcentive solution, which will be extended to The Alliance’s more than 100 pediatricians across five counties in the Portland and Salem, Oregon, and Vancouver, Washington metropolitan areas, will provide an unprecedented view into a broader range of data affecting the health of their patients. Wellcentive will aggregate clinical data from specialists and other outside providers and services as well as information from claims through payers, helping pediatricians to proactively engage with their patients and coordinate continuity of care more effectively.
Former CFO of Vocalocity and The Weather Channel brings high growth technology and media expertise to population health management leader
Atlanta, Ga.– Wellcentive, the industry leader in end-to-end population health management (PHM) and transformative data analytics for healthcare organizations, announced today that Patrick Clark, a senior executive with a proven track record of building and leading high-performing organizations, has joined as its Chief Financial Officer. Clark will oversee the company’s financial, administrative, business planning, human resources and legal functions.
“Over the past year Wellcentive has undergone rapid customer, product and business growth, and we are thrilled to have Pat join our team supporting the continued acceleration of our execution, scale and innovation,” said Tom Zajac, Wellcentive’s CEO. “Pat’s strategic and financial acumen and building of exceptionally successful media and technology businesses comes at a pivotal time in our company’s history. We look forward to leveraging his vast experience as we rapidly build value for our customers and investors.”
Wellcentive positioned as a leading population health management solution by independent research firms for the third time in nine months
Atlanta, Ga.– Wellcentive, the industry forerunner in end-to-end population health management (PHM) and transformative data analytics for healthcare organizations, was named a Leader in IDC Health Insights’ new report, “IDC MarketScape: U.S. Population Health Management 2014 Vendor Assessment.“* The report’s positioning of Wellcentive marks the third time in nine months the company has earned leadership recognition in independent analyst reports examining vendors in the PHM market space, following KLAS Enterprises and Chilmark Research.
“It’s gratifying to have the breadth and quality of our comprehensive population health management solution validated by another top analyst organization,” said Tom Zajac, Wellcentive’s CEO. “We couldn’t be more pleased with our placement in the IDC MarketScape Report; these results reinforce Wellcentive’s position as a market-leading solution in one of the most critical areas of focus in today’s healthcare industry.”
Summit Partners leads financing round, with participation by Noro-Moseley Partners and Harbert Venture Partners investment, to strengthen company’s position as leader in the population health management market
Atlanta, GA and Boston MA — Wellcentive, a leading provider of population health management SaaS solutions to health organizations, announced today that it has received a growth capital minority investment from three leading equity firms. The financing was led by Summit Partners and included participation from Wellcentive’s two founding investors, Noro-Moseley Partners and Harbert Venture Partners. Wellcentive will use the funding to continue product innovation, broaden market awareness and thought leadership, and expand its sales and transformational services capabilities.
Since 2005, Wellcentive has focused exclusively on delivering physician-facing, population health management, data analytics solutions and services that enable physicians, health systems and payers to better manage the care they deliver. Specifically, Wellcentive’s cloud-based and highly scalable Advance(TM) solution provides industry-leading point of care workflow, care gap analysis, automated patient outreach, outcomes reporting, predictive modeling and risk assessment, care management and coordination, and cost and utilization management capabilities.