A decade of expertise qualifies Wellcentive to help providers meet the federal government’s aggressive timeline for the shift to value-based healthcare
ATLANTA, Georgia—February 24, 2015
Wellcentive, the industry leader in end-to-end population health management, celebrates its 10-year anniversary this month as a pioneer in delivering solutions that optimize value-based care delivery and reimbursement. Wellcentive credits its longevity to its singular focus on transforming population health, its outstanding and collaborative team of clinical, technology and service experts, and its partnership with its customers.
“I am proud to lead a company that has so accurately anticipated the needs of care teams and health systems to improve the efficiency and effectiveness of patient care,” said Tom Zajac, Wellcentive’s CEO. “Our company was a pioneer in developing solutions that enable quality improvement, revenue management, and process transformation throughout the continuum of care, and we will continue to provide that level of innovation for healthcare providers and their patients. We owe our success to our leaders, our employees and our loyal clients who believed in our vision of helping patients achieve life-long health.”
Wellcentive was founded in 2005 by practicing internal medicine physician, Paul Taylor, M.D., and healthcare technologist, Mason Beard. Frustrated by the difficulty of managing pay-for-performance (P4P) initiatives and regulatory reporting using spreadsheets and other manual techniques, Dr. Taylor teamed with Beard to create solutions to help physician practices not only streamline their participation in P4P programs but also improve the quality of the care they provide.
“Compared to a decade ago, the number of value-based initiatives that providers have to juggle and the amount of risk they are being asked to assume is astounding,” said Dr. Taylor, who still practices medicine while serving as Wellcentive’s chief medical information officer. “Physician organizations need a solution that enables efficient management of multiple concurrent quality programs with varying objectives and outcomes of interest, and then helps them proactively take action to improve the care of the patients they serve.”
Given the U.S. Department of Health and Human Services (HHS)’s recently announced ambitious timeline, providers can no longer ignore the industry’s shift to value-based reimbursement. Any provider with a Medicare population must be prepared for value-based purchasing within the next three years. HHS announced its intention that 90 percent of traditional fee-for-service Medicare payments will be tied to quality driven, value-based reimbursement models by 2018.
“It has been extremely rewarding to witness the impact Wellcentive has made in the market and to help drive the success of this impressive team and company,” said Mason Beard, Wellcentive’s chief product officer. “We have grown to the point where we have providers in all 50 states and Puerto Rico who are using Wellcentive solutions to proactively manage the care for over 30 million people leveraging data received using over 3,000 interfaces exchanging data at a rate of more than 1.3 billion data points per month. We’ve come a long way, and I am very proud of our team.”
Wellcentive’s solutions currently help physician organizations and health systems nationwide participate in accountable care organizations (ACOs), patient centered medical homes (PCMHs), PQRS, DSRIP and other value-based incentive programs. Providers use Wellcentive to improve chronic and preventive care, decrease readmission rates, better engage patients and physicians, institute nurse navigator programs to monitor high-risk patients, and manage multiple value-based contracts with employers and insurers.
The company has distinguished itself as a trailblazer in helping customers realize tangible results through population health management and value based care processes. In industry analyst KLAS’s latest report on population health management, 89 percent of Wellcentive’s clients claimed that they “realized tangible benefits” through the use of the company’s solutions.
Built from the ground up to help customers improve clinical, financial and human outcomes, Wellcentive’s population health management technology is cloud-based, scalable, and customized to meet the needs of providers, health organizations and payers. Wellcentive’s technology, insight and services help care teams measure and report performance and implement actionable workflow to drive value-based reimbursement and the transition from volume to value. Wellcentive has gained recognition as a leader in population health management in reports recently released by IDC Health, KLAS and Chilmark. Wellcentive aggregates data from more than 3,000 interfaces, and its solutions improve outcomes for over 30 million lives. Visit www.wellcentive.com; follow us on Twitter, LinkedIn and Facebook; or call 877-213-8456 to learn more.