Innovative Program to Help Rural Providers Transition to Value-Based Care
KANSAS CITY, MO (January 10, 2017): Caravan Health is pleased to announce an exciting new partnership with healthcare solutions leader CPSI (NASDAQ: CPSI). Caravan Health will be partnering with CPSI in the creation of the CPSI Rural Accountable Care Organizations (“ACOs”).
As the market leader in rural ACOs and value-based payments, Caravan Health is a perfect fit to help CPSI bring its leadership and experience in providing healthcare solutions to the value-based arena.
Caravan Health’s CEO, Lynn Barr, sees the benefits of the CPSI Rural ACOs. “Over the years, CPSI has shown that they understand the sense of pride a community has in its hospital,” said Barr. “They also know the unique challenges that providers must overcome on their path to providing value-based care. We are proud to be partnering with CPSI to bring this great opportunity to the community marketplace.”
Boyd Douglas, president and CEO of CPSI, is equally enthusiastic about the new partnership: “Finding the right partner to bring the CPSI Rural ACOs to fruition was vital to the success of our clients. Caravan Health has a proven track record in the rural ACO space with 23 successful Medicare Shared Savings Programs in 32 states. This partnership allows us to address the specific needs rural providers face as they begin their transition to value-based care.”
Data published in 2015 by the Centers for Medicare & Medicaid Services showed that Caravan Health achieved shared savings 257% greater than the national average with an aggregate quality score of 96.8%. This was accomplished through the passion of rural providers for their communities, combined with the infrastructure and tools needed for rural facilities to be successful in the ACO setting. The Caravan Health program allows physicians to focus on treating their patients instead of dealing with administrative paperwork. When combined with the solutions offered by CPSI, this partnership will help communities live healthier, more vibrant lives by leveraging both companies’ collective strengths.
CPSI is a leading provider of healthcare solutions and services for community hospitals plus other healthcare systems and post-acute care facilities. Founded in 1979, CPSI is the parent of four companies – Evident, LLC, TruBridge, LLC, Healthland Inc., and American HealthTech, Inc. Our combined companies are focused on helping improve the health of the communities we serve, connecting communities for a better patient care experience, and improving the financial operations of our customers. Evident provides comprehensive EHR solutions and services for community hospitals. TruBridge focuses on providing business, consulting, and managed IT services along with their RCM product Rycan, providing revenue cycle management workflow and automation software to hospitals, other healthcare systems, and skilled nursing organizations. Healthland provides integrated technology solutions and services to small rural and critical access hospitals. American HealthTech is one of the nation’s largest providers of financial and clinical technology solutions and services for post-acute care facilities. For more information, visit www.cpsi.com, www.evident.com, www.trubridge.com, www.healthland.com, www.healthtech.net or www.rycan.com.