Healthcare data and analytics company Innovaccer has announced a partnership with population health management company P3 Health Partners. Innovaccer touts that its healthcare data analytics aid practices in providing value-based care by giving them insights into patients’ clinical and financial outcomes while P3 Health Partners says its working to expand value-based care models in practices across the country.
P3 Health Partners provides administrative services for over 2,900 providers across five states and care navigation services for Medicare Advantage patients in those practices. According to its website, P3 Health Partners works to facilitate community healthcare services and resources by partnering with community organizations in Arizona, California, Florida, Nevada and Oregon. P3 Health Partners reported a 29% year-over-year increase in total and gross revenue in Q1 2024.
While P3’s mission is to relieve providers of administrative burdens and optimize outreach to patients, Innovaccer will add the ability to coalesce health records across payers, plans and organizations and provide more holistic insights on patients.
P3 Health Partners will utilize Innovaccer’s Healthcare AI Platform including its products InNote for providing insights at the point of care, its population health analytics suite and its patient engagement solution.
"Our strategic partnership with Innovaccer accelerates our ability to empower providers with the necessary tools and data needed to better serve and support patients,” Aric Coffman, CEO of P3 Health Partners, said in a statement. “Through the Innovaccer Healthcare AI Platform we will further reduce time spent on administrative tasks for our providers, enhance our data integration and analytics to better serve our payer partners, improve the quality of the care patients receive, and better manage costs across the continuum of care.
Innovaccer serves 96,000 individuals across payers, providers and life sciences companies through its analytics capabilities, intelligent applications and data integrations with IT systems, electronic health records, payers and health information exchanges.
"P3 is a true leader in population health management. Their patient support team provides tools and resources that prevent and manage illness, empowering patients to take steps to improve their own health,” Abhinav Shashank, co-founder and CEO of Innovaccer, said in a statement. “With Innovaccer’s Healthcare AI Platform, P3 can free their providers from time-consuming administrative tasks to focus on providing exceptional care to patients and communities. We’re thrilled to partner with P3 to elevate the patient and provider experience.”