KING OF PRUSSIA, Pa., Sept. 15, 2014 /PRNewswire/ - HealthQx, a company that analyzes big data to uncover the best healthcare values in terms of quality and efficiency, today announced a strategic partnership with the Healthcare Incentives Improvement Institute (HCI3), an industry leader in the shift from fee-for-service healthcare to value-based payments.
HealthQx will imbed HCI3's ECR Analytics® and PROMETHEUS Payment® rules engine and clinical logic into its ClarityQx software.
HCI3's ECR Analytics® and PROMETHEUS Payment® are designed to measure the quality of patient care and reduce Potentially Avoidable Complications (PACs). The reduction of PACs is essential to establishing the pools of incentive funding in value-based payment models like Bundled Payments – and to the success of new healthcare delivery models like the Accountable Care Organization (ACO).
According to Bill Conlan, COO of HealthQx, "We are excited to leverage HCI3's clinical logic and expertise to help accelerate the change to value-based payments. Our unique combination of national big data combined with leading-edge analytics in ClarityQx, makes bundled payments truly viable and scalable for payers and providers."
Francois de Brantes, Executive Director of HCI3, explained that, "provider organizations and payers need far better insights to reduce unwarranted variation and improve quality and affordability of health care. That's why we're happy to partner with HealthQx and support them in the development of HCI3-certified solutions."
HealthQx HCI3-certified solutions will be available at the end of 2014.
HealthQx delivers SaaS, data-driven solutions to payers, providers and partners who are on the leading edge of the shift from fee-for-service to transparent, value-based healthcare.
To learn more about HealthQx, visit www.healthqx.com
About Healthcare Incentives Improvement Institute (HCI3)
The Health Care Incentives Improvement Institute, Inc. (HCI3) is a not-for-profit, multi-stakeholder umbrella organization for Bridges to Excellence® and PROMETHEUS Payment®. The mission of the organization is to create significant improvements in the quality and affordability of health care by developing and implementing programs that recognize and reward physicians, hospitals and other healthcare providers that deliver safe, timely, effective, efficient, equitable and patient-centered care. To learn more about HCI3, visit www.hci3.org
ECR Analytics®, PROMETHEUS Payment® and Bridges to Excellence® are registered trademarks of HCI3.