Health Plans Can Now Unlock Their Provider Network Performance for Affordable Care
PHILADELPHIA--(BUSINESS WIRE)-- Portico Systems, the leader in Integrated Provider Management (IPM) solutions, today announced the launch of Portico 9.0, the newest version of its IPM platform. The platform enables health plans to simplify the design, maintenance, reimbursement, and performance management of provider networks while facilitating provider-patient collaboration.
Insurance reform and continued market pressure for a more competitive, higher quality and cost effective health system are resulting in a transformation of the plan-to-provider relationship. In order to create an affordable care promise, plans are leveraging provider networks as building blocks for the creation of value-based products, performance-based contracts and quality-based payment programs.
Leading plans recognize that future success is contingent on providing unique medical and economic value to each customer segment. As a result, plans are investing in provider management capabilities to innovate how they design networks for care, contract for care and pay for the value of care. By implementing these changes, plans are targeting a 25-35 percent decrease in administrative costs, 10-20 percent increase in provider satisfaction and 1-5 percent improvement in network performance.
“This release of our IPM platform enables our customers to unlock the performance of their provider networks while significantly lowering administrative and medical costs,” said Ned Moore, chairman and CEO of Portico Systems. “Our customers are already leveraging this platform to increase their value to the group and individual markets. With this platform our customers can confidently advance product, care and payment innovation.”
For more information on Portico, please visit www.porticosys.com, subscribe to the RSS feed at http://blog.porticosys.com, and follow the company on Twitter at @porticosys and Facebook at http://www.Facebook.com/porticosys. Visit us at Booth #713 at AHIP, June 15-17, 2011 in San Francisco.
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About Portico Systems
Portico Systems’ innovative solutions enable health plans to reduce administrative, medical and IT costs. Portico’s exclusive focus on provider operations and 500+ staff-years of provider experience has allowed Portico to design the only modular end-to-end provider platform. Portico invites you to explore our website (www.porticosys.com) to learn how our commitment to customer service, quality and technology innovation can accelerate the evolution of your health plan’s provider operations. Portico Systems is a partner company of Safeguard Scientifics, Inc. (NYSE: SFE) www.safeguard.com.
Portico Systems is a registered trademark of Portico Systems. All other brand names and product names are trademarks or registered trademarks of their respective companies.
Marjaneh Ravai, media relations for Portico Systems
Director of Marketing Communications
Email: [email protected]
Business Development Contact:
Vice President of Business Development
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INDUSTRY KEYWORDS: Technology Data Management Software Health Professional Services Insurance Managed Care