Altarum launches new company focused on value-based care era

Listen
Text
  • Small
  • Medium
  • Large

Altarum, a healthcare research and consulting organization, launched a new company to provide value-based reimbursement solutions and services.

Payformance Solutions offers providers and payers solutions and services "to design, evaluate, build, measure and negotiate" value-based reimbursement contracts, Altarum said. This includes analytics, reporting and payment optimization solutions for payers, as well as tools focused on value-based reimbursement programs for providers.

"The health system's evolution towards value-based care provides all stakeholders with a valuable opportunity to better align reimbursement with patient outcomes," said Lincoln Smith, Altarum president and CEO. "Through our investment in Payformance Solutions, Altarum is at the forefront of driving this much-needed transformation by helping payers and providers evaluate and implement the alternative payment models that will enable them to produce better outcomes and lower costs for patients."

 

More articles on healthcare finance:

Mayo Clinic's operating income more than doubles
Hospital groups, health systems sue HHS to halt $1.6B in payment cuts
Shuttered Tennessee hospital needs patients to pay up to cover $40k in past-due wages

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars