Chicago, Ill. – May 8, 2013 –
Valence Health, a leading supplier of population management, clinical integration and value-based care solutions, today announced it was selected by Quality Health Solutions, Inc. (QHS) to provide population health management and clinical integration solutions. QHS is an organization formed to support seven health care systems and the Medical College of Wisconsin who are working together as a virtual health care network to launch an accountable care strategy and other health care initiatives.
“We’re excited to be partnering with Valence Health to further our goals of clinical integration and population health management,” said Peter Pruessing, CEO of QHS. “We reviewed several possible partners and chose Valence Health because they have a proven track record of leading clients using their robust software solutions to increase quality of care. Their pragmatic and efficient data gathering methodology will quickly allow us to integrate both our employed and independent physicians across all seven health systems.”
QHS represents 28 hospitals in Wisconsin, Michigan’s Upper Peninsula and northern Illinois, 4,000 affiliated physicians and combined net revenue of nearly $6 billion. Through a common technology platform and other initiatives, QHS seeks to drive the necessary collaboration to standardize quality and drive down health care costs across all care settings within its member organizations. With help from Valence Health, QHS member providers – who would otherwise operate independently – will become fully clinically integrated, adhere to common quality standards and be linked by a common clinical information platform to control costs and ensure high quality care. Once integrated, providers across the service area will have access to a patient’s complete history for services he or she received at any provider within the network – an important knowledge base for providing best possible care.
“QHS is at the forefront in redefining how care is delivered, measured and paid for in this country,” said Valence Health CEO Phil Kamp. “They have a strong vision for population management and clinical integration. We look forward to being a close partner as QHS explores initiatives along cost and quality dimensions and additional options for value-based payments.”
Under the agreement, Valence will provide QHS both the Valence VISION and vQuest solutions. As such, data from more than 50 practice management and hospital information systems and dozens of EMRs will be combined with lab, prescription and other data sources, to provide a comprehensive clinical viewof patients supported by QHS members. Once operational, the system will allow care providers and coordinators to identify customized patient populations based on combinations of clinical information–such as conditions, gaps in care per evidence-based guidelines, lab results, vitals and more. At the same time, Valence collects, aggregates, and analyzes financial information, giving providers a broad and detailed view to the cost of defined populations which enhances the ability of providers to be accountable for the care they provide.
About Valence Health:
Valence Health is among the nation’s leading companies in helping healthcare providers better manage their patient populations and accept financial responsibility for the quality of the care they provide. With unique data collection and analysis tools, Valence Health has emerged as a leader in population management, serving dozens of clients from small physician groups to Cleveland Clinic. At the same time, in-depth actuarial analysis combined with operational excellence allows Valence to not only advise but also provide ongoing services to provider organizations operating under various value-based reimbursement models. From risk-based contracting to accountable care organizations (ACOs) to administering provider-sponsored health plans, Valence has been helping providers appropriately accept and manage financial responsibility while improving clinical quality since 1996. With headquarters in Chicago, and three other office locations, Valence Health helps manage the health of more than 13 million patients nationwide. For more information visit www.valencehealth.com
About Quality Health Solutions:
Quality Health Solutions, Inc. (QHS), represents 28 hospitals in Wisconsin, Michigan’s Upper Peninsula and northern Illinois, 4,000 affiliated physicians and a combined net revenue of nearly $6 billion. Network members include Agnesian Healthcare, Fond d u Lac; Aspirus, Wausau; Bellin Health, Green Bay; Centegra Health System, McHenry, Ill.; Columbi a St. Mary’s, Froedtert Health and the Medical College of Wisconsin, and Wheaton Franciscan Health care. QHS mission is to empower the necessary collaboration to standardize quality and drive down health care costs across all care settings within its member organizations. Formed in 2005, and headquartered in Brookfield, WI, QHS has a fully developed team of clinical, technology, operational and financial experts.