St. Vincent’s Health Partners (SVHP), an independent physician-hospital organization (PHO), has chosen two new McKesson solutions to help its organization manage the health of high-risk populations in its southwest Connecticut community.
The solutions are part of McKesson’s recent acquisition of MedVentive, a leading provider of population and risk management tools that help drive transparency in healthcare cost and quality. The technology will enable high-quality analytics, real-time feedback at the point-of-care and the ability to coordinate care across settings.
In addition, the McKesson solutions will enable SVHP to pursue new forms of reimbursement. Those reimbursement models share cost savings with providers who deliver better care at lower cost. SVHP will be the first PHO in Connecticut to accept these kinds of payor contracts.
“These new capabilities will help position us to deliver the best possible outcomes for our patient population while maintaining our organization’s profitability,” said Dr. Thomas A. Raskauskas, SVHP president and chief executive officer. “Because the technology was designed with the end user in mind, it’s also easy for physician offices to use and navigate.”
SVHP’s decision to transition to a more risk-bearing model is a pivotal step for their organization as health reform unfolds. Assisting healthcare organizations to improve information-sharing and manage risk are core components of McKesson’s Better Health 2020 strategy. Better Health 2020 is designed to enable McKesson’s healthcare partners to address complex challenges as the industry evolves.
“The McKesson suite will enable us to reduce costs and improve better care delivery, including reduced redundancy in labs and radiology, improved medication regimens, fewer hospital readmissions, and more appropriate use of the emergency room,” Raskauskas added.
SVHP is jointly owned and governed by physicians and St. Vincent’s Medical Center. The organization will use McKesson Population Manager and McKesson Risk Manager to help serve their mission to offer the highest quality care in the most appropriate setting for an improved patient experience.
“With the addition of the MedVentive product suite, we are even more committed to helping organizations like St. Vincent’s Health Partners maximize the value of core systems by helping to streamline workflows and improve point-of-care decision management,” said Chris Bauleke, president, population management, McKesson Technology Solutions. “We look forward to working closely with SVHP to support their providers as they tackle shared-savings models and drive meaningful improvements in patient care.”