At MGMA conference, health tech leaders announce joining forces to enable medical groups to succeed in value-based care, ACOs and MACRA programs
SAN FRANCISCO–CareCloud, the platform for high-growth medical groups, today announced a partnership with Lightbeam Health Solutions to integrate population health management tools and data analytics into CareCloud’s clinical platform. With tools built directly into CareCloud’s electronic health record (EHR) and practice management (PM) systems, the solution will help accountable care organizations (ACOs), physician groups and independent practices to gain insights into patient populations, coordinate care, control utilization and improve clinical outcomes all while lowering costs. Lightbeam’s population health management work helped ACOs deliver $83.8 million in shared savings last year alone.
“Medical groups know the future is in value-based care programs,” said Ken Comée, CEO of CareCloud. “There’s no denying that the transition to payments based on outcomes is complicated. Our community of high-performance medical practices needs a solution that is quick to set up and easy to roll out across physicians in multiple facilities. Lightbeam, with their repeated, demonstrated success in this new payment landscape, will be the perfect partner to help our clients outperform.”
CareCloud’s application platform will be at the core of this partnership, aggregating varied sources of health data to ensure that clinicians have access to a complete patient record and can make quality decisions based on all the relevant information. Building upon open technology standards and with the unique capability to connect easily with external applications, CareCloud will enable medical group clients to analyze vast data sets and identify at-risk patients and those in need of proactive intervention across multiple providers and facilities.
“Lightbeam is pleased to partner with CareCloud to better enable providers to access actionable patient information at the point of care,” said Pat Cline, CEO of Lightbeam. “With this CareCloud partnership, we will deliver a solution that will allow providers to take advantage of new payment methodologies and improve financial outcomes by improving quality and lowering costs for patient populations under value-based payment models.”
Medical groups interested in learning more about CareCloud’s plans for population health management can visit booth #817 at the Medical Group Management Association’s (MGMA) Annual Conference in San Francisco from October 31 to November 2, or they can visit www.carecloud.com.
CareCloud is the leading provider of cloud-based revenue cycle management, practice management (PM), electronic health record (EHR) and patient engagement solutions for high-performance medical groups. Through its flexible open platform, CareCloud helps clients increase profitability, streamline workflow and improve patient care nationwide. The company currently manages more than $4 billion in annualized accounts receivable on behalf of its revenue cycle management clients. To learn more about CareCloud, visit www.carecloud.com.
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a revolutionary model for managing patient populations and associated risk. Lightbeam’s vision is to bring health data into the light through the use of analytics and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Lightbeam’s platform facilitates end-to-end population health management for ACOs, Payers, Provider Groups, Health Systems and other healthcare organizations aspiring to provide superior care at a lower cost. For more information, visit www.lightbeamhealth.com.