P3 Health Partners Forms Strategic Partnership with Innovaccer to Drive Value-Based Care and Patient Experience
July 09 2024 - 9:00AM
Business Wire
P3 Health Partners will utilize Innovaccer’s
Healthcare AI Platform for personalized interventions, improved
outcomes, and cost-effective healthcare delivery for their
patients.
Innovaccer Inc., a leading healthcare AI company, announced a
new strategic partnership with P3 Health Partners, (NASDAQ: PIII),
a patient-centered, physician-led population health management
company revolutionizing care delivery for Medicare patients. This
partnership marks a significant milestone in advancing value-based
care initiatives aimed at improving patient outcomes, optimizing
costs, and enhancing the patient and clinician experience.
P3 Health Partners is well-known for its innovative healthcare
delivery model, which empowers physicians, hospital systems,
specialists and practices in their journey from traditional
volume-based models to value-based systems of care and wellness. P3
focuses on preventive care and cost management, striving to enhance
the quality of care for patients while reducing overall healthcare
expenditure.
"Our strategic partnership with Innovaccer accelerates our
ability to empower providers with the necessary tools and data
needed to better serve and support patients,” said Dr. Aric
Coffman, CEO of P3 Health Partners. “Through the Innovaccer
Healthcare AI Platform we will further reduce time spent on
administrative tasks for our providers, enhance our data
integration and analytics to better serve our payer partners,
improve the quality of the care patients receive, and better manage
costs across the continuum of care.”
P3 Health Partners sought an advanced AI analytics and data
platform that could unify, aggregate, and normalize clinical and
claims data from disparate health plans, EHRs, health IT systems,
and community sources to ensure consistent reporting across their
five regions. Powered by Innovaccer’s Healthcare AI Platform, P3
will leverage InNote, Innovaccer’s EHR-agnostic physician
engagement solution, to close coding and care gaps seamlessly at
the point of care. Additionally, P3 will utilize Innovaccer’s
population health analytics suite to achieve quality and cost
goals, and Innovaccer’s patient engagement solution to drive
omnichannel patient outreach to improve the patient experience.
"P3 is a true leader in population health management. Their
patient support team provides tools and resources that prevent and
manage illness, empowering patients to take steps to improve their
own health,” said Abhinav Shashank, co-founder and CEO of
Innovaccer. “With Innovaccer’s Healthcare AI Platform, P3 can free
their providers from time-consuming administrative tasks to focus
on providing exceptional care to patients and communities. We’re
thrilled to partner with P3 to elevate the patient and provider
experience.”
About Innovaccer
Innovaccer is the data platform that accelerates care innovation
through innovative AI technologies. Innovaccer ’s AI-powered
healthcare platform unifies patient data across systems and care
settings and empowers healthcare organizations with scalable,
modern applications that improve clinical, financial, operational,
and experiential outcomes. Innovaccer ’s EHR-agnostic solutions
have been deployed across more than 1,600 hospitals and clinics in
the US, enabling care delivery transformation for more than 96,000
clinicians, and helping providers work collaboratively with payers
and life sciences companies. Innovaccer has helped its customers
unify health records for more than 54 million people and generate
over $1.5 billion in cumulative cost savings. The Innovaccer
platform is an industry-leading data and analytics platform, the
Best in KLAS CRM solution, and the #1 rated population health
technology platform by Black Book. For more information, please
visit innovaccer.com.
About P3 Health Partners (NASDAQ: PIII)
P3 Health Partners Inc. is a leading population health
management company committed to transforming healthcare by
improving the lives of both patients and providers. Founded and led
by physicians, P3 has an expansive network of more than 2,900
affiliated primary care providers across the country. Our local
teams of health care professionals manage the care of thousands of
patients in 27 counties across five states. P3 supports primary
care providers with value-based care coordination and
administrative services that improve patient outcomes and lower
costs. Through partnerships with these local providers, the P3 care
team creates an enhanced patient experience by navigating,
coordinating, and integrating the patient’s care within the
healthcare system. For more information, visit www.p3hp.org and
follow us on LinkedIn and Facebook.com/p3healthpartners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240709207533/en/
Arushi Awasthi Innovaccer Inc. arushi.awasthi@innovaccer.com
415-462-2139
P3 Partners (NASDAQ:PIII)
Historical Stock Chart
From Oct 2024 to Nov 2024
P3 Partners (NASDAQ:PIII)
Historical Stock Chart
From Nov 2023 to Nov 2024