Cerner And NaviHealth Extend Partnership, Boost EHR Service
Zacks Investment Research | Apr 14, 2019 10:26PM ET
In a bid to strengthen its position in the growing field of post-acute care management, Cerner Corporation (NASDAQ:CERN) recently extended its existing relationship with naviHealth. This latest alliance is aimed at developing a new offering for Medicare’s Bundled Payments for Care Improvement Advanced program (BPCI Advanced).
The new service will lend healthcare providers an opportunity to participate actively in the BPCI Advanced program. This value-based care electronic health record-agnostic (EHR) solution is anticipated to aid and benefit health care providers by facilitating a cost-effective and an accessible health care, solely focusing on the patient.
A Few Details About BPCI Advanced
A new voluntary episode payment model — Bundled Payments for Care Improvement Advanced — announced by The Centers for Medicare & Medicaid Services (CMS) Center for Medicare and Medicaid Innovation will test a new iteration of the bundled payments for 32 Clinical Episodes. The main objective of this program is to properly arrange incentives among the participating health care providers that will lower expenditures while enhancing the quality of care for Medicare beneficiaries and reducing waste for the health systems as well as providers.
Under this program, participants can receive an additional payment if all the costs for an episode of care are less than a benchmark price, discounted by 3%. If they cross the benchmark, the providers would have to repay up to 20% of the excessive costs to Medicare.
Cerner and naviHealth Partnership at a Glance
Over the last five years, the two companies have been working toward simplifying electronic workflows for post-acute discharge. Earlier this year, Cerner launched a new operating model that is believed to be a breakthrough in terms of innovation, which will shape health care in the future.
With this recent collaboration, these two leading entities will jointly acknowledge a particular area of health care that has ample scope for improvement, modernization, reimbursement models and the required shift to a value-based care.
Notably, Cerner and naviHealth hope to unveil this offering with the initial focus on the next CMS introduction of the program in January 2020.
The new partnership is likely to prove beneficial in terms of achieving better health experiences and outcomes plus also enhance the success of both companies’ respective clients. Moreover, the combination of the two companies’ operational, technological and clinical experience and solutions with Cerner’s big data platform will help make this joint offering extremely unique in this space.
EHR Gaining Popularity in Healthcare
Get The News You Want
The latest trend of EHR services in the U.S. MedTech space has been gaining prominence. In this regard, it is imperative to mention that Cerner has been dominating the headlines, courtesy of efforts to digitize EHR systems.
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