UPMC Invests in Value-Based Healthcare | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

UPMC Invests in Value-Based Healthcare

March 24, 2015
by Gabriel Perna
| Reprints

The University of Pittsburgh Medical Center (UPMC) has announced its investing in Health Fidelity, a San Mateo, Calif.-based company which produces analytics-based dashboards and other technologies that calculate risk for value-based healthcare initiatives.

The investment, for an undisclosed amount, comes after UPMC deployed Health Fidelity’s risk adjustment analytics platform for its health plan in 2014. The company plans to use the investment to introduce more risk adjustment and value-based software platforms to the market.

“By collaborating with the clinical and technology experts at UPMC, Health Fidelity is able to offer the most comprehensive, scalable solution on the market for perfecting the risk adjustment cycle,” stated Mary Beth Jenkins, senior vice president of UPMC Health Plan and UPMC WorkPartners. “It’s an innovative technology that has delivered measurable results to UPMC Health Plan, seamlessly integrating with existing risk adjustment processes to deliver results while improving compliance and process efficiencies.”

UPMC is no stranger to strategic investments. The organization has invested in other companies with which it had a previous relationship with, including Healthcare Informatics’ Up-and-Comer, Evolent Health. Evolent, which helps organizations manage populations with technology that was originally developed at UPMC, got $100 million from the organization as well as other investors.   

 

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

ONC Roundup: Senior Leadership Changes Spark Questions

The Office of the National Coordinator for Health IT (ONC) has continued to experience changes within its upper leadership, leading some folks to again ponder what the health IT agency’s role will be moving forward.

Media Report: Walmart Hires Former Humana Executive to Run Health Unit

Reigniting speculation that Walmart and insurer Humana are exploring ways to forge a closer partnership, Walmart Inc. has hired a Humana veteran to run its health care business, according to a report from Bloomberg.

Value-Based Care Shift Has Halted, Study Finds

A new study of 451 physicians and health plan executives suggests that progress toward value-based care has stalled. In fact, it may have even taken a step backward over the past year, the research revealed.

Study: EHRs Tied with Lower Hospital Mortality, But Only After Systems Have Matured

Over the past decade, there has been significant national investment in electronic health record (EHR) systems at U.S. hospitals, which was expected to result in improved quality and efficiency of care. However, evidence linking EHR adoption to better care is mixed, according to medical researchers.

Nursing Notes Can Help Predict ICU Survival, Study Finds

Researchers at the University of Waterloo in Ontario have found that sentiments in healthcare providers’ nursing notes can be good indicators of whether intensive care unit (ICU) patients will survive.

Health Catalyst Completes Acquisition of HIE Technology Company Medicity

Salt Lake City-based Health Catalyst, a data analytics company, has completed its acquisition of Medicity, a developer of health information exchange (HIE) technology, and the deal adds data exchange capabilities to Health Catalyst’s data, analytics and decision support solutions.