Accenture has teamed up with health data analytics company Loopback Analytics in an initiative to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement (BPCI) Advanced program.
“BPCI-Advanced represents a rare opportunity for health systems to receive detailed claims data from CMS to help optimize post-acute networks and inform value-based care initiatives,” Neil Smiley, CEO of Loopback Analytics, said in a statement. “This collaboration will support providers as they make the transition to alternative payment models and value-based care.”
The initiative combines Accenture’s data-driven consulting services with Loopback’s analytics platform, enabling providers to evaluate the economic impact of bundled payment participation across 32 clinical episodes, as defined by the Centers for Medicare & Medicaid Services (CMS). The partnership aims to provide organizations with insights to evaluate the impact of participation across CMS-defined clinical episodes, comparing local and national benchmarks for practice patterns, episode costs and clinical performance.
In addition to helping support health systems that participate in value-based care models, Accenture and Loopback Analytics will help health systems identify and improve clinical variation, leading to cost efficiency and more consistent outcomes. Leveraging Loopback’s platform, Accenture will provide clients with analysis of their clinical performance and targeted recommendations to improve clinical processes.
“In an increasingly competitive market, health systems face mounting pressure to improve services and outcomes while achieving cost efficiency across care settings,” Gerry Meklaus, managing director at Accenture, said. “Our collaboration with Loopback Analytics aims to identify where providers can reduce clinical variation while achieving stronger performance in their value-based contracts.”
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