Innovaccer and P3 Health Partners collaborate on value-based care for Medicare patients

What you should know:

– Innovaccer Inc., an artificial intelligence in healthcare company, and P3 Health Partners (NASDAQ: PIII), a patient-centric population health management company, today announced a strategic partnership focused on revolutionizing healthcare for Medicare patients.

– By leveraging AI and data-driven insights, Innovaccer and P3 Health Partners aim to transform healthcare for Medicare patients, leading to better outcomes, cost optimization, and a more positive experience for both patients and providers.

P3 Health Partners: A champion of value-based healthcare

P3 Health Partners is known for its innovative approach to healthcare. The company helps physicians, hospitals and healthcare providers transition from traditional volume-based models to value-based systems that prioritize patient well-being. P3’s focus on preventive care and cost management aims to improve the quality of patient care while reducing overall healthcare spending.

Standardizing data for better care management

To ensure consistent reporting across all five regions, P3 Health Partners sought an advanced AI analytics and data platform. Innovaccer’s Healthcare AI Platform delivers the solution. P3 will leverage the platform’s capabilities to:

• Unify, aggregate and normalize clinical and performance data from various sources such as health plans, electronic health records (EHRs), health IT systems, and community sources.
• Closing coding and care gaps seamlessly at the point of care with InNote, Innovaccer’s EHR-agnostic physician engagement solution.
• Achieve quality and cost targets by leveraging Innovaccer’s Population Health Analytics suite.
• Promote patient engagement across all channels to improve the patient experience with Innovaccer’s patient engagement solution.

“P3 is a true leader in population health management. Their patient care team provides tools and resources that prevent and treat disease and empower 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 its providers from time-consuming administrative tasks so they can focus on delivering exceptional care to patients and communities. We are thrilled to partner with P3 to improve the patient and provider experience.”