Articles from Innovaccer Inc.

Innovaccer Inc., a leading healthcare AI company, today announced a $275M Series F funding round. The round was a combination of primary and secondary, and includes participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12.

Innovaccer Inc. today announced that its ACO customers participating in the Medicare Shared Savings Program (MSSP) generated $1.03 billion in total savings for Performance Year 2023, with organizations earning more than $636 million in shared savings payments. The Innovaccer ACO customers achieved $524 in savings per member per year (PMPY), significantly higher than the earned savings rate for non-Innovaccer ACOs per Medicare beneficiary.

Today, Innovaccer Inc. and PCC announced the release of the Primary Care Collaborative's (PCC) 2024 Evidence Report, "Primary Care: The MVP of MSSP." The report focuses on how primary care-centric ACOs generated better savings and delivered better care within the Medicare Shared Savings Program (MSSP). Between 2017 and 2022, high primary care-centric ACOs delivered 2.4 times higher savings compared to low primary care-centric ACOs.

Innovaccer Inc., a leading healthcare AI company, has launched its latest research report, The State of AI During the Great Burnout in Healthcare, offering timely insights into the current adoption of AI and its potential to transform healthcare delivery. The report, based on a survey of 568 healthcare professionals from 386 US healthcare organizations, highlights the growing reliance on AI to tackle administrative burdens, improve operational efficiency, and mitigate clinician burnout.

Innovaccer Inc., a leading provider of healthcare AI solutions and a member of Oracle Partner Network (OPN), today announced that its Provider Copilot is available on the Oracle Healthcare Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI). The Oracle Healthcare Marketplace is a centralized repository of healthcare applications offered by Oracle and Oracle partners.

Innovaccer Inc., a leading healthcare AI platform company, today announced that San Mateo County Health (SMCH) has selected Innovaccer’s Healthcare AI Platform and population health management solutions to modernize their technology infrastructure and improve patient care services across the county.

Innovaccer Inc., a leading healthcare AI company and Certified Data Partner for the National Committee for Quality Assurance (NCQA) Data Aggregator Validation program, announces the launch of the Government Health AI Data and Analytics Platform (GHAAP). The award-winning platform is one of the first end-to-end integration, interoperability, analytics, and AI platforms built for the public sector with an initial focus on Medicaid and Public Health Modernization. Innovaccer’s solutions have been ranked by KLAS Research as the #1 Data and Analytics Platform for Population Health and is ranked #1 by Black Book three years in a row as the best end-to-end Population Health Solution. The platform has also received NCQA Measure Certification™ for Healthcare Effectiveness Data and Information Set (HEDIS®).

Innovaccer Inc., a leading healthcare AI company, today announced an agreement with athenahealth, Inc. through the company’s Marketplace program. As part of the athenahealth® Marketplace, the newly integrated Provider Copilot empowers healthcare providers to ambiently document patient visits, seamlessly transfer AI-generated notes into the patient record, and resolve quality and coding gaps within athenahealth's electronic health record (EHR).

Innovaccer Inc., a leading healthcare AI company, announced a new strategic partnership with P3 Health Partners, (NASDAQPIII), 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.

Innovaccer Inc., a leading healthcare AI company, announced a partnership with BSIM Healthcare Services, which is dedicated to delivering comprehensive care to underserved communities. BSIM Healthcare Services aims to enhance its care delivery model, optimize resource utilization, and drive better health outcomes for the communities it serves. This collaboration marks a significant milestone in BSIM Healthcare Services' mission as they move forward with their first value-based care contract for 2500 lives, with a vision to extend their reach to more lives in the near future.

Today Innovaccer Inc., a leading healthcare AI company, announced Pediatrics Associates, a national leader in pediatric primary care and telehealth services, has chosen Innovaccer’s industry-leading data platform and population health management solution to accelerate its value-based care initiatives and its ability to drive growth and scale services to enhance the quality of care for children.

Innovaccer Inc., announces the launch of its AI-powered Healthcare Contact Center to fuel the patient and member experience. This announcement follows the company’s recent launch of the Healthcare Experience Platform (HXP), the AI-powered platform developed to help personalize patient’s care journey, deeply engage patients in preferred digital channels, improve patient access, and maximize ROI.

Innovaccer Inc., a leading healthcare AI company, announced the launch of its quality management and reporting solution for health plans. The solution provides an NCQA-certified platform to help close care gaps and elevate quality ratings with end-to-end data ingestion, quality management, member engagement, and reporting. This launch follows Innovaccer’s acquisition of PQS (Pharmacy Quality Solutions), a leader in pharmacy-payer performance technology, with the goal of accelerating value-based care in pharmacy settings.

Cured by Innovaccer Inc., announces the launch of the Healthcare Experience Platform (HXP)—a comprehensive solution powered by AI to ignite patient engagement and revenue growth. The announcement comes on the back of Innovaccer’s acquisition of Cured with the goal of collaborating to accelerate innovation for patient experiences and outcomes.

Innovaccer Inc., the healthcare AI platform company, announced the launch of its enhanced quality management solution to help accountable care organizations (ACOs) meet eCQM (electronic Clinical Quality Measures) guidelines for quality reporting requirements. The announcement comes as CMS implements changes starting in 2025 for how MSSP ACOs report quality measures.

Innovaccer Inc., the data platform company, announced the launch of its AI Advisory Board, comprised of technology and healthcare industry experts including Rohini Kosoglu, Dheeraj Pandey, Mike Abbott, and Alex Gorelik. This addition to its Strategic Advisory Board highlights Innovaccer's commitment to innovation as it harnesses the potential of AI in healthcare to help providers rediscover the joy of care.

Innovaccer Inc., the healthcare AI platform company, received the highest customer satisfaction ratings and was recognized as the leading population health management (PHM) vendor in the 2024 Black Book customer survey, making it the third consecutive year that Innovaccer has earned the award. It achieved the highest scores in 11 of the most critical categories and was ranked #1 overall with an impressive score of 9.75. The ranking is based on Innovaccer’s ability to help customers innovate, excel, and succeed in attaining their VBC goals, and acknowledges Innovaccer as an exceptional healthcare IT vendor.

Today Innovaccer unveiled the Innovaccer Experience Center, the industry’s first solution to transform the contact center into an integrated, data-driven, consumer experience center for healthcare front-line agents. The Innovaccer Experience Center unifies patient and consumer data across virtually all stages of the healthcare journey, giving contact center agents everything they need to know about a person’s clinical, demographic, behavioral, and engagement history in one place—so they can provide fast, effective, and personalized consumer experiences on the first call, and every call.

Today, Innovaccer, the Health Cloud company, introduced ACO Compare 4.0, the latest version of the company’s popular free tool that enables ACOs to analyze and compare their performance against national and regional benchmarks to help them enhance costs savings and increase the quality of care.

Innovaccer Inc., the Health Cloud company, today announced that TG Ganeshan has joined its executive leadership team as Chief Financial Officer (CFO), effective today. He succeeds former CFO Naveen Gupta, who has served Innovaccer since 2017, and who will remain with the Company as a strategic advisor. TG’s appointment closely follows that of Inder Sidhu, who joined Innovaccer’s executive leadership team in October as Chief Customer Officer (CCO).

Innovaccer Inc., the Health Cloud company, today announced Patrick Gardner has joined its leadership team as General Manager of Revenue AI. Patrick brings a broad range of experience in revenue cycle management (RCM) and product strategy, building world-class teams, and creating successful go-to-market strategies that drive growth and help providers improve revenue performance.

Innovaccer Inc., the Health Cloud company, today announced that it was cited by Gartner in its report “Hype Cycle for U.S. Healthcare Payers, 2022” as a sample vendor for the population health management solutions (PHM) category. The category has been identified as “sets of IT capabilities and related services that enable healthcare organizations to achieve health, cost, and experience goals for a discrete population of individuals.”

Innovaccer Inc., the Health Cloud company, announced that Inder Sidhu has joined its executive leadership team as Chief Customer Officer (CCO). Inder will lead Innovaccer’s customer journey and all the delivery teams—including implementation, account management, and customer support—that enable it. He will play a crucial role in Innovaccer’s long-term growth by enhancing existing and developing new strategies and programs that foster exceptional experiences that ensure customer success, satisfaction, and retention.

New research released today by Morning Consult and Innovaccer finds most providers believe value-based care has firmly displaced fee-for-service as the dominant payment and care delivery model. Only 4% of providers today report using pure FFS with no links to quality and value, and that plummets to 1% by 2025. Providers believe the payment model that’s historically dominated in healthcare has flamed out, and that 96% of healthcare payment today has connections to care quality, cost reductions and, in some cases, patient experience. That leaps to 99% by 2025.

Today, Innovaccer Inc., the Health Cloud company, announced that CHESS Health Solutions is using the Innovaccer® Health Cloud to accelerate their transition to value-based care for over 200,000 patients. Since moving to the Health Cloud, CHESS has reduced the rate of 30-day all-cause readmissions by 23%, driving more than $3 million in value across MSSP, NextGen, and Medicare Advantage patient populations.

NAACOS Fall 2022 Conference booth Y—Today, Innovaccer Inc., the Health Cloud company, announced that MSSP ACOs on the Innovaccer® Health Cloud generated significantly higher shared savings growth, earnings, and quality scores compared to their peers, according to the 2021 Performance Year Financial and Quality Results data just released by the CMS.

Innovaccer Inc., the Health Cloud company, today announced that Baptist Health South Florida, the largest health system in the region, is moving to the Innovaccer® Health Cloud to optimize population health analytics, provider engagement, and care management to support its mission of providing value-based healthcare in the communities it serves.

Today, Innovaccer Inc., the Health Cloud company, announced that it has been recognized as a Sample Vendor in the latest Hype Cycle for Healthcare Providers report published by Gartner. Innovaccer appeared in the Population Health Management (PHM) solutions category, identified as “sets of IT capabilities and related services that enables healthcare organizations to achieve health, cost, and experience goals for a discrete population of individuals.”

Today, Innovaccer Inc., the Health Cloud company, announced that the NCQA has named Innovaccer a Certified Data Partner for NCQA’s Data Aggregator Validation program.

Today, Innovaccer Inc., the Health Cloud company, announced the expansion of its Solution Suite for ACO REACH participants. With its ACO REACH Solution Suite, Innovaccer has taken its entire portfolio of solutions that several leading ACOs across the country use, to help New Entrant ACOs and High Needs Population ACOs accelerate their transformation and advance health equity.

Innovaccer Inc., the Health Cloud company, announced today that Adventist HealthCare has selected Innovaccer to be their next-generation population health management and value-based care partner. The not-for-profit health services organization, based in Gaithersburg, Maryland, was looking to create a unified data platform to help deliver high-quality care to their community and accelerate its mission to transform healthcare through a holistic care model.

Today Innovaccer Inc., the Health Cloud company, unveiled its Denial Prevention and Recovery Accelerator, the latest addition to the company’s Revenue AI suite of vendor-neutral solutions that help providers rapidly drive revenue cycle improvements—in as little as six weeks—to markedly improve their financial performance.

Today Innovaccer Inc., the Health Cloud company, announced Scott Howell, M.D., head of Blue Line Advisors, a biopharma and health tech advisory, and former Chief Strategy Officer for Novartis US Pharmaceuticals, has joined Innovaccer’s Strategic Advisory Board. Dr. Howell brings 30 years of experience and a broad perspective across multiple healthcare segments, including clinical practice and administration, managed care, pharmaceuticals and biotech, distribution, and specialty pharmacy to Innovaccer.

Today, Innovaccer Inc., the Health Cloud company, announced that Curana Health is partnering with Innovaccer to build a leading edge value-based care solution to support delivery of exceptional care quality at the lowest possible cost for one of healthcare’s highest risk populations: residents in senior living communities across the country.

Innovaccer Inc, the Health Cloud company, continues its mission to make health data more accessible and useful by expanding into the public sector to initially address three distinct use cases. The Innovaccer® Health Cloud provides unified patient records and actionable insights to improve person-centered case management in public health, value-based analytics for Medicaid alternative payment models, and population health interventions at the county and state level to deliver more equitable and coordinated care for diverse, vulnerable, and at-risk populations.

Today Innovaccer, the Health Cloud company, announced its Connected Digital Health solution, a new way for life sciences companies to rapidly deliver next-generation digital apps that surround therapeutics and devices with highly engaging patient experiences, improve clinical outcomes, and generate valuable real world evidence (RWE).

Today, Innovaccer Inc., the Health Cloud company, announced that it has joined the CARIN Alliance (CARIN), a multisector collaborative working to rapidly advance the consumer-directed exchange of health information to improve the interoperability of healthcare data.

Today, Innovaccer Inc., the Health Cloud company, announced that it has been recognized as a Top 50 Company in remote patient monitoring upon conclusion of extensive research and company outreach by AVIA Connect, the leading digital health marketplace.

Today Innovaccer Inc., the Health Cloud company, announced John Bastin has joined its leadership team. As general manager of the government segment, he will define and lead Innovaccer’s government market strategy and build on the company’s success with public sector clients.

Today Innovaccer Inc., the Health Cloud company, announced Gary Druckenmiller Jr. has joined the team as general manager of patient relationship management (PRM). He brings a broad scope of experience and unique perspective from outside of the healthcare industry and from consumer health and physician engagement company Healthgrades. When CRM was emerging as a healthcare category, Druckenmiller was one of the prominent voices that helped drive the industry's focus on consumer engagement and the patient experience.

Today Innovaccer Inc., the Health Cloud company, launched its ACO REACH Accelerator toolkit, an innovative technology-enabled suite designed to help accountable care organizations succeed in the ACO REACH model recently announced by the Centers for Medicare & Medicaid Services (CMS). The ACO REACH model was developed by CMS to advance health equity by bringing accountable care to underserved communities, and to support momentum around provider-led organizations moving from fee-for-service to risk-based payment models.

Today Innovaccer Inc., the Health Cloud company, announced Amy Dirks Stevens has joined its leadership team. As general manager of provider performance and value-driven transformation, she will apply her extensive experience in the healthcare industry as an entrepreneur, strategist, and voice for health equity to lead the company’s portfolio of contract performance capabilities, helping customers succeed across the continuum from fee-for-service to value-based care and population health management.

Today, Innovaccer Inc., the Health Cloud company, announced that UpStream Healthcare, the fastest-growing primary healthcare solution provider in the country, has chosen the Innovaccer® Health Cloud, its Data Activation Platform, and entire application suite to accelerate UpStream’s mission to transform U.S. healthcare by driving better outcomes for patients and improving financial outcomes for providers.

Innovaccer Inc., the Health Cloud company, received the top customer satisfaction and loyalty honors in the newly published 2022 Black Book Research User Survey for population health management (PHM) solutions. The annual poll also emphasizes the growing importance of provider data sharing in fighting the COVID-19 pandemic and meeting new interoperability standards.

HIMSS22 booth #3801—Today, Innovaccer, the Health Cloud company, announced the expansion of its ISV Partner Program to help independent software vendors (ISVs) use Innovaccer’s Best in KLAS Data Activation Platform to develop breakthrough clinical, financial, and operational solutions on a unified patient record. The program drives healthcare innovation by empowering ISVs to build and co-market game-changing solutions and promote supercharged growth, increased profitability, and faster time-to-market.

Today, Innovaccer Inc., the Health Cloud company, announced that its Patient Relationship Management (PRM) solution has been recognized by providers as a high-performance Customer Relationship Management (CRM) solution in KLAS Research’s latest Performance Insights Report.

Innovaccer Inc. announced a $150 million Series E round at a $3.2 billion valuation, driven by rapid customer adoption of the Innovaccer Health Cloud. The round was led by Mubadala Capital, with participation from existing investors B Capital Group, Microsoft’s M12 fund, OMERS Growth Equity, Dragoneer, Steadview Capital, Tiger Global Management, and new investors Whale Rock Capital Management, Avidity Partners, and Schonfeld Strategic Advisors. Innovaccer’s Series E round brings the total capital raised by the company to over $375 million.