Innovative solution simplifies value-based contracting and
scenario modeling, fostering sustainable, mutually beneficial
arrangements.
EAST
WINDSOR, N.J., Jan. 7, 2025
/PRNewswire/ -- SpectraMedix, a leader in advanced analytics and
technology solutions for value-based payment (VBP) models,
announces that its VBP Contract Modeler now supports the
broadest portfolio of value-based contracts in the industry.
Already utilized by health plans and health systems in over 20
states, this expansion reinforces SpectraMedix's commitment to
driving the adoption of sustainable and impactful value-based
contracts.
The enhanced SpectraMedix VBP Contract Modeler enables users to
automate the modeling and development of diverse value-based
contract models spanning pay-for-quality (P4Q), shared savings,
shared risk, and capitation across all lines of business. By
streamlining contract design and simulation, SpectraMedix empowers
health plans and health systems to test scenarios and explore
different risk-sharing and payout structures to construct
value-based contracts that align with their unique objectives and
drive meaningful results.
"Over the past five years, the SpectraMedix VBP Contract Modeler
has become the gold standard for actuaries and contracting teams,
enabling health plans and health systems to critically evaluate,
develop, and negotiate the next generation of value-based
contracts," said Raj Lakhanpal, MD, CEO of SpectraMedix. "Our
solution empowers clients to simulate performance across various
contract types and scenarios, helping them build sustainable
arrangements that offer the right balance across quality, cost,
utilization and risk—ultimately benefiting their providers and the
populations they serve."
An Integrated Solution for Value-Based Arrangements
The VBP Contract Modeler is seamlessly embedded in the
SpectraMedix VBP Platform, providing an all-in-one solution
encompassing AI-powered analytics, contract modelling and
settlement, and provider enablement tools. This comprehensive
solution supports strategic decision-making across commercial,
Medicare and Medicaid markets, helping health plans and health
systems unlock the full potential of their value-based
arrangements. For more information on the SpectraMedix VBP Contract
Modeler or the SpectraMedix VBP Platform, visit
https://www.spectramedix.com/spectramedix-value-based-platform.
About SpectraMedix
SpectraMedix delivers the complete picture of value-based
performance to drive operational excellence and accelerate
performance improvement for health plans and health systems across
the spectrum of value-based contracts. Our comprehensive,
end-to-end platform empowers organizations with transparency into
financial performance, quality, risk and utilization to help them
establish trust with providers, maximize revenue and scale their
value-based arrangements. For more information, visit
www.SpectraMedix.com.
Media Contact:
Nathan Brown
Director of Marketing
388163@email4pr.com
(609) 638-2987
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SOURCE SpectraMedix
