Pittsburgh-based UPMC has invested in value-based technology solution company Health Fidelity.
Health Fidelity, based in Palo Alto, Calif., provides data solutions that help hospitals transition from fee-for-service payment models to value-based models. The platform provides retrospective and prospective analyses with a collaborative workflow. UPMC will collaborate with Health Fidelity to innovate additional use cases that will improve healthcare delivery and population management, according to a news release.
"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," said Mary Beth Jenkins, senior vice president and COO of the 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 currently making several forays into the healthcare IT industry. Last week, the health system announced its alliance with Carnegie Mellon University and the University of Pittsburgh to create the Pittsburgh Data Alliance to gather and use big data to transform healthcare. It is also employing several technology solutions, including remote patient monitoring and telemedicine, to reduce admissions as well as using data analytics to improve patient outcomes.