Health IT, Startups

VitreosHealth attracts $5M for population health analytics

The funding is from a syndicate led by an affiliate of private equity firm Kinderhook Industries.

bigstock-health-care-costs-crossword-30297854To support the needs of accountable care organizations, several technology companies have fashioned tools to help them manage risk and get a better read of their chronic care patient populations. VitreosHealth has raised $5 million from a syndicate led by an affiliate of private equity firm Kinderhook Industries, according to a company statement.

The health IT company has developed a few tools for ACOs as well as payers and health systems.

Among its products is something it calls “Insights-as-a-Service.” It is designed to help hospitals and payers identify patients and members that will be high risk, predict probability of hospitalization or signs of deterioration from a chronic disease, and help determine which interventions they need to delay or avoid high-cost medical intervention.

Healthcare providers and payers can choose the method for delivery of these insights that works best for the their workflows such as apps, something that’s embedded into the EHR or workflow system, or through another electronic format, the statement said.

It also developed a way to evaluate physician performance based on a cost-quality curve, according to its website. By performing joint cost-quality analysis, it explains, hospitals can segment their physicians/specialists into high and low performers

Photo: Bigstock Photos

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