HEALTH TECHNOLOGY, DIGITAL HEALTHCARE
Charlie Health | January 18, 2023
On January 17, 2023, Charlie Health, the largest virtual intensive outpatient programming (IOP) provider for at-risk youth and families, announced its expansion into Florida. This comes at a time of need for the industry-leading mental health services the company offers.
"As per NAMI Florida, one in six youths between the ages of six and seventeen experience a mental health disorder every year in Florida. Over half of the adolescents in the state suffering from depression cannot receive treatment due to geographical and financial barriers.
Carter Barnhart, Co-Founder and CEO of Charlie Health (Mental Health America), said, "Over 6 million people in Florida live in communities that have a shortage of mental health professionals, demonstrating that it's more important than ever to find a viable solution to a limited system." She added, "Florida currently ranks 49th in the country for access to mental healthcare. We're going to change that. Our virtual IOP effectively eliminates long-standing barriers to care, providing young people and families in the state with evidence-based, life-saving treatment they can access from home."
(Source – PR Newswire)
This expansion of virtual IOP services in Florida follows the company's recent publication of a study on the effectiveness of virtual IOP. The study was completed in collaboration with the University of Pennsylvania. Based on data gathered over the course of nine months from 495 adolescent clients, researchers discovered a 71% reduction in suicidal ideation, a 60% reduction in depressive symptoms, and a 58% reduction in self-harm on discharge from Charlie Health's program.
About Charlie Health
Montana-based Charlie Health offers personalized treatment plans for adolescents, young adults, and families battling mental health and substance abuse disorders. The company's team of progressive, industry-leading professionals utilizes a customized approach to deliver evidence-based, comprehensive treatment programs. Charlie Health provides clients with the support they require for lifelong results via individual, group, and family therapy.
HEALTH TECHNOLOGY, MEDICAL DEVICES
SimiTree | January 13, 2023
SimiTree has strengthened its position in the US behavioral health support market by acquiring two new companies.
On January 12, 2023, Bill Simione, CEO and Managing Principal of SimiTree, announced the acquisition of behavioral health data analytics and consulting firm Afia and Florida-based credentialing service provider GreenpointMed. This move enhances the full range of support services offered by SimiTree and its behavioral health flagship, Infinity Behavioral Health Services.
Afia employs data-driven decision-making to address business challenges by streamlining EHR implementations, optimizing revenue cycles, promoting clinical best practices, and developing IT infrastructures to advance behavioral businesses. SimiTree's leading data analytics capabilities are enhanced by this acquisition, allowing clients to benefit from tech-enabled optimization of financial, clinical, and operational functions and gain greater insight from actionable data.
Acquiring GreenpointMed has allowed SimiTree to expand billing and debt recovery capabilities and offer time-saving credentialing services with insurance panels to behavioral health providers. GreenpointMed has substantial credentialing experience in every state, with all insurers, including Medicare and Medicaid.
"This move delivers the scalability SimiTree needs to address the behavioral health industry's growing need for our services as we head into 2023," said Bill Simone. He further added, "We remain committed to providing a robust array of services to assist behavioral health providers in developing a stronger revenue cycle with improved cash flow, higher collection rates, and best-in-class processes."
(Source – PR Newswire)
Formed by the merger of Simione Healthcare Consultants with BlackTree Healthcare Consulting in 2021, SimiTree provides clinical, financial, operational consulting and outsourced services such as review choice demonstration (RCD), OASIS, billing, coding, and quality assessment and performance improvement (QAPI). Headquartered in King of Prussia (Pennsylvania), the company aligns its teams, services, and approach with clients' challenges to help them improve operational performance, fulfill clinical and financial potential, and improve the organization's overall health.
UpStream | January 27, 2023
On January 26, 2023, Innovaccer, Inc., a data platform for healthcare, announced that it had entered a multiyear partnership with UpStream Healthcare, a value-based primary healthcare provider solution. This partnership entails UpStream more than doubling its population on Innovaccer's cloud-native platform in the coming year, scaling its exceptional value-based care model across the U.S.
In April 2022, Innovaccer announced that UpStream Healthcare had selected the Innovaccer Health Cloud, Application Suite and Data Activation Platform to speed up its mission to transform senior healthcare with a full-risk model that improves outcomes, health equity, and care costs. Medicare and Medicare Advantage members on the UpStream platform have a 20-30% lower total cost of care and a 4.5-star quality rating.
The company's platform physically embeds a pharmacist-led care team in every primary care physician's office and nurses who visit Medicare-eligible seniors at home. Adding to the point-of-care clinicians, other team members will close any clinical and quality gaps to care for all seniors in full-risk financial agreements.
UpStream's clinical partners range from small independent primary care practices to IPAs, with two health systems and two ACO REACH entities supported. The company's data, analytics, and population health technology must scale quickly and cost-effectively to meet growing national demand. The company's platform, powered by Innovaccer Health Cloud, seamlessly integrates with EHRs of new providers and other healthcare IT. As a result, providers can easily access integrated workflows, unified patient records, and point-of-care analytics to deliver high-quality, low-cost care.
The expanded partnership follows UpStream's $140 million Series B round, raised to scale its value-based care model across the nation. Since 2018, UpStream has grown to serve over 180,000 Medicare patients and 1,000 primary care physicians in three states.
A California-based health cloud company, Innovaccer Inc., accelerates healthcare innovation. The Innovaccer Health Cloud unifies patient data across systems and care settings, enabling healthcare organizations to develop modern, scalable applications that improve clinical, operational, and financial outcomes. Over 1,600 U.S. care settings use Innovaccer solutions, empowering more than 96,000 providers to transform care delivery and collaborate with life sciences companies and payers. KLAS and Black Book rank Innovaccer #1 in Data and Analytics and Population Health Technology, respectively.
Headquartered in Greensboro, North Carolina, UpStream is a primary healthcare solution provider that delivers value-based care to older patients and people with chronic conditions. The company offers an all-inclusive, risk-free solution for physicians that provides, finances, and sustains better outcomes by collaborating with healthcare practices and clinics. GAP-QTM (Guaranteed Advanced Payments for Quality) is UpStream's risk-free solution for physicians. GAP-QTM benefits physicians and practices by increasing income, professional satisfaction, and patients by lowering hospitalizations, decreasing copayments, and providing better benefits.