Health Technology, Medical Devices

Signify Health and Prospect Medical Holdings Team Up to Provide Top-notch Care

Signify Health and Prospect

Signify Health, a top healthcare platform that uses advanced analytics, technology, and nationwide healthcare networks, announced a new partnership with Prospect Medical Holdings, Inc., a growing healthcare services company on January 11, 2023. The collaboration will help create and run value-based payment programs for superior care.

To improve care transformation, manage risk, and provide high-quality, coordinated patient care for its traditional Medicare fee-for-service patients, Prospect's Waterbury HEALTH and Eastern Connecticut Health Network (ECHN) facilities and their affiliated provider network in Connecticut will join a Signify-enabled accountable care organization (ACO) in 2023 as part of the Medicare Shared Savings Program (MSSP).

Signify Health will assist Prospect facilities in managing their MSSP ACO risk, lowering costs, and increasing quality incentives by providing data-driven, tailored population health roadmaps. Patients who seek treatment at Prospect's hospitals, which provide care to underprivileged and diverse populations across the state, will benefit from the strategic partnership.

EJay Lockwood, Vice President, Connecticut Coordinated Care at Prospect Medical Holdings stated, "Every healthcare market is different to a certain extent, but we were impressed by Signify's experience that has spanned so many markets and has managed to 'stay local' while simultaneously honing their approach to delivering on the core competencies that any successful ACO needs to have."

(Source: Business Wire)

Tim Gronniger, Chief of Value-based Care Solutions, Signify Health, shared, "Prospect's Connecticut teams serve patients living in economically disadvantaged areas who also have been medically underserved. Through our work together, Prospect's Medicare patients will receive needed increased access to preventative and in-home services that will help improve their health outcomes, while creating a better overall experience for both patients and their care teams."

(Source: Business Wire)

About Signify Health

At Signify Health, a renowned healthcare platform, cutting-edge analytics, technology, and national healthcare provider networks enable value-based payment options. Health plans and organizations use the company's technologies to assess risk and develop ways to enhance patient outcomes, coordination, and cost. Its platform coordinates clinical, social, and behavioral treatments. Signify Health meets customers' needs, reduces costs, and brings care closer to home.

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