Azara Healthcare, a leading provider of populace health answers for the network health market, and SPH Analytics, a pioneer in healthcare shopper experience estimation, commitment and populace based analytics, today announced a merger between Azara Healthcare and SPH Analytics' populace health division. Working as Azara Healthcare, the new organization offers an exceptional blend of provider-driven populace health aptitude, information analytics, and direct availability among providers and payers. The joined association will convey profound populace health bits of knowledge to help government and business hazard contracts, quality projects, care the executives, and cost and use, while framing solid organizations among payers, providers, and individuals, to understand the guarantee of significant worth based consideration.
“We have spent the last decade collaborating with community health organizations who are expert population health practitioners in underserved populations, with particular emphasis on managed Medicaid,” said Jeff Brandes, who will continue serving in his role as CEO of Azara Healthcare. “As a result of this partnership, our solution is directly tied to the needs of patients and providers. With the addition of the SPH Analytics population health division, Azara now has a robust platform to extend this value to also meet the unique and growing needs of the commercial provider and payer risk markets.”
Presently one of the country's biggest centered populace health organizations, Azara Healthcare upholds more than 60,000 providers and payers, affecting the health of in excess of 25 million Americans. The organization's consolidated arrangements have gotten various honors and acknowledgment by noted industry investigators, for example, KLAS Research and Black Book Research.
With the capacity to coordinate information from different sources and help providers attach their clinical information to payer claims information, monetary frameworks, Health Information Exchanges (HIEs), and that's just the beginning, the new Azara Healthcare will currently have the option to help customers in all parts of populace health. This incorporates modified populace health activities, payer-driven worth based agreements, and state and central government announcing prerequisites, just as other doctor motivator projects, for example, the Centers for Medicare and Medicaid's Merit-based Incentive Payment System (MIPS), Accountable Care and other elective installment programs.
“The healthcare information technology space is complicated and often leaves providers and patients with insufficient solutions,” said Kevin Weinstein, formerly President of SPH Analytics’ population health division, now President and Chief Growth Officer of Azara Healthcare. “We have spent nearly two decades delivering strong value by enabling providers to drive behavior change with their patients, ultimately delivering better clinical outcomes and lower total cost of care. By merging with Azara, we’ve created a unique platform with enhanced data analytics, reporting, and interoperability capabilities to advance towards true accountable care models.”
The merger was driven by Hughes and Company, a private value firm only centered around the healthcare innovation area, with help from existing SPH Analytics financial specialist STG. SPH Analytics will stay a minority investor and a functioning colleague with Azara Healthcare.
“We’ve studied population health for a number of years,” said Hughes & Company Managing Director, Travis Hughes. “The promise of population health is not new—but the ability to deliver actionable benefits to patients, providers, and payers is. We see enormous potential to build upon the proven track records of Azara and SPH to create value at scale.”
The organization will have central command in Burlington, MA, only outside of Boston with workplaces in Alpharetta, GA, in rural Atlanta.
Azara Healthcare was prompted by Covington Associates and Feinberg Hanson, who filled in as speculation banking and lawful consultants, separately. Hughes and Company was spoken to by Cooley, while Paul Hastings filled in as lawful insight for SPH Analytics and STG. Terms of the exchanges were not unveiled.
About Azara Healthcare
Azara Healthcare is the leading provider of data-driven analytics, interoperability, quality measurement and reporting for the Community Health and physician practice market. Azara solutions empower more than 1,000 Community Health Centers, physician practices, Primary Care Associations, Health Center Controlled Networks, clinically integrated networks and regional health plans in 36 states to improve the quality and efficiency of care for more than 25 million Americans through actionable data. Azara consistently earns accolades as a top population health vendor by industry market intelligence firm KLAS Research and was ranked number one in MACRA and MIPS Support Technology for Value-Based Care by Black Book Research.