St. Vincent's Health Partners, Inc. Selects McKesson To Help Reduce Risk and Drive Better Health
ATLANTA--(BUSINESS WIRE)-- St. Vincent's Health Partners (SVHP), an independent physician-hospital organization (PHO), has chosen two new McKesson solutions to help its organization manage the health of high-risk populations in its southwest Connecticut community. The solutions are part of McKesson's recent acquisition of MedVentive, a leading provider of population and risk management tools that help drive transparency in healthcare cost and quality. The technology will enable high-quality analytics, real-time feedback at the point-of-care and the ability to coordinate care across settings.
In addition, the McKesson solutions will enable SVHP to pursue new forms of reimbursement. Those reimbursement models share cost savings with providers who deliver better care at lower cost. SVHP will be the first PHO in Connecticut to accept these kinds of payer contracts.
"These new capabilities will help position us to deliver the best possible outcomes for our patient population while maintaining our organization's profitability," said Thomas A. Raskauskas, MD, President and Chief Executive Officer, St. Vincent's Health Partners. "Because the technology was designed with the end user in mind, it's also easy for physician offices to use and navigate."
SVHP's decision to transition to a more risk-bearing model is a pivotal step for their organization as health reform unfolds. Assisting healthcare organizations to improve information-sharing and manage risk are core components of McKesson's Better Health 2020™ strategy. Better Health 2020 is designed to enable McKesson's healthcare partners to address complex challenges as the industry evolves.
"The McKesson suite will enable us to reduce costs and improve care delivery - including reduced redundancy in labs and radiology, improved medication regimens, fewer hospital readmissions, and more appropriate use of the emergency room," Raskauskas added.
SVHP is jointly owned and governed by physicians and St. Vincent's Medical Center of Bridgeport, Conn. The organization will use McKesson Population Manager™ and McKesson Risk Manager™ to help serve their mission to offer the highest quality care in the most appropriate setting for an improved patient experience.
"With the addition of the MedVentive product suite, we are even more committed to helping organizations like St. Vincent's Health Partners maximize the value of core systems by helping to streamline workflows and improve point-of-care decision management," said Chris Bauleke, president, population management, McKesson Technology Solutions. "We look forward to working closely with SVHP to support their providers as they tackle shared-savings models and drive meaningful improvements in patient care."
About St. Vincent's Health Partners
In response to the rapidly-changing healthcare environment, in June 2012 regional physicians and the 473-bed St. Vincent's Medical Center, (www.stvincents.org) developed a new physician hospital organization (PHO), St. Vincent's Health Partners, Inc. (SVHP). Serving southwestern Connecticut, SVHP, a PHO comprised of more than 300 healthcare providers and St. Vincent's Medical Center, provides a strategy to improve patient care in this new environment.
The St Vincent's Health Partners PHO aligns physician and hospital efforts through active coordination of care and data sharing. As a result of this collaboration, patients receive better healthcare across the entire continuum of care. Through its partnership and shared information technology, SVHP allows participating primary care and specialist physicians to perform well under new healthcare reimbursement models that reward clinical integration and improved quality of care .For more information, visit us at www.stvincentshealthpartners.org.
About McKesson Corporation
McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit us at www.mckesson.com.
Yancey Casey, 404-338-2468
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