NEPTUNE BEACH, Fla.--(BUSINESS WIRE)--MedAxiom, the nation’s leading cardiovascular performance community committed to improving business and patient care outcomes, and Magellan Health, a leader in the fastest growing, most complex areas of health, today announced the launch of a strategic initiative created to support cardiovascular programs as they develop cardiovascular-specific accountable care organizations (ACO).
MedAxiom and Magellan will collaboratively engage with large cardiology practices across the country to develop innovative management capabilities that leverage value-based reimbursement models, while establishing greater strategic positioning with payers in the market. Through this initiative, MedAxiom and Magellan will:
- Engage with cardiovascular ACO provider groups to analyze economic costs-of-care and identify areas of practice that can either improve quality or reduce unnecessary costs of health care.
- Work to assess program readiness and assist in program development opportunities to successfully manage risk.
- Work with selected cardiovascular physician groups to develop and implement best practice guidelines and procedures for billing and coding, including appropriate workflows, documentation and payer interaction.
“The launch of this initiative is ideally timed as the health care marketplace continues to transition to new payment models in which providers are increasingly aligned with payers around the optimal management of patient conditions that produce the greatest quality at the lowest cost to the health care system,” said Jennifer Linville, founder and chief executive officer of MedAxiom. “This alignment has created an increased accountability for providers to manage chronic conditions with a focus on total value.”
“This initiative offers cardiology groups the opportunity to both maintain their independence and protect their financial security,” said Dr. David Hodges, chief medical officer of cardiovascular programs for Magellan Health. “We’re excited to expand our work with providers as we innovate ways for doctors to thrive in the quickly changing world of health care. We look forward to working with MedAxiom to support cardiovascular-centered ACOs.”
About MedAxiom: MedAxiom is the nation’s leading cardiovascular performance community, providing expert consulting, networking and membership services including data analytics, program excellence tools and educational events to improve business and patient care outcomes. MedAxiom is the ideal partner to develop this cardiovascular-specific accountable care model given its vast cardiovascular network, exclusive and comprehensive industry database, as well as its extensive experience in developing and implementing operational programs nationally. MedAxiom’s network brings providers, administrators, device companies, pharmaceutical leaders and now commercial payers together at the same table to advance the delivery of cardiovascular care. Learn more at medaxiom.com.
About Magellan Health: Headquartered in Scottsdale, Ariz., Magellan Health, Inc. is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of health care. Magellan develops innovative solutions that combine advanced analytics, agile technology and clinical excellence to drive better decision making, positively impact health outcomes and optimize the cost of care for the members we serve—all within a customer-first culture. Magellan’s customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.
