Cedar Gate Technologies (Cedar Gate), a leading value-based care analytics company, and Franciscan Alliance, a faith-based, integrated healthcare provider, today announced that their collaboration has resulted in Franciscan Alliance improving the performance of its Franciscan ACO (Accountable Care Organization) by $44.4 million in 2018, as compared to 2016.
“We are extremely pleased to have achieved such a significant improvement in our ACO performance in such a short period of time,” said Albert Tomchaney, MD, Chief Medical Officer for the Franciscan Health Alliance. “The improvement is a direct result of the outstanding work being done by our team to execute on the actuarial insights, network opportunities and cost reduction opportunities identified by our partner Cedar Gate.”
Cedar Gate is a collaborative partner to payers, providers and employers and provides the analytic insights and operating systems to help them make a successful transition from fee-for-service to value-based care.
“We are very proud to be the Franciscan Alliance’s partner and to have helped them achieve such outstanding results,” said David B. Snow Jr., CEO of Cedar Gate Technologies. “They have been diligent in developing the capabilities needed to act on the financial, network and clinical opportunities our systems identify so I am not at all surprised by these strong results.”