It’s official! Today we completed our deal to acquire Healthcare Data Services (HDS) so we now have a killer solution for anyone forming an ACO, taking on risk, or contemplating Shared Savings or bundled payments.
Founded in 2004, this Boston-based company offers clinicians, practice administrators and health system executives a flexible, adaptable dashboard that sifts, manages and serves up the information they need to succeed under new payment models. The HDS solution can show medical group leaders their gaps in care, which referral patterns are working (and which are not), and even how they’re performing against contracts.
This is an increasingly important level of insight. By last count, over 400 medical practices and health systems have been actively working to become ACOs under the CMS Pioneer and Shared Savings programs, or through commercial insurer contracts. That number is expected to double over the coming year.
To learn more, read my blog post from mid-September. Or check out our new HDS page. We are really excited to have this team on board as we begin integrating our cloud-based tools with HDS offerings in a way that delivers even greater value to our clients.