Care management firm also brings with it software capabilities that aggregate clinical and claims data
Care management services are key for managed care plans to reduce avoidable costs, and Harvard Pilgrim Health Care in Massachusetts is looking to reinforce its strategy with the acquisition of MedWatch. The organization offers accredited care management to third-party administrators and self-insured employers.
MedWatch also brings with it software capabilities that allow clinicians to access consolidated member records aggregated from lab, pharmaceutical, claims and outcomes data-an attractive asset for an insurer.
“Employers, whether they are fully insured or self insured, see the long-term benefit of solid, creative care management aligned with value-based insurance plan designs,” Eric H. Schultz, president and CEO of Harvard Pilgrim Health Care, tells MHE in an email. “Companies find the prospect of better outcomes for their employees and families to be very favorable in their healthcare decision-making.”
Harvard Pilgrim covers 1 million members in the New England area.