Cedar Gate Technologies acquired Global Health Alliance this week, in a move that will impact North Texas providers and allow Cedar Gate to improve prospective bundled payment programs.
Cedar Gate will have access to GHA’s technology called Axia that automates bundled claims and manages payment between payers and providers, which has processed over 2.25 million distinct bundles. Bundled payment programs can help control and manage healthcare costs by uniting payments for an episode of care rather than processing individual payments for the hospital, lab, and post-acute facilities. It incentives providers to work together and lower the total cost.
Last year, D CEO Healthcare wrote about how Dallas-area CardioVascular Care Providers Inc. entered a partnership with GHA.
“CardioVascular Care Providers Inc.a pioneering network of nearly 400 integrated cardiovascular physicians that includes leading heart doctors in Dallas-Fort Worth, has signed a new, 20-year agreement with the Global Healthcare Alliance, which specializes in value-based care management.
Under the agreement, Houston-based CVCP—which operates as a financially and clinically integrated group offering cardiovascular services under prospective bundled pricing arrangements—will continue receiving GHA’s analytics, operating structure, and technologies.”
CGT will continue to advise on and administer technology solutions to providers as they transition to value-based care. “Through acquiring GHA and its Axia platform, we’ve become the leading provider of prospective bundled payment programs and completed the build-out of our value-based care performance management platform,” said Cedar Gate Technologies CEO, David B. Snow, Jr said via release. “We can now help clients design, contract, manage and administer any type of value-based care payment model, including prospective bundled payment programs.”