Signify Health Acquires PatientBlox to Accelerate Prospective Payment Models — Advances Transition to Value-Based Care
ATLANTA, Nov. 23, 2020 —
Unique application of PatientBlox’s proprietary blockchain technology will streamline provider administration, enhance payer predictability and security, and improve outcomes by aligning the care team around holistic needs of the patient.
“Real-time data sharing and value-based payment models are vital to improving care and containing cost,” said Rahul Sharma, chief executive officer of PatientBlox. “CuraBlox makes payment disbursement, reconciliation, and reporting of metrics easy to track and efficient, enabling the scaling of bundled payments programs.”
Operational features of the solution include onboarding and payment of participating care team providers, episode-eligible patient identification, administration of incentive payments and/or withholds, quality reporting, and closure of episodes.
“Bundles are a fast-growing payment model for health plans and CuraBlox is an ideal solution to support this growth,” added Sharma. “PatientBlox is attacking known complexities with its distributed ledger technology platform, the innovative workflow of the CuraBlox application, and its Smart Contract Library.”