- Providence St. Joseph Health (PSJH), the third-largest non-profit health system in the country, has announced the launch of a new population health company called Ayin Health Solutions.
The new company will leverage PSJH’s learnings about how to address key patient management issues in a real-world clinical environment.
“These are tumultuous times for the healthcare industry and organizations are eager for proven strategies and solutions that will stabilize their business and guide their shift toward a new standard of care,” said Dr. Rhonda Medows, CEO of Ayin Health Solutions and president of Population Health at Providence St. Joseph Health, in a press release.
“We know that when health organizations are able to achieve clinical and financial success, they are better able to influence and care for the communities they serve.”
PSJH includes 51 hospitals and more than 800 physician offices across seven states in the western half of the country.
The new company will help the industry achieve its broader aims of cutting cost and improving outcomes through value-based approaches to proactive care, Medows added in a statement to HealthITAnalytics.com.
“The healthcare industry has realized that the traditional fee-for-service model of care is not working or sustainable,” she said. “As the industry shifts to value-based care, providers, employers and government entities are seeking proven solutions and services to help guide their organization’s transition”.
“Ayin will deliver solutions that will help organizations improve clinical outcomes, simplify patient access to information, lower health care costs and meet payer and business requirements.”
The move comes as many healthcare systems are seeking new opportunities to commercialize their knowledge and build financial sustainability in a complex and quickly changing environment.
“The challenges we face are not unique to Providence St. Joseph Health,” Medows noted. “The entire healthcare industry is experiencing a monumental shift in how care needs to be provided.”
“PSJH, like many health systems, is transforming our business model to ensure we are meeting the needs of our communities, addressing the evolving healthcare industry and sustaining our mission of providing compassionate care for all.”
Ayin will work across the industry, with payers, providers, employers, and government entities, to develop data-driven skills and strategies focusing on population management, community health, and preventive care.
Capabilities include a pharmacy benefits management (PBM) service, a proprietary risk evaluation tool, and an employee health benefit optimization service that can help employers create high-value, personalized programs for their employees.
“On behalf of our communities, it is imperative for everyone in health care to collaborate to ensure we are providing care in the best manner possible,” said Medows.
“Providers and payers have the opportunity to align at both the financial and clinical levels – two levers that really have the ability to change our industry – and all in service to providing better care to those we serve.”
“This is one of the reasons why Ayin is uniquely positioned to provide guidance and solutions – because we align data sharing, medical management and financial arrangements through our health plan and provider entities.”