Wednesday, June 24, 2020
Stellar Health ("Stellar") and Accurate Diagnostic Laboratories ("Accurate Diagnostic Labs") are pleased to announce a collaboration to align their efforts around the mission of assisting health care providers to keep patient care and private practice at the absolute forefront of the value-based care ("VBC") world. The goals of the alliance are to arm practices with the information they need to improve patient health outcomes while maximizing the financial well-being of practices and reducing overall payor costs. These goals will be achieved by using an integrated care model utilizing Stellar's unique VBC platform and Accurate Diagnostic Labs' analytics and infrastructure. As the Centers for Medicare & Medicaid Services ("CMS") recently commented, "the need for a comprehensive value-based transformation of the country's healthcare system is even greater as our country confronts not just the coronavirus but the possibility of future pandemics."
"Accurate Diagnostic Labs' culture, steeped in a tradition of guideline-based laboratory medicine, lends itself well to Stellar Health's mission to simplify value-based care," said Accurate Diagnostic Labs' CEO, Rupen Patel.
"Our partnership with Accurate Diagnostic Labs aligns with our core value of empowering providers with information that will enhance their ability to deliver care, not hinder it through unnecessary documentation," described Stellar Health's CEO and Co-Founder, Michael Meng.
Stellar's platform is utilized by provider practices to advance their engagement in value-based care by improving quality of care and optimizing care coordination. The collaboration between Stellar Health and Accurate Diagnostic Labs will include direct data feeds that will allow providers to make informed decisions that align incentives between providers, patients, and payors.
