Portico Systems Enhances its Integrated Provider Management Platform

By Anuradha Shukla
TMCnet Contributor

Portico Systems has launched the newest version of its IPM platform.

Portico 9.0 enables health plans to simplify the design, maintenance, reimbursement, and performance management of provider networks.

The new version also facilitates provider-patient collaboration, according to Portico Systems, a provider of Integrated Provider Management (IPM) solutions.

The company notes that factors such as insurance reform and continued market pressure for a more competitive, higher quality and cost effective health system, have transformed the plan-to-provider relationship.

Health plans that aim to create an affordable care promise are leveraging provider networks as building blocks to create value-based products, performance-based contracts and quality-based payment programs.

“This release of our IPM platform enables our customers to unlock the performance of their provider networks while significantly lowering administrative and medical costs,” said Ned Moore, chairman and CEO of Portico Systems. “Our customers are already leveraging this platform to increase their value to the group and individual markets. With this platform our customers can confidently advance product, care and payment innovation.”

Portico Systems further notes that popular plans understand that providing unique medical and economic value to each customer segment is important to their success.

Plans are thus investing in provider management capabilities to innovate how they design networks for care, contract for care and pay for the value of care.

According to Portico Systems, implementation of these changes is expected to result in a 25-35 percent decrease in administrative costs. Implementation will also cause 10-20 percent increase in provider satisfaction and 1-5 percent improvement in network performance.

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