Key Highlights
- Empassion Health and Theoria Medical announce a strategic partnership to deliver enhanced care nationwide, focusing on technology-driven, patient-centric solutions.
- Transition to a Value-Based Care (VBC) model with the High Needs ACO REACH program, aiming to improve patient outcomes and reduce healthcare costs.
- Patients to benefit from lower out-of-pocket costs, additional care services, and supportive measures not typically covered by Medicare.
Source: PR Newswire
Notable Quotes
- “Empassion Health is thrilled to support the Theoria Medical mission of changing healthcare delivery. Theoria’s commitment to high quality providers, a great care model, and technology innovation will make them successful in their transition into value-based care.” – Chase Knight, SVP of Growth at Empassion Health
- “We are delighted to announce our partnership with Empassion Health and embark on the journey to further advance high quality care for our patient populations. The High Needs ACO REACH program is the first step in our vision to expand into many more innovative care models.” – Kevin Pezeshkian, CSO at Theoria Medical
SoH's Take
The partnership between Empassion Health and Theoria Medical marks a significant stride in the healthcare industry, particularly in enhancing patient care quality while strategically reducing costs. By shifting from a fee-for-service to a value-based care model, the alliance is set to reshape patient experiences positively. This strategic move not only reflects the evolving landscape of healthcare provision but also underscores the commitment of both organizations to prioritize patient outcomes and satisfaction. It’s a forward-thinking approach that other healthcare entities might observe and adopt, aiming for a more sustainable, outcome-driven healthcare system. The commitment to innovative technology and comprehensive care models ensures a more integrated and efficient healthcare delivery, setting a new standard for quality and cost-effective care.
