Thanks in large part to funding from Great Point Partners, Orange Health Solutions recently acquired software development firm MZI HealthCare. As the U.S. healthcare system transitions from a volume-based to a value-based care system, the acquisition will enable Orange to better serve the changing healthcare market.
Jacksonville, Fla.-based Orange Health Solutions develops various technological solutions and provides consulting services for the healthcare industry. It recently released OrangePRO, a cloud-based solution that helps accountable care organizations (ACO) generate reports required by the Centers for Medicare and Medicaid Services (CMS).
Longwood, Fla.-based MZI HealthCare LLC develops solutions for payers, providers and hospitals and also provides consulting services. The number of possible combinations of products and services that comprise a solution is staggering. MZI provides a guide that runs prospective customers through the process of configuring the right solution for their needs.
These solutions include three main components. EZ-Analytics is a big data solution that takes all the data accumulated from visits, tests, claims, imaging and any other data gathered from patient interactions and provides meaningful information. EZ Care is a population health management system that has a disease database and integrates with Johns Hopkins’ ACG case and risk system. EZ-CAP is a suite of applications that facilitate EDI transactions compliant with HIPAA, workflows and other productivity tools.
For example, the solution for a payer, such as a commercial health plan, would consist of the EZ-CAP suite, EZ-CARE, EZ-Analytics and consulting services. An ACO is a type of provider and would get the EZ-Analytics and EZ-Care packages along with consulting services.
As healthcare policies compliant with the Affordable Care Act (ACA) become more common, the industry is shifting away from volume-based care to value-based care. Volume-based care incentivizes providers to perform more activities like tests, lab work and other procedures. Value-based care focuses on the outcome and seeks to reduce the needless costs that come from unnecessary procedures.
Since nearly $4 trillion was spent on healthcare in 2013 there is higher pressure to keep those costs down. That, combined with ACA regulations will shift the market to a value-based model and make solutions like those offered by Orange a necessity.
Edited by
Maurice Nagle
