xG Health Solutions celebrates one year anniversary
COLUMBIA, Md., Feb. 3, 2014
Geisinger startup reflects on 2013 accomplishments, positioned for 2014
COLUMBIA, Md., Feb. 3, 2014 /PRNewswire-USNewswire/ -- With support from a $40
million investment from Oak Investment Partners, Geisinger Health System a
year ago helped launch independent for-profit xG Health Solutions™, dedicated
to transforming health care delivery in a risk-based financial environment.
"We have the ability and opportunity now to improve the way health care is
delivered and improve patient outcomes while reducing health care costs," said
xG Health CEO Earl Steinberg, M.D., MPP.
To accomplish its mission of helping health care providers be successful in
improving patient care under risk-based payment arrangements, xG Health uses
Geisinger's lauded experience and innovations in delivering patient care. xG
Health's mission is supported by Glenn D. Steele Jr., M.D., Ph.D., president
and CEO of Geisinger Health System, and chairman of the xG Health board of
xG Health is in a long-term, close collaboration to help push the
transformative power of the Geisinger model into health care nationwide.
"With our Geisinger partnership, we have a $4 billion research and development
shop and access to experts who are on the front lines of innovation and
delivery," emphasized Dr. Steinberg, who is also Geisinger's executive vice
president of Innovation & Dissemination.
A few highlights from xG Health's inaugural year:
Results: xG Health achieved 16 percent reduction in admissions and
readmissions and improved quality measures by 50 to 300 percent at West
Virginia United Health System. New programs and care modeling reduced total
cost of care by 5 percent at Eastern Maine Pioneer ACO.
Customers. xG Health closed 2013 with 23 customers -- a diverse group of
provider organizations that showed strong commitment to volume-to-value
transformation, the key criterion in client selection. xG Health's clients
include: Phoebe Putney Health System in Albany, Ga.; Integrated Delivery
System of Spokane, LLC -- a joint venture between Group Health Cooperative and
Providence Health Care in the Pacific Northwest; and Eastern Health Alliance,
the regional health system of eastern Singapore.
Solutions and Products. xG Health solutions include tools, expertise and
essential services. The xG Health approach acknowledges that tools are
necessary but not sufficient to produce results, helping clinicians identify
the highest priority actions for their patients, interpret results of analysis
and integrate them into their daily workflows. An innovative multi-payer
product, bundle payment initiative, unique approach to case management and
implementation of advanced medical homes focus on helping providers deliver
better-quality and lower-cost care.
Our people, culture and values. 100 employees strong, xG Health has built a
team that brings deep experience in population health, clinical, payer,
payment innovation, health care data analytics and operations.
What you can expect from in 2014. Continued focus on quality and innovation.
Strong results derived from a tireless commitment to customers' success on
their way to value-based care.
"I am proud of how much we have been able to accomplish in our first year.It
is rewarding to see how xG Health is applying Geisinger innovations to bring
strong results and changes to other health systems," said Dr. Steele. "This
year, we will continue improving quality and reducing cost of care in many
diverse communities -- from Pennsylvania to Georgia to the Pacific Northwest."
About xG Health Solutions
xG Health Solutions' mission is to help health systems and others committed to
high quality, value-based care succeed under risk-based payment arrangements.
Our volume-to-value roadmap, care design and delivery, population health
analytics, and financial optimization services are powered by Geisinger Health
System's methods that have been proven to achieve best-in-class outcomes. xG
Health is the primary provider of Geisinger's Healthcare Performance
Improvement Intellectual Property. xG Health also provides experienced
professionals to partner in developing and implementing strategies focused on
improving quality and reducing cost of care over the long haul. For more
information, visit www.xghealth.com, or follow the latest xG Health news and
more on LinkedIn or Twitter.
About Geisinger Health System
Geisinger is an integrated health services organization that has been widely
recognized for its innovative use of the electronic health record and the
development and implementation of innovative care models, including
ProvenHealth Navigator (an advanced medical home model) and its ProvenCare
program.Geisinger Health Plan, the insurance affiliate of Geisinger Health
System, serves members in Pennsylvania, Maine, New Jersey, and West
Virginia.The plan is consistently ranked among the top-ranked health plans in
Pennsylvania and the nation, according to the National Committee for Quality
Assurance's (NCQA) annual Private and Medicare Health Insurance Plan Rankings.
For more information, visit www.geisinger.org and www.thehealthplan.com.
CONTACT: Tatiana Nikitina, xG Health, o: 443-203-1079, m: 917-749-4603,
SOURCE Geisinger Health System
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