Solution allows Part D plans to improve health outcomes and reduce costs using personalized member insights
Arlington, Va. (August 25, 2021) — CareJourney, a leading healthcare analytics company, announced today a collaboration with MyMeds, a Digital + Human company focused on personalizing the medication experience through real-time actionable insights. The collaboration will create the first and only comprehensive platform for Part D plans to manage risk and gain insight into care delivery for their enrolled members, tapping CMS’ AB2D service, a “bulk” FHIR-based “payer to payer” data sharing platform.
“For success in value-based care, it’s critical to have a real-time, data-driven, Digital + Human member experience,” says Dr. Rajiv Shah, founder and CEO at MyMeds. “We are excited to partner with CareJourney to provide Part D plans with personalized, relevant member insights that truly make an impact on health outcomes and costs.”
How Does it Work?
The MyMeds Engage platform will integrate CareJourney’s advanced individual level analytics and associated cohort benchmarks to provide a 360-degree view of patients for clinical teams. The collaboration taps into the Center for Medicare and Medicaid Services (CMS) AB2D API, which provides Part D Plan sponsors with medical claims history for their members.
The combined offering marries MyMeds expertise in Part D medication adherence and STARS management with CareJourney’s deep expertise supporting value-based care providers by deriving actionable insights from medical claims data, including “innovator” access to 100% of the linked parts A/B/D beneficiary data via CMS’ virtual research data center.
Why It Matters
In the continued shift to value, more plans will take on risk, and focus on improving cost and quality of care. In doing so, it is essential to have a holistic view of the population for whom you are providing care. With the launch of the AB2D program, for the first time ever, Part D plans are in a position to take this holistic approach and are best served by a platform that delivers all the insights they need in one cohesive environment.
There are also multiple benefits for patients:
- Enhancing patient safety through improved care coordination and medication use
- Optimizing outcomes through monitoring treatment effectiveness over time
- Reduced burden in providing a complete medical history
“We are thrilled to partner with MyMeds to democratize access to personalized care coordination for those enrolled in Part D plans,” says Aneesh Chopra, president of CareJourney. “The AB2D program enables weekly-access to beneficiary claims data to more rapidly identify beneficiaries at risk of poor health outcomes for timely outreach, a shared passion for our CareJourney and MyMeds teams.”
CareJourney’s mission is to empower individuals and organizations they trust with open, clinically-relevant analytics and insights in the pursuit of the optimal healthcare journey. Headquartered in Arlington, VA, CareJourney currently supports leading payer, provider, and life sciences organizations across the US in achieving their goals by wringing new, high-value insights out of expansive population claims data. Through our solutions, we provide members with interactive dashboards around network design and management, care model management, patient risk segmentation, and cohort analysis, spend and utilization trends, network integrity, low-value care, and provider, practice and facility (acute and post-acute) performance. Please visit us at www.carejourney.com for more.
MyMeds is a Minneapolis-based, Digital + Human company whose mission is to help the millions of people who have chronic medical conditions live happier, healthier lives. We are the chosen partner of some of the world’s most trusted healthcare companies to ensure success in value based care. Our unique, patented ACE Medication Experience – Adhere, Connect and Engage – is designed upon principles of cognitive psychology to create long-term, sustainable behavioral change via a data-driven, personalized, team-based approach. We close the loop between consumers, caregivers and clinical teams to ensure that our customers and users achieve better health outcomes and improve total cost of care. For more information about MyMeds, please visit us at www.my-meds.com.