Bundled payment and care coordination technology firm PinpointCare has secured $11 million from private investors and existing customers to be used for the company's enterprise solutions.
“It eliminates long and complicated projects with easy implementations, zero infrastructure footprint, and significant speed-to-value, while putting the entire (post-acute care) PAC network in the hands of each care team member,” Pinpoint's Chief Executive Officer Joel Splan said.
From its headquarters in Chicago, Pinpoint offers services that connect patients' health-related episides to their health care providers' complete acute and post-acute networks. That platform used by the company allows for personalized care planning, monitoring and communication. Its aim is to help providers decrease waste and be more financially accountable with regard to coordination of patient care.
“The recent announcement by the Centers for Medicare and Medicaid Services requiring hospitals in 75 markets to participate in its Comprehensive Care for Joint Replacement Model has created a financial incentive for good patient care coordination, underscoring the timeliness and importance of our solution," Splan said. "With more than 800 hospitals facing this challenge, PinpointCare is ready with the only proven, fully automated platform in this space to help them manage this challenge right now.”
PinpointCare’s technology is less costly and less labor intensive than other bundled payment methods. For more information about Pinpoint, visit www.pinpointcare.com.