WASHINGTON, D.C. AND BOSTON – January 24, 2012 – The West Health Policy Center and Humedica, Inc. today announced a joint collaboration to pursue research opportunities that are centered on cost transparency and cost-effective healthcare delivery. Efforts will highlight opportunities to reduce healthcare costs while preserving or improving the quality of patient care.
“We recognize the tremendous value that Humedica’s capabilities bring to improving healthcare in the United States, and we look forward to working with them to identify low-cost innovations that will transform healthcare delivery,” said Don Casey, Chairman of the West Health Policy Center, which was announced in Washington, D.C. on Monday.
Through the collaboration, independent fellows of the West Health Policy Center will have access to Humedica’s de-identified data and analytics platform, with the purpose of identifying healthcare cost drivers that can be impacted through innovation and low-cost technologies. A cornerstone of the Policy Center is a highly competitive fellowship program that supports the Center’s goal of saving more than $100B over the next ten years by identifying opportunities for immediate action where regulations and reimbursement have not kept up with advances in low-cost technologies and solutions.
Humedica’s novel clinical informatics platform and data provide unparalleled insight into how specific patient populations are treated, which treatments are prescribed, and importantly, the quality, efficacy and cost of this care.
“This collaboration will spotlight numerous opportunities for improvement and will further enable the national dialogue around effective and efficient healthcare,” said Michael Weintraub, President and CEO of Humedica.