Koan Health Buys ZirMed Inc.'s Value-Based Care Business, Becomes Preferred Partner

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May 03, 2017, 08:40 ET

DALLAS, May 3, 2017 /PRNewswire/ -- Koan Health, a leading health care analytics and advisory firm, has acquired ZirMed Inc.'s, value-based care analytics business, including its clients, solutions and core staff. It will also become the Louisville, Ky.-based financial and clinical performance management firm's preferred partner for value-based care services.

Since its launch in 2012, Koan Health's predictive analytics and support have helped accountable care organizations and health systems meet the demands of public and commercial pay-for-value arrangements in population health and specific episodes of care, including congestive heart failure, stroke, major joint replacement and pneumonia.

"From the start, our goal has been to bring providers the insights they need to serve patients better and improve overall results," said DT Nguyen, Koan chairman and chief executive officer. "With this new acquisition and relationship, we're making an exponential leap in our ability to support smart care management and drive high-value performance."

The value-based analytics platform Koan purchased aggregates clinical and financial data from electronic health records and insurance claims to deliver real-time quality tracking, identify gaps in care, stratify at-risk patients, and provide deep cost and utilization analyses. The acquisition greatly expands Koan's core capabilities in clinical data integration, quality analytics and quality measure management.

"DT and his team have a proven track record in navigating the complexities of value-based reimbursement and a commitment to high-quality service and innovative technology," said Tom Butts, ZirMed chairman and chief executive officer. "We look forward to working together closely to help our clients succeed in a pay-for-value world."

Jeff Hayes, Koan executive vice president and co-founder, will direct the newly acquired business, which will be integrated into Koan's Datalyst | Population and Datalyst | Episode solutions. "We have great admiration for ZirMed, its people and its offerings," Hayes said. "We're excited about the opportunities for growth and complementary services our new relationship represents."

About Koan Health
Koan Health is a health care analytics and advisory firm that helps health care organizations improve performance in value-based relationships. Koan's sophisticated predictive analytics let accountable providers and payers understand their networks, provider performance and costs—and target powerful interventions to improve clinical and financial results. The company's proprietary platform can array and analyze millions of data points instantly to forecast the use of health care services to improve performance in population health and specific episodes of care. Learn more at www.koanhealth.com.

About ZirMed
ZirMed Inc. empowers healthcare organizations to optimize revenue with a dynamic end-to-end platform of cloud-based financial management solutions—including claims management, charge integrity, accounts receivable management, and eligibility and coverage detection. By combining breakthrough predictive analytics technology with innovative development and the industry's most advanced transactional network, ZirMed's award-winning solutions extract actionable insights that improve clients' revenue cycles and support effective management of population health—while streamlining workflows and increasing operating efficiencies. Learn more at www.zirmed.com.

For additional information:
Jeff Hayes, Co-Founder and Executive Vice President
Koan Health
972-479-5161

SOURCE Koan Health