Healthcare Outcomes Performance Company acquires Stryker-related bundled payment business
Healthcare Outcomes Performance Company announced the acquisition of Stryker Performance Solutions’ Bundled Payment for Care Improvement Initiative business, according to a press release.
The Bundled Payment for Care Improvement Initiative is a value-based care business and was a segment of Stryker Performance Solutions’ (SPS) health system orthopedic service business, according to the release.
Healthcare Outcomes Performance Company (HOPCo) will acquire the convener and orthopedic analytics subscription business lines of SPS, as well as the outcome management software, Episode Performance Manager, of the business and Stryker’s clinically integrated network.
“HOPCo has been at the forefront of delivering successful advanced alternative payment models since 2005 and has a proven track record of results of partnering with hospitals, payers and physician groups to deploy programs that improve patient outcomes while bending the cost curve to improve the financial performance of all stakeholders. With this acquisition, HOPCo will expand its population health and musculoskeletal management programs to existing SPS and HOPCo customers, as well as new customers throughout the U.S.,” David Jacofsky, MD, CEO of HOPCo, said in the release. “With HOPCo’s robust array of tools and analytics, and the addition of these assets developed by SPS, we can better help align stakeholders to drive their market transformation as they become more operationally efficient and lead the move toward value-based care,” he added.
“We’re confident that this decision sets our customers up for continued success,” Brian McCrone, vice president of SPS, said in the release. “Stryker will continue to focus on the expansion of its Mako Program Analytics offering and execute on the company’s future vision with SmartRobotics. Our data analytics focus on Mako will complement the services HOPCo will provide. Our aim is to help facilities realize the full potential of Mako SmartRobotics and provide solutions to enable better decision-making as well as strong patient engagement,” McCrone added.