FOR IMMEDIATE RELEASE
Strategic Partnership to Drive Transformative Outcomes and Reduced Medical Costs for Healthcare Payers
DENVER, CO and SEATTLE, WA — June 7, 2016 — NextHealth Technologies, a leading cloud-based prescriptive analytics and consumer engagement platform company, and Point B, an integrated management consulting, venture investment, and property development firm, announced they have entered into a multiyear agreement to deploy the NextHealth managed services solution to drive transformative outcomes and reduced medical costs for their healthcare clients.
Industry drivers such as cost compression and the impacts of the Affordable Care Act are increasingly forcing health plans to seek solutions with which they can scientifically prove and measure outcomes. “NextHealth has clearly established itself in a class of its own in terms of providing causal medical cost savings through an effective analytics and consumer engagement platform,” said John Bjornson, Point B President Point B Capital. “We became a NextHealth investor last year and are thrilled to see our introduction of NextHealth to Point B Consulting has led to a strategic agreement.”
“Driving medical cost savings is not easy. It requires full organizational support, and is transformative for most at risk organizations. Point B has the executive relationships and managed services experience to drive speed to value,” said Eric Grossman, CEO of NextHealth.
About NextHealth Technologies
NextHealth Technologies (NHT) is a prescriptive analytics and consumer engagement company that measurably reduces medical costs. NextHealth’s turnkey SaaS platform integrates prescriptive analytics, behavioral economics, and multichannel consumer engagement. The platform predicts risk reduction opportunities and then prescribes “nudges” to dramatically improve outcomes. NHT has been able to deliver a sustained and groundbreaking 25% reduction in ER visits and over $17 per member per year in medical claims cost reduction for targeted Medicaid and commercial populations. Use cases include ER visit reduction, out-of-network reduction, and member retention. NextHealth offers an at risk managed services contract based on outcomes. For more information, visit http://www.nexthealthtechnologies.com.
About Point B
Point B Inc. helps organizations form, execute, and thrive. With capabilities including Management Consulting, Venture Investment and Advisory, and Property Development, our integrated businesses provide value to the organizations and communities we serve. Our 100% employee-owned firm was named a Best Workplace in the United States by Fortune magazine, and is regularly honored as an exceptional place to work.
Point B, Inc.