Caradigm, a population health company, and Symphony Analytics, a division of global innovation and development services company Symphony Teleca, have signed a business cooperation agreement to help healthcare providers improve clinical and financial outcomes through comprehensive healthcare analytics solutions.
Under the agreement, Symphony Analytics will provide strategic consulting and implementation services to healthcare providers adopting the Caradigm Intelligence Platform and Caradigm analytics applications, including Caradigm Readmissions Management. Symphony Analytics will also partner with Caradigm to develop and bring to market new predictive analytics applications, such as revenue cycle management analytics, which leverage the clinical, operational and financial data aggregated by the Caradigm Intelligence Platform from across the healthcare community. In addition, Symphony Analytics will offer Caradigm’s analytics solutions to its customer base.
“Transitioning to value-driven care requires advanced analytics to gain insight about patients, populations and performance, as well as the ability to manage change effectively,” said Sandy Murti, Vice President of Partnerships & Alliances at Caradigm. “As experts in advanced analytics and predictive modeling, Symphony Analytics can help on both fronts. We are excited to partner with them to help customers realize greater value from technology.”
“As the first step to managing risk and moving to population health, providers need to harness the power of data,” said Paddy Padmanabhan, Senior Vice President and Global Practice Leader-Healthcare, Symphony Analytics. “Combining Caradigm’s analytics software with Symphony Analytics’ ability to apply predictive modeling to business processes through our Health SymMetricsTM framework enables providers to get the most out of their data and ultimately improve clinical and financial outcomes.”