SpectraMedix and Foresight Health Solutions Partner for AI-Enabled Value-Based Payment Technologies, Championing Health Equity and Social Determinants

Collaboration Improves Healthcare Access, Equity, Quality and Savings Optimization for Value-Based Contracts EAST WINDSOR, N.J., May 9, 2024 /PRNewswire/ -- SpectraMedix, a leading value-based contract analytics and provider enablement platform for health plans and health systems,...

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, /PRNewswire/ -- SpectraMedix, a leading value-based contract analytics and provider enablement platform for health plans and health systems, announced today a strategic partnership with Foresight Health Solutions, a pioneer in AI-driven social determinants of health (SDoH) risk management and health equity analytics. A significant advancement in the industry, this partnership will offer unparalleled capabilities to care providers and health plans in predicting comprehensive health risks using SDoH and health disparity data. This partnership will accelerate the understanding of what is driving cost and outcomes for vulnerable populations, enabling organizations to achieve greater success in value-based care.

SpectraMedix's best-in-class technology enables health plans and health systems to analyze financial, quality, risk, utilization, and health equity information to understand value-based contract performance and identify opportunities for improvement. Foresight Health adds expertise in AI-enabled analysis of SDoH and care management data for risk identification, and to accurately pinpoint care interventions that would be most impactful in mitigating risks. The integration will provide a more complete picture of root-cause cost and health factors, improving healthcare access, equity, quality and savings across business lines to optimize value-based contracts and help providers deliver better, more informed care.



"Our partnership brings additional transparency around how so.