Nonprofit health system creates population health management company
The nation’s third-largest nonprofit health system, Providence St. Joseph Health, has created a for-profit population health management company called Ayin Health Solutions.
The company will equip payers, providers, employers and government entities with the expertise and services to reduce costs, improve care and work toward the transition to population health.
“These are tumultuous times for the healthcare industry and organizations are eager for proven strategies and solutions that will stabilize their business and guide their shift toward a new standard of care,” Rhonda Medows, MD, CEO of Ayin Health Solutions and president of Population Health at Providence St. Joseph Health, said in a statement. “We know that when health organizations are able to achieve clinical and financial success, they are better able to influence and care for the communities they serve.”
Ayin will help Providence, based in Renton, Washington, improve clinical outcomes, simplify patient access to information, lower healthcare costs and meet payer and business requirements. The population health management business will offer its services to external health payers, providers, employers and government entities.
"Ayin’s establishment as a for-profit company allows us to work directly with payers, providers, employers and government entities. It also gives us the flexibility to acquire new capabilities, technologies, capital and strategic partnerships," Medows told HealthExec in an emailed statement.
The services will include a pharmacy benefits manager that partners with pharmacists and physicians across the care continuum. In addition, Ayin will have a proprietary risk evaluation tool and comprehensive reporting to help manage healthcare costs and improve patient outcomes. It will also offer an employee health benefits service that tailors benefit programs to an organization’s needs, according to the announcement.
“With Ayin we have a tremendous opportunity to take our knowledge and value-based care proficiencies and extend that expertise to payers and organizations outside of the PSJH system,” Medows said. “We will leverage our leadership, day-to-day frontline expertise and heritage of service to deliver population health solutions and services that will deliver real impact.”
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."