The Iowa Clinic Signs Multi-Year Agreement with Counterpart Health to Deploy Proven AI Technology to Hundreds of Providers Across the Midwest
Counterpart Health, a subsidiary of Clover Health (NASDAQ: CLOV), has signed a multi-year agreement with The Iowa Clinic, a leading multispecialty healthcare group in the US. The Iowa Clinic, with over 250 providers across 40+ specialties, will deploy Counterpart's AI-powered physician enablement platform, Counterpart Assistant, to its Medicare Advantage and Medicare Shared Savings Program patients.
The platform will also be available to The Iowa Clinic's clinically integrated network partners in the Midwest. Counterpart will receive a per-member, per-month fee and potential incentive payments based on care management goals. The AI-enabled solution is designed to support earlier diagnosis and management of chronic diseases, with Clover Health reporting a 1,000 basis point medical cost ratio differential for members whose PCPs use Counterpart Assistant versus those who don't.
Counterpart Health, una filiale di Clover Health (NASDAQ: CLOV), ha firmato un accordo pluriennale con The Iowa Clinic, un importante gruppo sanitario multispecialistico negli Stati Uniti. The Iowa Clinic, con oltre 250 professionisti in oltre 40 specialità, utilizzerà la piattaforma di abilitazione per i medici basata su intelligenza artificiale di Counterpart, Counterpart Assistant, per i suoi pazienti del Medicare Advantage e del Programma di Risparmi Condivisi del Medicare.
La piattaforma sarà disponibile anche per i partner della rete clinicamente integrata di The Iowa Clinic nel Midwest. Counterpart riceverà una tariffa per membro, per mese e potenziali pagamenti incentivanti basati sugli obiettivi di gestione della salute. La soluzione abilitata dall'IA è progettata per supportare una diagnosi e una gestione più precoci delle malattie croniche, con Clover Health che riporta un differenziale di 1.000 punti base nel rapporto sui costi medici per i membri i cui medici di famiglia utilizzano Counterpart Assistant rispetto a quelli che non lo fanno.
Counterpart Health, una subsidiaria de Clover Health (NASDAQ: CLOV), ha firmado un acuerdo de varios años con The Iowa Clinic, un importante grupo de atención médica multispecializado en EE. UU. The Iowa Clinic, con más de 250 proveedores en más de 40 especialidades, implementará la plataforma de habilitación de médicos impulsada por inteligencia artificial de Counterpart, Counterpart Assistant, para sus pacientes de Medicare Advantage y del Programa de Ahorros Compartidos de Medicare.
La plataforma también estará disponible para los socios de la red clínicamente integrada de The Iowa Clinic en el Medio Oeste. Counterpart recibirá una tarifa por miembro y por mes y pagos incentivados potenciales basados en los objetivos de gestión del cuidado. La solución habilitada por IA está diseñada para apoyar un diagnóstico y manejo más temprano de enfermedades crónicas, con Clover Health informando una diferencia de 1,000 puntos base en la relación de costos médicos para los miembros cuyos médicos de atención primaria utilizan Counterpart Assistant en comparación con aquellos que no lo hacen.
카운터파트 헬스는 클로버 헬스 (NASDAQ: CLOV)의 자회사로서, 미국의 주요 다전문 건강 관리 그룹인 아이오와 클리닉과 다년간의 계약을 체결했습니다. 아이오와 클리닉은 40개 이상의 전문 분야에 걸쳐 250명 이상의 제공자가 있으며, 카운터파트의 인공지능 기반 의사 지원 플랫폼인 카운터파트 어시스턴트를 Medicare Advantage 및 Medicare Shared Savings Program 환자들에게 배포할 것입니다.
이 플랫폼은 중서부 지역의 아이오와 클리닉의 임상 통합 네트워크 파트너에게도 제공될 것입니다. 카운터파트는 회원당 월별 요금과 치료 관리 목표를 기반으로 한 잠재적인 인센티브 지급을 받을 것입니다. 이 AI 기반 솔루션은 만성 질환의 조기 진단 및 관리를 지원하도록 설계되었으며, 클로버 헬스는 카운터파트 어시스턴트를 사용하는 주치의와 사용하지 않는 주치의의 회원에 대해 의학 비용 비율에서 1,000 베이시스 포인트의 차이를 보고하고 있습니다.
Counterpart Health, une filiale de Clover Health (NASDAQ: CLOV), a signé un accord pluriannuel avec The Iowa Clinic, un groupe de santé multispecialiste de premier plan aux États-Unis. The Iowa Clinic, qui compte plus de 250 prestataires dans plus de 40 spécialités, déploiera la plateforme d'habilitation des médecins basée sur l'intelligence artificielle de Counterpart, Counterpart Assistant, pour ses patients du Medicare Advantage et du Programme d'Économies Partagées Medicare.
La plateforme sera également disponible pour les partenaires du réseau intégré cliniquement de The Iowa Clinic dans le Midwest. Counterpart recevra une redevance par membre et par mois ainsi que des paiements d'incitation potentiels basés sur des objectifs de gestion des soins. La solution activée par l'IA est conçue pour soutenir un diagnostic et une gestion plus précoces des maladies chroniques, Clover Health rapportant un écart de 1 000 points de base dans le ratio des coûts médicaux pour les membres dont les médecins traitants utilisent Counterpart Assistant par rapport à ceux qui ne le font pas.
Counterpart Health, eine Tochtergesellschaft von Clover Health (NASDAQ: CLOV), hat eine mehrjährige Vereinbarung mit The Iowa Clinic, einer führenden multispezialisierten Gesundheitsgruppe in den USA, unterzeichnet. The Iowa Clinic, mit über 250 Anbietern in mehr als 40 Fachgebieten, wird die KI-gestützte Ärzteunterstützungsplattform Counterpart Assistant für ihre Medicare Advantage- und Medicare Shared Savings Program-Patienten verwenden.
Die Plattform wird auch den klinisch integrierten Netzwerkpartnern von The Iowa Clinic im Mittleren Westen zur Verfügung stehen. Counterpart erhält eine Gebühr pro Mitglied und Monat sowie potenzielle Anreizzahlungen basierend auf den Zielen des Care Managements. Die KI-fähige Lösung ist darauf ausgelegt, eine frühzeitige Diagnose und Behandlung chronischer Krankheiten zu unterstützen, wobei Clover Health einen Unterschied von 1.000 Basispunkten im Verhältnis der medizinischen Kosten für Mitglieder berichtet, deren Hausärzte Counterpart Assistant nutzen, im Vergleich zu denen, die es nicht tun.
- Multi-year agreement with a leading healthcare provider expands Counterpart Health's presence in the Midwest
- Per-member, per-month fee structure with potential for additional incentive payments
- Counterpart Assistant has shown a 1,000 basis point medical cost ratio improvement for Clover Health's Medicare Advantage plans
- Technology will be available to The Iowa Clinic's network partners, potentially increasing user base
- None.
This partnership marks a significant expansion for Counterpart Health into the Midwest market, potentially boosting its revenue stream. The
Financially, the most striking data point is the
Counterpart Assistant represents a cutting-edge application of AI in healthcare. Its ability to integrate real-time insights from 100+ data sources and utilize 100+ machine learning models for early disease detection is impressive. This level of data integration and analysis could significantly enhance clinical decision-making and patient outcomes.
The platform's focus on chronic disease management is particularly relevant given the aging population and rising healthcare costs. If Counterpart can consistently deliver on its promise of earlier diagnosis and better management of costly chronic diseases, it could become a game-changer in value-based care models. The key challenge will be ensuring seamless integration into existing workflows and demonstrating consistent results across different healthcare settings.
This deal signals a growing trend towards AI adoption in healthcare, particularly in managing complex patient populations like Medicare Advantage members. The Iowa Clinic's decision to implement Counterpart Assistant across its network suggests a strong market demand for AI-powered clinical support tools.
The partnership's potential to extend to The Iowa Clinic's clinically integrated network partners throughout the Midwest indicates a significant market expansion opportunity for Counterpart Health. This could lead to a network effect, where success with The Iowa Clinic might drive adoption among other healthcare providers in the region. However, the competitive landscape for AI in healthcare is intensifying and Counterpart will need to maintain its technological edge and demonstrate consistent results to capitalize on this opportunity fully.
FRANKLIN, Tenn., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Today, Counterpart Health, Inc. (“Counterpart”), a leading AI-powered physician enablement platform, announced a multi-year agreement with The Iowa Clinic, P.C., one of the most highly regarded multispecialty healthcare groups in the United States. This deal positions The Iowa Clinic as one of Counterpart's anchor customers in the Midwest, as Counterpart drives a broader strategic expansion across the country. Counterpart is a subsidiary of Clover Health Investments, Corp. (NASDAQ: CLOV) (“Clover Health”).
Founded in 1994, The Iowa Clinic is a benchmark for excellence in American healthcare, recognized as one of America's Top 100 Healthcare Providers by Becker's Hospital Review and a recipient of multiple Press Ganey Guardian of Excellence Awards for patient satisfaction. As the largest physician-owned multispecialty group in its community, with over 250 providers across more than 40 specialties, The Iowa Clinic is celebrated for its pioneering physician-governed, patient-centered model. It also has been recognized for its leadership in patient safety by the Leapfrog Group and quality care by the NCQA. The clinic is a frequent collaborator in national research and an early adopter of advanced diagnostic technologies, with its physicians regularly featured in Castle Connolly's list of America’s Top Doctors. Renowned for its clinical expertise and commitment to innovation, The Iowa Clinic consistently delivers world-class, patient-centered care.
Under the terms of the agreement, clinicians serving The Iowa Clinic’s Medicare Advantage and Medicare Shared Savings Program patients will use Counterpart Assistant, Counterpart Health’s cutting-edge cloud-based software platform. Additionally, the platform will be made available to The Iowa Clinic’s clinically integrated network partners throughout the Midwest. Counterpart will receive a per-member, per-month fee, as well as potential incentive payments contingent on achieving certain care management goals.
“Counterpart Assistant was engineered in one of the most challenging healthcare markets in the nation, attracting leading payors and provider groups dedicated to addressing the complex needs of patients in challenging markets,” said Andrew Toy, CEO of Clover Health. “The Iowa Clinic stands at the forefront of innovative, value-based care solutions, and we are confident our technology will deliver substantial clinical value to the hundreds of physicians within this distinguished provider group, as well as their Medicare patients.”
“We take great pride in being a leader in the adoption of innovative medical technologies and treatments, always with the aim of elevating the quality of care our patients receive,” said Ben Vallier, CEO of The Iowa Clinic, P.C. “Counterpart’s ability to harness clinical data to drive improved outcomes, combined with its intuitive design that understands the needs of practicing clinicians, stood out among other potential solutions, and makes it a perfect fit for our organization. We are very optimistic about the immediate and long-term clinical and financial value it will bring to our providers and patients alike.”
Built on technology originally developed by Clover Health, Counterpart Assistant is an AI-enabled solution designed to seamlessly integrate into physicians’ workflows, supporting earlier diagnosis and management of chronic diseases, and is currently used by over a thousand physicians as part of their daily workflow to enhance patient care. By leveraging real-time insights from more than a hundred data sources and utilizing over one hundred machine learning models, providers using Counterpart Assistant can identify, diagnose, and treat some of the most costly chronic diseases earlier. For example, Clover Health has seen over a 1,000 basis point medical cost ratio (MCR) differential between returning members of its Medicare Advantage plans whose primary care physicians (PCP) use Counterpart Assistant versus those members whose PCPs do not. As Counterpart’s largest customer, the success of Clover Health’s PPO-focused Medicare Advantage plans stand as a powerful testament to the value the technology can bring to plans and providers managing Medicare risk.
For companies interested in learning more about how Counterpart can reduce the total cost of care in value-based care models through advanced chronic disease management, visit www.counterparthealth.com.
About Counterpart Health
Counterpart Health, a subsidiary of Clover Health Investments, Corp., or Clover Health, is a leading AI powered physician enablement platform. Counterpart Health’s flagship software platform, Counterpart Assistant, was incubated by Clover Health as Clover Assistant and has helped improve plan performance and clinical outcomes for Medicare members through proprietary AI technology. Counterpart Health extends the benefits of the data-driven technology platform outside of Clover Health’s Medicare Advantage plan to a wider audience, to enable enhanced patient outcomes and reduced healthcare costs nationwide. Clover Health has published data demonstrating the technology’s impact on Medication Adherence, as well as the earlier identification and management of Diabetes and Chronic Kidney Disease.
About The Iowa Clinic, P.C.
Formed in 1994, The Iowa Clinic is the largest independent, physician-owned multi-specialty group in the Des Moines community with more than 250 physicians and healthcare providers practicing in 40-plus specialties. The organization’s primary location is a 170,000 square-foot state-of-the-art medical facility located in West Des Moines. The Iowa Clinic has eight additional clinic sites throughout the Des Moines metropolitan area, as well as numerous outreach clinics in rural areas. The organization serves a population of 1.1 million patients averaging 450,000 visits per year. For additional information, visit iowaclinic.com.
Press Contact:
Andrew Still-Baxter
press@cloverhealth.com
Investor Relations Contact:
Ryan Schmidt
investors@cloverhealth.com
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