SAN FRANCISCO, CA and TROY, MI, February 25, 2024– Arbital Health, a healthcare technology and actuarial leader that centralizes, measures, and adjudicates value-based care contracts at scale, today announced its strategic partnership with HarmonyCares, a leading value-based care provider of in-home primary care services for people with complex healthcare needs. This collaboration will enable HarmonyCares to streamline the reconciliation of value-based care contracts, optimize contract performance monitoring, and deliver actionable insights critical to improving senior care outcomes across its value-based arrangements.
For more than 30 years, HarmonyCares has delivered industry-leading, compassionate care to seniors with complex healthcare and social needs in the comfort of their homes. Today, HarmonyCares supports over 70,000 patients across 17 states through value-based care partnerships with Medicare Advantage plans and Medicare ACO programs. Together, Arbital Health and HarmonyCares aim to drive better outcomes and efficiencies in delivering care to vulnerable populations.
“Our partnership with Arbital Health provides our team with a critical platform for value-based care contract performance monitoring,” said Zack Mulligan, Chief Financial Officer at HarmonyCares. “Our goal is to identify cost drivers before they occur and strategically invest in areas that positively impact the care and health outcomes of the seniors we serve. The combination of purpose-built technology with deep actuarial expertise that Arbital Health provides will be a helpful tool as we grow, scale, and find better ways to serve our patients.”
“Our urgent need for comprehensive, granular-level value-based contracts reporting on how we perform in terms of utilization will now be met through our partnership with Arbital Health,” said Alexander Sozdatelev, Chief Business Officer at HarmonyCares. “The ability to track, standardize, and analyze payer data related to the contracts with actuarial precision is step-changing to our operations.”
This strategic collaboration reflects HarmonyCare’s commitment to driving improved outcomes and cost efficiencies, with a strong operational focus on Medicare Advantage, MSSP ACO, and ACO REACH and at-home clinical services for seniors.
“With our platform, we are helping HarmonyCares accurately assess timely contract performance and gain actionable insights to support their continued success. A major challenge in value-based care is the misalignment of performance metrics, making contract reconciliation difficult due to the complexity,” said Jesica Freeman, Chief Product Officer at Arbital Health. “Traditional approaches are often inadequate when finance teams lack a platform technology that can ingest disparate data files aligned to contract-specific performance rules, manage patient attribution, and reconcile contracts independently at scale.”
Brian M. Overstreet, President & CEO at Arbital Health added, “We are excited to partner with the team at HarmonyCares. They are leaders and innovators in home-based primary care delivery, and we are grateful for the opportunity to help them accelerate their noble vision to better serve vulnerable patients nationwide through physician-led in-home care.”
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