SCIO Health Analytics buys rival Clear Vision, will focus on value-based care
SCIO Health Analytics has acquired Westlake Village, California-based Clear Vision Information Systems, the companies announced Thursday. Financial terms of the deal were not disclosed.
Clear Vision provides software-as-a-service analytics focused on risk adjustment and quality metric strategies for health plans and providers.
SCIO Health Analytics CEO Siva Namasivayam said combining Clear Vision's analytics offerings and outreach services with SCIO's predictive and prescriptive analytics tools will help clients better manage the transition from fee-for-service to value-based care.
Namasivayam points to the government’s goal of tying 30 percent of payments to value-based mechanisms such as accountable care organizations by the end of 2016, and 50 percent by the end of 2018, and said the combined offering will help ease the shift.
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The acquisition of Clear Vision – whose clients include government and commercial health plans/payers, providers, medical groups and ACOs – adds to SCIO’s offerings in the ever-growing analytics market.
"The two sets of technologies dovetail nicely to deliver a well-rounded picture of the changes organizations need to make to achieve their goals,” said Tom Peterson, founder, president and CEO of Clear Vision, in statement
Peterson founded Clear Vision with Pam Klugman in 2006. Both will join SCIO Health Analytics in executive roles.