HARRISBURG, Pa. and CONCORD, N.H., July 30, 2014 /PRNewswire/ -- Geneia today announced the launch of Theon, an industry-leading platform to help physicians, hospitals, and integrated health systems in accountable care organizations (ACOs) and other shared risk arrangements improve patient care, quality, and cost. Comprised of four cost-effective, care-based modules, Theon delivers actionable analytics that enable all members of a care team to identify and care for patients and populations.

Theon's suite of products includes four modules that provide timely, actionable information needed to make informed health care decisions
"In the four years since the passage of the Affordable Care Act, more than 625 accountable care organizations have been created, and many more are expected. One of the best ways that ACOs can help their patient care teams meet quality and cost goals is to give them user-friendly tools to identify who needs help, exactly when they need it, and what they need to improve their health," said Mark Caron, CEO of Geneia. "That's why Geneia created Theon."

"Theon was born out of Geneia's exhaustive yet unsuccessful market search for an off-the-shelf, all-payer data and analytics platform to identify and care for patients and populations in ACOs, patient-centered medical homes, and pay-for-performance arrangements. We were unable to find the robust platform we needed to strategically and proactively manage clinical and financial indicators, so we leveraged our clinical, analytic, and technical expertise to build our own," said Caron.

Theon's suite of products includes four modules that provide timely, actionable information needed to make informed health care decisions.

Theon's innovative and scalable platform:

Effectively and uniquely integrates clinical, claims, psychographic, and physiologic data from an unlimited number of sources into one platform
Presents a holistic patient view through an intuitive dashboard that supports physician decision-making and care team action
Enables all care team members to see the information and action steps appropriate to their role
Integrates care opportunities within the provider and care team work flow
Improves financial, quality, and health outcomes
Includes a highly effective clinical data model and predictive algorithms that far-exceed the industry norms for predictive accuracy
Theon is already working with health plans to effectively and efficiently manage their risk arrangements, and is now available to physicians and hospitals. One client, a regional health plan with accountable care and pay-for-performance contracts, used Theon to help its physician and hospital partners see at-a-glance how they are performing in their health plan contracts, to characterize their patients based on such metrics as risk scores, health cost, and open care opportunities, and to identify patients who need care coordination following a hospital admission and other additional services. "The Theon platform has helped our physician and hospital partners advance from simply getting data to using data to make informed decisions that positively impact patient health and the patient-provider relationship."

More HCB News