Benzinga | Aug 3, 2021 09:01AM EDT

Clover Health Reports Launch Of Partnership With ValueH In Florida, No Terms Disclosed

Today, Clover Health (NASDAQ:CLOV) ("Clover"), an innovative technology company committed to improving health equity for America's underserved seniors, announced a strategic partnership with ValueH, a leading member organization focused on Value-Based Care. Through the arrangement, ValueH will support Accountable Care Organizations (ACOs) and Management Services Organizations (MSOs) participating in Clover's Direct Contracting Entity beginning in 2022.

Clover's DCE will enable providers to manage the care of their Original Medicare patients with the Clover Assistant. The Clover Assistant is a clinical software tool used by doctors at the point of care to provide them with data-driven, personalized recommendations to improve how they care for their patients. Participating providers can benefit from:

* Unified, Actionable Data: access lab results, prescription lists, and previous diagnoses, including those from other clinicians

* Personalized Care Plans: receive and share new information at each patient visit and have access to clinical decision support

* Simple, Fast Reimbursement: receive the Clover Assistant reimbursement within seven days for each patient seen with the Clover Assistant

"We are excited to partner with ValueH to help support our efforts to increase the quality of care delivered to patients while simultaneously lowering medical costs," said Kevin Murphy, Executive Director of Clover Health Partners. "We believe Direct Contracting has the potential to increase the growth of value-based models, specifically for the Medicare population."

"The team at ValueH has deep experience with value-based care, best practices, and enablement services that they share with Florida accountable care organizations and managed care organization leaders," said Kelly Conroy, Chief Executive Officer of ValueH. "Our partnership with Clover allows us to continue to champion independent practices while enhancing each entity's ability to make measurable improvements in care."

Clover Health Partners has seen significant traction as a Direct Contracting Entity since it began participating in the Centers for Medicare & Medicaid Services' Global and Professional Direct Contracting Model. As of April 1, 2021, it had contracted with approximately 1,800 individual providers across eight states and had over 65,000 claims aligned beneficiaries.