May 25, 2013 11:09 PM ET

Health Care Technology

Company Overview of MedVentive, Inc.

Company Overview

MedVentive, Inc., an accountable care organization, provides clinical integration solutions. It offers MedVentive Population Manager, a clinical integration tool that serves as a network platform for clinical integration programs and drives focused improvements in care delivery and real improvements in population health; clinical integration/population management, need intervention, compliance, and financial risk management; MedVentive Risk Manager, which provides a single clarifying view that spans client’s enterprise; and credentials verification services. The company was incorporated in 1997 and is based in Waltham, Massachusetts. As of September, 2012, MedVentive, Inc. operates as a subs...

Detailed Description

400 Fifth Avenue

Suite 200

Waltham, MA 02451

United States

Founded in 1997

Phone:

781-290-2500

Fax:

781-290-2501

www.medventive.com

Key Executives for MedVentive, Inc.

Chief Executive Officer
Age: 51
Founder
Age: 58
Chief Financial Officer
Vice President of Strategy & Business Development - Mckesson Technology Solutions
Age: 51
Chief Technology Officer
Compensation as of Fiscal Year 2012.

MedVentive, Inc. Key Developments

Mount Carmel Health Partners Chooses MedVentive, Inc.'s Population Manager to Support Clinical Integration

Mount Carmel Health Partners in Columbus, Ohio, has chosen MedVentive, Inc.'s Population Manager(TM) to support the group's clinical integration initiative, and to help partner physicians and the Mount Carmel Health System improve patient care and clinical outcomes through quality improvement programs that can be tracked and measured via the solution. As part of its clinical integration program, Mount Carmel Health Partners is implementing physician-directed quality improvement programs, focusing on improving patient care and clinical outcomes. All providers are accountable for delivering demonstrated value to patients, payers and the community. Mount Carmel Health Partners defines value as the quality, service and outcomes providers deliver, as compared to the overall cost of care. In turn, this quantified value is used to benchmark provider performance and determine pay-for-performance reimbursement. With MedVentive Population Manager, a physician and his or her staff can now identify patients with a chronic condition, such as diabetes, and automatically do outreach to this group of patients that helps to drive care compliance and improve their overall health.

Charlie D. Baker Joins MedVentive, Inc.'s Board of Directors

Massachusetts businessman and former Republican gubernatorial nominee Charlie Baker will join the MedVentive, Inc. governing board effective immediately. Mr. Baker is currently Entrepreneur-in-Residence at General Catalyst Partners, a venture capital and growth equity firm. In addition, he serves on the governing boards at The Schwartz Center for Compassionate Healthcare in Boston and HealthView.

East End Health Alliance Hospitals Form a Clinically Integrated Physician Hospital Organization Powered by MedVentive, Inc

East End Health Alliance and its member Hospitals, Eastern Long Island Hospital, Peconic Bay Medical Center, and Southampton Hospital, have entered into an agreement with MedVentive, Inc. to provide East End Physician Hospital Organization (PHO) on Long Island, New York with MedVentive Population Manager(TM). Formed by East End Health Alliance, East End PHO is intended to create a clinically integrated system of healthcare delivery for residents of Eastern Long Island. The group, whose startup costs are funded by a federal grant, seeks to improve healthcare outcomes while reducing costs. East End PHO has chosen MedVentive Population Manager(TM) to allow its participating providers, once the system is satisfactorily implemented, to share information at the point of care, monitor performance against evidence-based medicine and best practices, and provide real-time feedback to physicians. The group will initially collaborate on the care of diabetic patients and later expand to the treatment of other conditions. MedVentive Population Manager supports clinical integration and population management. With its point-of-care registry, MedVentive Population Manager offers robust data acquisition and aggregation, provider and patient attribution, point of care decision support, and quality reporting (including PQRI). Care management workflows and patient outreach tools streamline provider tasks, distribute work among the care team, and facilitate patient follow-up communications.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
September 24, 2012
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