Skylight Well being and Collaborative Well being Techniques Announce Joint Enterprise to Companion on Worth-Primarily based Care

Skylight Well being Group Inc. TORONTO and TAMPA, Fla., April 05, 2022 (Globe NEWSWIRE) —…

Skylight Well being Group Inc.

TORONTO and TAMPA, Fla., April 05, 2022 (Globe NEWSWIRE) — Skylight Wellbeing Crew Inc. (NASDAQ:SLHG TSXV: SLHG) (“Skylight Well being” or the “Firm”), a multi-point out principal care administration group in the USA, now launched a three way partnership (“JV”) partnership with Collaborative Well being and health Items (CHS), a inhabitants general well being administration corporations agency and wholly owned subsidiary of Centene Firm (NYSE: CNC), to combine very important worth-based care (VBC) services and products into Skylight Well being’s escalating enterprise of principal care strategies.

The first intention of the partnership is to arrange the core requirements of a VBC program, which consists of joint makes an attempt in payor contracting, getting on risk inside Medicare Acquire, and inhabitants well being and health development, along with information and analytics supporting therapy coordination and high quality enchancment programs. Denver, Colorado Springs, Harrisburg, and Jacksonville would be the first markets to take part.

Among the many the highlights:

  • Skylight Total well being and CHS will affiliate to create a VBC contracting framework all through Florida, Pennsylvania, and Colorado

  • Each state’s community of procedures will reward from strategic growth and establishing, in Medicare cost-for-service ACOs, and Medicare Edge, served by the use of each Skylight Well being and CHS

  • The partnership brings collectively CHS ends in enhancing prime quality outcomes and reducing well being care costs with Skylight’s intense progress in simply impartial principal care strategies

Normal, the joint endeavor will revenue from Skylight Well being’s Medicare life served along with CHS’ proven capability to manage draw again probability. Collectively, the three way partnership makes it doable for extra entry into price-based care options as a extra substantial contracting entity delivering improved scientific outcomes in addition to enhanced affected particular person wonderful scores and achievement. The partnership will handle all elements of the competencies demanded to cope with risk, letting for Skylight Properly being to enter risk-bearing contracts with payors whereas additionally supporting Skylight’s comply with growth technique as affiliate entrepreneurs seek for better, much more robust partnerships.

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“Collaborative Properly being Techniques has been on the forefront of profitably executing on benefit-dependent care, having created round $475 million in Medicare private financial savings since 2012,” talked about Prad Sekar, CEO & Co-Founding father of Skylight Wellbeing. “This partnership permits us to leverage the size, infrastructure, and expertise of CHS, making it doable for us to rapid-observe our timeline of price-primarily based mostly contracts by about 24 months.”

“At Collaborative Well being and health Techniques, we’re dedicated to bettering high-quality outcomes and offering price ticket monetary financial savings with our firm associates,” stated Anthony Valdés, President of Collaborative Properly being Methods. “We seem ahead to doing the job with Skylight Wellness to extend wonderful, scale back costs, and assist Skylight’s physicians prosper in value-based principally therapy.”

The Enterprise info on this launch augments the previous announcement of collaborating as a rapid contracting entity (DCE) lower than a license of a prime nationwide well being care group in 2022¹ the Firm intends to proceed under the association in 2023 as part of CMS’ these days introduced changeover of the DCE program to ACO Arrive at.

About Collaborative Well being Techniques
Collaborative Total well being Methods (CHS) is a administration suppliers group that companions with neutral key therapy medical professionals as they shift to price-based principally sorts. Its core notion is that principal care docs are in the most effective posture to affect the great high quality and value of healthcare. CHS delivers in depth assist for its well being practitioner associates by furnishing administration options, probability contracting, and inhabitants well being talents, resembling actionable data and different assets, to supply care coordination and closure of gaps in care. CHS presents additional options to protected and supply favorable benefit-based principally contracts with industrial and different wellbeing designs. CHS for the time being manages three Direct Contracting entities, seven MSSP ACOs, a Care Transformation Company, and three Unbiased Follow Associations. CHS is an entirely owned subsidiary of Centene Company, a main multi-national healthcare firm that’s devoted to helping individuals dwell a lot more healthy lives. For further info and info, try www.CollaborativeHealthSystems.com.

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About Skylight Wellbeing Group
Skylight Total well being Group (NASDAQ:SLHGTSXV:SLHG) is a healthcare corporations and know-how agency, performing to positively results affected particular person well being and health outcomes. The Agency operates a US multi-point out main care well being community comprised of bodily procedures offering a range of corporations from main care, sub-specialty, allied effectively being, and laboratory/diagnostic checks. The Enterprise is focused on supporting small and neutral ways change from a daily payment-for-assistance (FFS) product to benefit-dependent care (VBC) through tools resembling proprietary technological know-how, information analytics and infrastructure. In an FFS design, payors (industrial and govt insurers) reimburse on an come upon-primarily based mostly resolution. This locations a focus on amount of purchasers per working day. In a VBC design, the distributors supply therapy that’s aimed toward holding purchasers more healthy and scale back avoidable well being expenditures that aren’t confirmed to handle the affected person’s well-remaining. This spots an emphasis on good high quality above quantity. VBC will direct to enhanced particular person outcomes, lowered expense of transport and generate significantly better financial common efficiency from present procedures.

Ahead Looking out Statements
This press launch might effectively encompass predictions, estimates or different info that might be considered forward-hunting contained in the indicating of related securities legal guidelines. Though these forward-on the lookout statements signify our current judgments, they’re matter to pitfalls and uncertainties that might result in exact remaining outcomes to range materially. You might be cautioned to not place undue reliance on these ahead-searching statements, which replicate the views of every particular person of Skylight and Centene Firm solely as of the day of this launch. Ensure you maintain in head that they don’t seem to be obligating themselves to revise or publicly launch the ultimate outcomes of any revision to those ahead-seeking statements in mild of recent information or future events. When made use of herein, phrases and phrases resembling “seem ahead,” “will”, “suppose,” “go on,” “creating,” or variations of those phrases and comparable expressions are supposed to determine ahead-on the lookout statements. Elements that might result in real success to range materially from all these contemplated in any ahead-searching statements made by us herein are usually reviewed in filings they make with the Canadian and United States securities regulators, respectively, which embrace the Securities and Change Payment, obtainable at: www.sec.gov, and Canadian Securities Directors, accessible at www.sedar.com, and on Skylight’s web site, at skylighthealthgroup.com as successfully Centene’s website online at merchants.centene.com.

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For far more particulars, bear in mind to pay a go to to our web-site or make contact with:

Investor Relations:
Jackie Kelly
[email protected]
416-301-2949

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that phrase is described within the insurance coverage insurance policies of the TSX Enterprise Change) accepts obligation for the adequacy or precision of this launch.

Skylight Wellbeing

Collaborative Wellness Techniques

[email protected]

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¹ The statements contained on this doc are totally people of the authors and don’t all the time mirror the sights or pointers of CMS. The authors assume accountability for the accuracy and completeness of the information contained on this doc.