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Syntax Health and CareJourney announce partnership to scale Value-Based Care

Updated: Mar 18

Today is a significant milestone for Syntax Health: We announced a data partnership with CareJourney to further enhance Syntax, the first and only two-sided SaaS actuarial platform for value-based care.  


Partnership decisions are critical for any early stage company, and this one is the right next step in Syntax’s mission to fundamentally change the way VBC teams work, enabling them to automate and accelerate the design and implementation of value-based programs. 


Because CareJourney is the market leader in Medicare provider cost and quality data, our partnership will offer Syntax customers significant supplemental data to model VBC opportunities and reach agreements, all in the Syntax platform.


Learn more about why I'm thrilled to partner with CareJourney–read the full text of our joint announcement below. Email us at info@meetsyntax.com for more information or to become an early design partner.


Picture shows a view of the Syntax Health platform featuring an integration with CareJourney.
Syntax platform with CareJourney integration

Syntax & CareJourney Joint press release:


For release Feb 26, 2024 at 10:00 am PT / 1:00 pm ET


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Syntax Health and CareJourney announce partnership to scale Value-Based Care


Data integration will further enhance the first and only two-sided SaaS actuarial platform for VBC


February 26, Atlanta, GA - Syntax Health, the first and only two-sided SaaS actuarial platform for value-based care (VBC) modeling and contracting, and CareJourney, the market leader in healthcare provider cost and quality data, have announced a data partnership designed to offer providers and payers significant supplemental data to model VBC opportunities and reach agreements. This will be accomplished by integrating CareJourney's provider and market insights into Syntax's VBC modeling and contracting platform. The integrated solution will be available to payer and provider design partners as early as Q2 2024, and available to all Syntax clients soon after.


The partnership solves a real market need: providers and payers need access to reliable data and advanced modeling tools to make critical business decisions such as new market expansion and negotiating VBC proposals. Syntax integrated with CareJourney solves for the unknown, de-risking clinical and financial outcomes.


Sample use cases include:


The Syntax platform supplemented with CareJourney data can model unit cost, risk, and more and allow providers to weigh proposals with sound actuarial assumptions. This will help provider organizations considering new markets or trying to understand how much opportunity there is in a payer’s VBC proposal.


  • The Syntax platform supplemented with CareJourney data can model VBC contracts with historical claims and provider data, as well as aggregated QECP benchmarking, allowing payers to grow their VBC footprint with sound actuarial assumptions. This will help payers who need help integrating VBC-savings into trends and bids, testing ACO program changes from CMS, or modeling new market opportunities.

“I'm thrilled to partner with CareJourney to offer Syntax clients critical supplemental data to make intelligent value-based care decisions. Our partnership makes sense because CareJourney’s provider cost and quality data will enrich the insights Syntax enables. It’s the right next step in Syntax’s mission to fundamentally change the way VBC teams work, enabling them to automate and accelerate the design and implementation of value-based programs,” said Rachael Jones, Founder and CEO at Syntax.


"CareJourney’s robust provider profiles driven by detailed cost and quality metrics, combined with Syntax’s sophisticated contract modeling platform, address a critical gap in the market for a comprehensive solution. This partnership offers VBC organizations the foresight and confidence they need to make informed decisions regarding market growth, network expansion, and provider contracts," stated Kevin Sheldon, COO of CareJourney. "I am excited about this collaboration, as it signifies a significant step forward in empowering healthcare organizations with the tools they need to succeed in this dynamic landscape.”


Providers and payers can learn how this partnership will help them better model and negotiate VBC or learn how to become an early design partner by emailing info@meetsyntax.com.


Both teams also will be available at ViVE 2024, email info@meetsyntax.com to book a meeting.


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Image Caption: Syntax platform with CareJourney integration


About Syntax:


Syntax is the first and only two-sided SaaS solution that scales VBC adoption. It offers advanced analytics and a real-time collaborative workspace where myriad stakeholders (actuaries, analysts, network managers, providers) engage in modeling and negotiation. It accelerates the VBC contracting process, improves efficiency, promotes transparency, and reduces friction. Syntax completely changes what was once a manual, cumbersome, and linear process. As a result, health plans and providers can achieve better outcomes from best-fit aligned incentives. Moreover, they can accelerate the contracting process by up to 40%, improve efficiency, promote transparency, and reduce friction from start to finish. Syntax is a company built by Redesign Health. Learn more at: www.meetsyntax.com.


About Redesign Health:


Redesign Health is an innovation platform serving healthcare founders, investors, and industry partners. We provide the tools, capital, people, and technology to develop scalable business models and bring them to market faster than ever before. Our platform offers access to each step of our proprietary company-building process and a rich ecosystem of healthcare experts, research capabilities, and technical infrastructure. Since 2018, we have built over 50 companies from the ground up, reached more than 15M people across the care continuum, and partnered with dozens of leading organizations to accelerate healthcare innovation.


About CareJourney:


More than 150 customers trust CareJourney as the healthcare industry’s best source of provider cost and quality data, working with partners to supercharge their solutions and internal data with high-value insights. CareJourney’s mission is to empower individuals and organizations they trust with open, clinically-relevant analytics and insights in the pursuit of the optimal healthcare journey. CareJourney’s cloud-based analytics platform helps health care organizations build and grow networks, improve provider performance, identify network integrity and strengthen referrals, and better manage at-risk populations. Learn more at www.carejourney.com.


Contacts:

Syntax Media Contact:

Sandi Grivat


CareJourney Media Contact:

Deepika Kumar

Chief Marketing Officer


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