|[December 17, 2013]
COTA, Inc. and Altos Solutions, Inc. Form Transformative Partnership of Oncology-Specific Software Solutions to Enable Value Based Cancer Care Delivery and Novel Reimbursement Methods in Oncology
PLEASANTON, Calif. & HACKENSACK, N.J. --(Business Wire)--
Altos Solutions, Inc., a leading developer and provider of
oncology-specific software applications including the market leading
Electronic Medical Record, OncoEMR®, and COTA, Inc., a transformative
cloud-based outcomes and cost data analytics company announce an
official partnership to connect their oncology-specific proprietary
applications to enable value based cancer care delivery for US
oncologists. The partnership aims to iteratively improve relevant
clinical outcomes and reduce cost of cancer care at scale, by real-time
tracking, analysis and reporting of meaningful clinical outcomes,
quality metrics and costs.
Incorporating COTA analytics into OncoEMR provides a seamless
user-interface for the clinician by enabling a single point of data
entry. Physicians and nurses will have immediate access to their
patients' medical records with corresponding analytics detailing
relevant clinical outcomes and cost in real-time. These real-time
capabilities will facilitate value based cancer care delivery, enable
the delivery of true personalized medicine, and accommodate new methods
of reimbursement including "at-risk" bundles. The combined software
capabilities of Altos and COTA will be transformative in cancer care
delivery providing GPS-like capabilities to keep clinical outcomes and
cost on course at all times.
"At its core, COTA software aligns incentives between the oncologists
and payer by enabling a common clinical language and transparency of
data for mutually agreed clinical and cost outcomes. This, in turn,
enables any number of value-based contracting models, including
'at-risk' bundles." said Andrew L. Pecora, M.D. FACP CPE Oncologist and
Founder and Executive Chairman of COTA. "Ultimately, it is about
enabling patients to access and receive the most efective, personalized
care in a way that is economically sustainable. I believe this
partnership with Altos is a big step towards this ambitious goal."
"We are extremely excited about our collaboration with COTA and the
significant value this relationship will bring to the Oncology
eco-system," stated Carla Wood Balch, President of Altos Solutions, Inc.
Brad Frazier, Vice President of Business Development with Altos
Solutions, Inc. commented, "the way in which real-time personalized
information is not only analyzed but actually used to improve the
well-being of a single patient and the overall healthcare system is at
the core of our work with COTA." Mr. Frazier concluded by stating "today
represents a unique market event in oncology where big data can actually
become real data in the medical communities we serve."
About Altos Solutions, Inc.
Altos Solutions, Inc. is the pioneer in secure web-based
oncology-specific software applications, focusing on intuitive
electronic medical records, practice management with integrated medical
billing, real-time comparative analytics, and patient and provider
portals. Oncology Metrics, a division of Altos Solutions, Inc., fosters
a network of independent community-based oncology practices to provide a
platform of knowledge-based products and services. Altos Solutions is
the first company in the US to offer oncology practices and an
oncology-specific EMR application combined with services to collect,
benchmark, and analyze the data contained in these records. Oncology
practices maintain sole control and ownership of their proprietary
information entered or converted into OncoEMR. With an installed base of
over 1,200 oncology clinicians and thousands of daily users, OncoEMR is
the answer for all oncology practices from the solo practitioner
oncologist, multi-location cancer centers, and hospital-based ambulatory
cancer centers. Altos Solutions is headquartered in Pleasanton,
California. To learn more about Altos Solutions, call (888) 662-6367 or
888-OncoEMR, internationally call +1 (925) 425-0093 or visit www.AltosSolutions.com.
About COTA, Inc.
COTA, Inc., a transformative cloud-based outcomes and cost data
analytics company focused on enabling value-based care delivery in the
US. COTA is the first of its kind to sort cancers to the most refined
level of clinical and molecular fidelity, track and report clinical and
cost outcomes in real-time while also delivering point of service alerts
to the clinician. COTA offers providers and payers of cancer with the
necessary data in real-time to continually improve clinical outcomes in
cancer while reducing the costs. COTA also provides physicians with
tools including alerts and helpful content at key time points in the
patient's clinical course (e.g. diagnosis, disease progression). COTA
can be incorporated into any care setting in oncology whether physician
practice or hospital.
To learn more about COTA, call (866) 648-3833 or visit www.cotatrack.com.
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