CHANNELS

Subscribe to the InfoTech eNewsletter

infoTECH News

TMCNet:  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

[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.


[ InfoTech Spotlight's Homepage ]


blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter