Cornerstone Health and CHESS partner with Lightbeam to maximize quality while increasing value-based reimbursement
IRVING, Texas – March 3, 2015 – Lightbeam Health Solutions, a leader in end-to-end population health management, announced today a partnership with Cornerstone Health Enablement Strategic Solutions (CHESS), a strategic venture of Cornerstone Health Care, Wake Forest Baptist Health and LabCorp.
Based in High Point, North Carolina, CHESS will leverage Cornerstone’s experience and Lightbeam’s technology platform to help its clients transition from volume-based services to value-based programs designed to reward better outcomes and reduce waste.
“Cornerstone has been ahead of the curve when it comes to the transition to value-based care,” said Jerry Shultz, President of Lightbeam Health Solutions. “We’re excited to work with forward-thinking organizations like CHESS and their clients to improve quality and decrease wasteful spending in healthcare.”
The Lightbeam platform being implemented includes an enterprise data warehouse and data aggregation technology, interactive analytics, risk stratification and predictive modeling, provider and patient engagement, care management and more.
“We reviewed a number of other population health products and found that Lightbeam was best positioned to provide the most advanced and comprehensive suite of solutions to our clients, beginning with CHESS ACO, a sophisticated accountable care organization (ACO) that includes high-performance networks (HPNs), clinical integration, innovative IT applications, support services and case management,” said Grace Terrell, MD, CEO of both Cornerstone Health and CHESS.
CHESS is a physician-managed healthcare services company that empowers physicians and health systems to make the transition to value-based medicine, a model where they are financially rewarded for improving the quality of care and reducing the cost of care they deliver to patients. Using advanced analytics to build and measure the success of targeted care models, along with payer contracts that enable physicians to share in cost savings, CHESS creates a healthcare environment that is both patient-centered and clinician-friendly. CHESS is a strategic venture of Cornerstone Health Care, Wake Forest Baptist Health and LabCorp. CHESS is committed to helping healthcare organizations throughout the United States prepare for the future, one in which fee-for-service reimbursements continue to dwindle. Led by a team of medical, technology and business experts who have a deep understanding of what it takes to transition clients into this new value-based world, CHESS offers a single solution that incorporates all elements required to successfully make the move to value. For more information about CHESS, visit www.chessmso.com.
About Cornerstone Healthcare
Cornerstone Healthcare is a multi-specialty practice of more than 375 physicians and midlevel health professionals in over 90 locations throughout central North Carolina. In its 20th year, the organization is transitioning away from fee-for-service, providing expanded access, increased coordination of care, enhanced patient education for prevention and treatment of chronic disease, and sophisticated technological support.
About Lightbeam Health Solutions
Lightbeam Health Solutions delivers a revolutionary model for managing patient populations and associated risk. Lightbeam’s vision is to bring health data into the light through the use of analytics and to provide the insight and capabilities healthcare clients need to ensure patients receive the right care at the right time. Lightbeam’s platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations aspiring to provide superior care at a lower cost. For more information, visit www.lightbeamhealth.com, and follow Lightbeam on LinkedIn and Twitter.
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