SOURCE: Aver Inc.

Radiology Partners

February 11, 2016 08:00 ET

Aver Inc. Earns Rigorous HCI3 Certification

Certification Verifies Capabilities in Episode Construction, Severity Adjustment and Provider Attribution

COLUMBUS, OH--(Marketwired - February 11, 2016) - Aver Inc., the leader in helping the industry transition from fee-for-service to fee-for-value, and provider of a patented data management platform that simplifies the healthcare reimbursement process, today announced it has earned Health Care Incentives Improvement Institute™, Inc. (HCI3) certification. Achieved through an intensive testing and validation process, the certification allows Aver to cater to the new stream of health systems, insurers and other groups who are building their value-based payment initiatives.

The certification makes Aver only the fourth Evidence-informed Case Rate™ (ECR) Analytics certified partner from HCI3, a non-profit organization dedicated to improving the quality and affordability of healthcare through evidence-based incentive and payment reform programs.

"We're so excited about achieving HCI3certification," said Elaine Daniels, director of network strategy at Aver, Inc. "This certification is a feather in our cap that means we have achieved the gold standard. We now have the ability to bundle 80-90 percent of all of healthcare, depending on the population, with their algorithm."

To achieve HCI3 certification, Aver used their patent-pending Episode Builder to model a series of complex episodes of care and applied the HCI3 requirements on a set of test claims. For each episode, Aver compared detailed outputs to ensure they matched the expected outputs from HCI3. Aver received verification that the outputs matched at all stages, including building the episodes and applying risk adjustment.

The certification verifies Aver's capabilities for episode construction, severity adjustment and provider attribution. These capabilities will enable Aver to help their health systems and insurers scale their value-based payment initiatives, design better networks and appropriately compare provider performance.

"Aver's accomplishment in becoming certified cannot be understated because it's a very tough bar to achieve," said Francois de Brantes, executive director of HCI3. "We now look forward to collaborating closely with Aver in the years to come to support the growing number of bundled payment implementations across the country." 

About Aver Inc.

Founded in 2010 and headquartered in Columbus, Ohio, Aver, through its Aver Cloud™ suite of products, allows its customers to transition seamlessly from fee for service to value-based reimbursement. By analyzing vast amounts of data available in current healthcare systems, Aver packages patient care services to create bundled payments and related reports. The Aver Cloud enables the creation, management, insight, and payment processing for fee-for-value payment programs. Aver's solutions support commercial, Medicare, and Medicaid plans as well as health care providers in managing delivery costs and reimbursement solutions. For more information, visit www.aver.io

About Health Care Incentives Improvement Institute™, Inc.
The Health Care Incentives Improvement Institute, Inc. (HCI3) is a not-for-profit organization that aims to create significant improvements in the quality and affordability of health care through evidence-based incentive programs and support of payment reform models. It is the umbrella organization for the Bridges to Excellence® program and PROMETHEUS Payment® model, as well the creator of episode of care, or Evidence-informed Case Rates (ECRs), definitions and the ECR Analytics®. Through these components, HCI3 offers a comprehensive package of solutions to employers, health plans and coalitions to improve the flawed incentives that currently permeate the U.S. health care system.

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