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In May 1992, Soliant Health was founded as Elite Medical by David Alexander, with the company initially specializing in travel healthcare. [3] Alexander interpreted a model set by retailer Nordstrom as a way to reduce turnover among his staff by boosting their morale, which in turn would increase the confidence of the healthcare workers they provided. [4]
An accountable care organization (ACO) is a healthcare organization that ties provider reimbursements to quality metrics and reductions in the cost of care. ACOs in the United States are formed from a group of coordinated health-care practitioners. They use alternative payment models, normally, capitation. The organization is accountable to ...
API Healthcare offers integrated workforce management technology to the healthcare industry. It offers its solutions to monitor and control labor costs, address staffing challenges, automate time and attendance, track and manage human resource data, manage payroll in real time, and base workloads on patient classification.
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All-payer rate setting is a price setting mechanism in which all third parties pay the same price for services at a given hospital. [1] It can be used to increase the market power of payers (such as private and/or public insurance companies) versus providers, such as hospital systems , in order to control costs.
Wellpath, formerly known as Correct Care Solutions [1] is a healthcare company based in Nashville, Tennessee, U.S. [2] and "one of the nation’s largest for-profit healthcare providers for prisoners." [3] The company was founded in 2003 [2] by Jerry Boyle. [4]
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