HOPCo Acquires Stryker Performance Solutions Platform
This article originally appeared in Orthopedics This Week on October 27, 2020
Phoenix, Arizona-based Healthcare Outcomes Performance Company (HOPCo) has acquired Stryker Performance Solutions, LLC.’s (SPS) value-based care business.
HOPCo acquired SPS’ “BPCI-A [bundled payments for care improvement advanced] value-based care convener business and segments of SPS’ health system orthopedic service line analytics subscription business.” Several SPS employees will be joining HOPCo to ensure existing customers continue to receive service.
The transaction includes SPS’ Episode Performance Manager™, SPS’ outcomes management software. Stakeholders use the web-based dashboard to analyze Medicare claims data.
The transaction also includes the licensing of RecoveryCoach™ and the orthopedic Hospital Reported Outcomes. The new RecoveryCoach platform is an “online care coordination and patient engagement portal.” Hospital Reported Outcomes is an analytics tool that includes a web-based dashboard to track and report outcomes.
HOPCo provides “practice and outcomes management, value-based health care solutions and care coordination for musculoskeletal practices, health systems and clinically integrated care networks.” With the acquisition, HOPCo grows its musculoskeletal bundle payment programs and becomes the nation’s largest orthopedic service lines manager.
HOPCo Chairman and CEO David Jacofsky, M.D. told OTW, “The SPS platform was a natural complement to HOPCo’s existing suite of tools and our risk-based and population health contracting models. For the last decade, HOPCo has been leading the transition to value-based care in the musculoskeletal space using our medical economics and claims analytics, proprietary data and IT platforms, and clinical decision support tools.”
Dr. Jacofsky continued, “The acquisition of the SPS platform will further enhance our capabilities to transform the markets for practices, payors and health systems by identifying areas for outcomes improvement, operational optimization, and implementation of these changes in a meaningful way that aligns market stakeholders. We are excited about the opportunity to offer these additional capabilities to HOPCo’s previously existing and newly acquired clients and partners.”