Signify report on the quality and social impact of health problems | Business

DALLAS AND NEW YORK–(BUSINESS WIRE)–April 14, 2022–

Signify healthInc. [NYSE: SGFY], a leading healthcare platform that leverages advanced analytics, technology and national healthcare networks to create and power value-based payment programs, today announced the release of its 2021 Quality and Social Impact Report. Build from a Declaration of Intent Released by Signify’s Board of Directors in late 2021, the report provides a framework for how the company will measure its performance on key environmental, social and corporate governance issues, in addition to healthcare quality metrics , in accordance with its vision and values.

“Signify exists to provide providers, payers and the people they serve with the information, tools and support needed to achieve the best possible health outcomes, efficiently and cost-effectively. This report is an important way for us to concretely demonstrate how we live our commitment in everything we do,” said Kyle Armbrester, CEO of Signify Health. “I’m proud of the impact we have on the millions of people we serve and look forward to working with our customers and partners to open up opportunities to build a better healthcare system and a better experience for everyone.”

The report includes key achievements for 2021 and establishes a baseline against which the company will measure progress in several focus areas. Among them:

  • Lead with quality. Signify conducts evidence-based evaluations to help providers achieve quality outcomes, and in 2021 exceeded national averages for several quality measures under the Advanced Bundled Payments for Care Improvement Program ( BPCI-A) from Medicare. These quality measures include: the AHRQ Patient Safety Indicator (PSI 90); advance care planning; Excessive days in acute care after hospitalization for acute myocardial infarction; and Perioperative care: selection of prophylactic antibiotics. Additionally, the company reported double-digit percentage reductions in 90-day hospital readmissions among BPCI-A and ACO patients participating in its Home Transition Program. Also in 2021, the National Quality Assurance Committee (NCQA) validated the methodology used by Signify to identify eligible members to receive specific diagnostic and preventive services during a Signify in-home assessment.
  • Management of Social Determinants of Health (SDH). Signify’s more than 600 social care coordinators screen individuals for social issues that affect their ability to access quality health care and achieve the best possible health outcome. Through these efforts, in 2021, Signify connected more than 260,000 people to services to address social determinants of health (SDH) issues such as food insecurity, social isolation, and transportation.
  • Building sustainable workplaces. To reduce energy consumption and emissions, the company reported several initiatives to incorporate environmentally friendly building materials into its offices in Dallas, Oklahoma City and Rapid City. Additionally, Signify Health has entered into a new partnership with Persefoni, a leading climate management and accounting platform, to assess opportunities to reduce the carbon footprint of company operations and provide greater measurement. depth of climate-related data from 2022.
  • Diversity and inclusion. Signify has implemented a series of initiatives to identify and address gaps in representation at all levels. Additionally, Signify has initiated strategic partnerships with P-Tech.org and Catalyst.org to support mentoring and internships for students from diverse backgrounds and to create workplaces that work for women.

To learn more about Signify Health and the initiatives it is undertaking to advance the industry and improve quality and social impact, check out the report here.

About Signify Health

Signify Health is a leading healthcare platform that leverages advanced analytics, technology and national networks of healthcare providers to create and power value-based payment programs. Our mission is to transform the way care is paid for and delivered so people can enjoy healthier, happier days at home. Our solutions support value-based payment programs by aligning financial incentives with outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities to improve patient outcomes, coordination and cost savings. Through our platform, we coordinate what we believe to be a holistic suite of clinical, social and behavioral services to meet an individual’s health needs and prevent adverse events that lead to excessive costs, while moving services to the residence.

Safe Harbor Statement

This press release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements. These statements may be preceded, followed by, or include the words “may”, “could”, “shall”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predicted”, “potential” or “continuing”, the negative of these and other comparable terms. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies, anticipated trends in our business and our plan to improve patient outcomes.These statements are only predictions based on our current expectations and projections regarding future events.There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements tives. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Certain of the factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements are set forth in the “Risk Factors” section of our filings with the Securities and Exchange Commission (“SEC”). ), including our annual report. on Form 10-K for the fiscal year ended December 31, 2021, which are available free of charge on the SEC’s website at: www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Additionally, all forward-looking statements speak only as of the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise than as required by federal securities laws.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220414005288/en/

Lynn Shepherd, Vice President of Strategic Communications, lshepherd@signifyhealth.com

KEYWORD: TEXAS NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: GENERAL HEALTH HEALTH PRACTICE MANAGEMENT ENVIRONMENT

SOURCE: Meaning Health

Copyright BusinessWire 2022.

PUBLISHED: 04/14/2022 07:35 / DISK: 04/14/2022 07:36

http://www.businesswire.com/news/home/20220414005288/en

Copyright BusinessWire 2022.


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