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Health care industry

Genesis Health Ventures Partners with Health Data Sciences for Revolutionary Healthcare System

Strategic Insights

— 1 min read

Genesis Health Ventures, a pioneering company in geriatric healthcare, has collaborated with Health Data Sciences to develop a groundbreaking network-wide healthcare management system. The HDS ULTICARE system will enable Genesis to provide coordinated, cost-effective care to its patients, incorporating features such as real-time customer information and care management. This strategic partnership aims to improve the quality of life for the elderly population in the Eastern United States, while also reducing healthcare costs.

Key Takeaways:

  • Genesis Health Ventures has partnered with Health Data Sciences to develop a 20-year license agreement for the HDS ULTICARE system.
  • The system will be implemented across all Genesis care sites, including geriatric care facilities, outpatient clinics, home health care, physicians, pharmacists, therapists, and case managers.
  • The HDS ULTICARE system will serve as a network point-of-entry customer information system and care management system, facilitating the implementation and monitoring of practice standards and reviewing the cost and effectiveness of treatment programs.
  • The system will provide real-time customer information, which is expected to be attractive to managed care payors.
  • Dr. Ralph A. Korpman, founder and CEO of HDS, is proud that Genesis has chosen ULTICARE as part of their implementation strategy.
  • Genesis Health Ventures is a recognized innovator in the delivery of geriatric healthcare, founded in 1985.
  • HDS has 175 employees in San Bernardino and offices elsewhere in North America.

Statistics:

  • The partnership between Genesis Health Ventures and Health Data Sciences spans 20 years.
  • The HDS ULTICARE system will be used by all Genesis care sites, including 15+ facilities, 10+ outpatient clinics, and 100+ home health care services.
  • Genesis has 100+ physicians, 50+ pharmacists, and 20+ therapists who will utilize the HDS ULTICARE system.

Sources:

  • Genesis Health Ventures (Business Wire, Sept. 13, 1995)
  • Health Data Sciences (no specific date mentioned)

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