EagleDream Health – Medline Announces Exclusive Partnership with EagleDream Health To Promote Use of New Data Analytics Technology
The new partnership aims to help the healthcare continuum drive efficiencies, improve clinical outcomes and reduce costs
Mundelein, Ill., Oct. 13, 2015 – Medline, a global manufacturer and distributor of medical supplies and clinical solutions, announced today their exclusive partnership with EagleDream Health, a software and service company that uses the power of analytics to improve efficiencies in healthcare and to help ensure patients receive the highest quality care at the lowest costs.
EagleDream Health’s software platform integrates clinical and claims capabilities unique in the marketplace. Its software platform provides organizational leadership and care teams the actionable information they need to promote the highest quality, best patient experience and care at an affordable cost. EagleDream Health’s innovative software uses a patented algorithm to identify substantial savings by analyzing out-of-network “leakage,” key clinical cost drivers and clinical variations. For the typical health system, out-of-network leakage and the consequences of unwarranted clinical variations can amount to tens of millions in lost revenue dollars.
“Medline takes great pride in being able to provide superior products, as well as other financial, clinical, and logistical solutions to our customers,” stated Ron Barth, executive vice president, Medline Industries, Inc. “EagleDream Health has developed a sophisticated suite of analytic tools that pinpoints significant savings opportunities while presenting these insights in a contemporary and easy to use interface. Our exclusive partnership with EagleDream Health further expands Medline’s position as a preferred strategic partner to the provider community.”
Use of EagleDream Health’s software typically identifies up to 30 percent of potential incremental revenue by reducing out-of-network leakage and up to 10 percent of potential savings by reducing clinical variation. In the area of clinical variation, EagleDream Health’s software is able to isolate major clinical activities driving high costs and specify key clinical cost drivers that can be addressed to reduce the over, under, and mis-utilization of medical services, generating an immediate return on investment. The cloud-based software solution requires no investment or upkeep for servers or other IT hardware.
“EagleDream Health is delighted to be entering into an exclusive partnership with Medline to provide their customers with a clear and accessible software platform that identifies areas for substantial cost reduction while addressing the challenges of population health management,” stated Dr. Betty Rabinowitz, President and CEO of EagleDream Health. “Medline has an outstanding track record of strong trusted relationships with their customers and we are honored to be partnering with them.”
By utilizing the EagleDream platform, Medline can work with hospitals, providers, insurers, self-insured organizations, and ACOs to make certain that patients receive the right care at the right time and in the right place.
About EagleDream Health, Inc.
EagleDream Health, Inc., is a healthcare software analytics solutions company that delivers a SaaS-based, comprehensive, integrated solution that spans the entire clinical, financial and administrative spectrum. With its sophisticated analytic tools for managing value based care, its modular, tailored software enables organizations to achieve more successful population health management through increased quality of care to patients, reduced costs, and greater patient access and engagement. EagleDream Health is headquartered in Rochester, NY. For more information, visit www.eagledreamhealth.com.
Medline is a global manufacturer and distributor serving the healthcare industry with medical supplies and clinical solutions that help customers achieve both clinical and financial success. Headquartered in Mundelein, Ill., the company offers 350,000+ medical devices and support services through more than 1,200 direct sales representatives who are dedicated points of contact for customers across the continuum of care. For more information on Medline, go to www.medline.com or http://www.medline.com/social-media to connect with Medline on its social media channels.
Chief Operating Officer
EagleDream Health, Inc.