Healthcare Innovation Solutions, Inc.
HCIS is a for-profit subsidiary of New Jersey Innovation Institute’s (NJII) Healthcare Division. We employ next-generation technology and a staff of professionals trained in innovation, quality management and transformation. Our software and services portfolio is used by more than 12,000 physician clients who are moving from fee-for-service to value-based healthcare.
HCIS provides technology and consulting services that result in innovative solutions for healthcare providers.
We’re trusted by CMS to build products that solve value-based care/payment problems.
Our solutions are developed by healthcare providers for healthcare providers, and are backed by NJIT's engineering and IT expertise.
NJII launched Healthcare Innovation Solutions, Inc. (HCIS) on July 1st, 2018 to help healthcare sector organizations transition from fee-for-service to value-based care. We saw that providers must constantly find new and innovative ways to optimize their healthcare delivery to lower costs, improve patient outcomes, and advance technology. HCIS began with our Merit-Based Incentive Payment System, Delivery System Reform Incentive Payment Program, and Accountable Care Organization products and services, as well as the proprietary Measures Manager™ quality tracking software they use. In 2019, we added a new app called MiQlave to HCIS, and began to offer both value-based programs and practice transformation services. We also introduced a new program called Realytics to help hospitals improve their operating margins.
One-stop solutions to help you transition to value-based care.
We help hospitals throughout New Jersey collect and aggregate data to determine quality measures for this federal program. Our work helps them maximize their incentive payments and improve the lives of their patients.
We have a team of experts to help ACOs — doctor and hospital networks that fight unnecessary spending by sharing financial and medical responsibility for coordinated care — capture data, redesign workflows and document performance measures for CMS.
We work with commercial payers to develop value-based programs that provide financial incentives for providers to meet target quality measures and improve health outcomes. This helps payers lower utilization costs, while offering providers added revenue.
We consult with practices to prepare them for the transition to value-based alternative payment models. This includes conducting an initial gap analysis, evaluating health information technology interoperability, and developing a transformation plan.
MiQlave is a free proprietary smartphone app we launched in 2019. It uses blockchain encryption to allow users to store and share their health information with providers, hospitals and others quickly and securely, at their discretion.
This cloud-based software platform is used by our expert advisors. It collects EHR data to gauge performance on value-based care contracts. Measures Manager helps providers maximize financial rewards and avoid penalties by closing measures gaps and hitting benchmarks.
Provider Penalties Avoided Based on 2017 MIPS Reporting for 2019
Provider Incentives Earned Through 2017 MIPS Reporting for 2019
Total Amount of Incentive Payments under DSRIP
The Savings Realized by Hospitals Using Realytics
Just a few of the many clients we have had the pleasure of working with.
Interested in learning more about Healthcare Innovation Solutions products and services? Feel free to contact us directly, or use the form below and a member of our team will get back to you for further assistance.
211 Warren St, Newark NJ 07103
1 (973) 642-4055