Global provider of well-being improvement solutions, Healthways Inc. (HWAY), announced a first-of-its-kind joint venture – GenHealth – with Genesis Physicians Group, an independent physicians association in North Texas. GenHealth is designed to transform the delivery of healthcare through a scientifically proven population health approach.
Following the announcement, shares of Healthways rose 0.7% to close at $16.40 yesterday.
The new health services organization will provide a comprehensive set of clinical and lifestyle well-being improvement solutions to independent physicians in North Texas. This market-shifting opportunity is designed to help physicians adopt a more economically sustainable model that simultaneously elevates well-being and quality of care for patients.
GenHealth will pair the administrative expertise of Genesis with the well-being improvement solutions of Healthways to effectively support total population health management. The infrastructure is designed to assist physicians to keep people healthy, mitigate lifestyle risks and optimize care across patient populations.
Being the first clinically integrated physician network to partner with GenHealth, Genesis Accountable Physician Network (GAPN) – an Accountable Care Organization (ACO) and affiliate of Genesis Physicians Group – will utilize the entire suite of population management and well-being improvement services provided by GenHealth.
As the healthcare industry transforms, innovative healthcare providers are embracing a scientifically proven approach that has well-being and not sick care at its core. In response to rising healthcare costs and poor overall health, providers are assuming more financial and quality outcomes risk for their patients.
By directly supporting the patient-physician relationship with well-being improvement solutions, companies like Healthways and Genesis aim to proactively reduce the causes and effects of diseases and achieve significant medical savings, productivity and performance.
Currently, Healthways carries a Zacks Rank #3 (Hold). Better-ranked stocks in the medical services industry include ICON Public Limited Company (ICLR), BG Medicine, Inc. (BGMD) and Omnicare Inc. (OCR). While ICON Public Limited sports a Zacks Rank #1 (Strong Buy), both BG Medicine and Omnicare carry a Zacks Rank #2 (Buy).
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