Medalogix, a Nashville, TN-based leader in predictive analytics and data science for home health and hospice, received a minority equity investment from Encompass Health Corp. (NYSE: EHC), a leader in integrated healthcare services.
The amount of the deal was not disclosed.
Founded in 2012 and led by Elliott Wood, president and CEO, Medalogix has developed products and services for home health providers to create clinical programs, manage large populations efficiently, and drive value to strategic partnerships.
In 2016, Encompass Health and the company entered into a co-development arrangement focused on the development of Medalogix Care, an analytical tool that provides evidence-based and patient-specific recommended care plans focused on improving patient outcomes.
In addition to providing clinical decision support for the plan of care, the Medalogix Care recommendation provides a basis for inter-disciplinary collaboration and ongoing cross-functional case management throughout the episode of care.
The company is now assisting Encompass Health in preparing for the impending changes to the Patient-Driven Groupings Model, a new home health payment model for Medicare patients expected to take effect Jan. 1, 2020.