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JOC Reporting

Optimizing Joint Operating Committee (JOC) Operations

The Challenge:
 
JOC reporting is inefficient and untimely.

Joint operating committees (JOCs) are vital for aligning health plans and health systems on performance metrics and fostering collaboration in value-based arrangements. Yet, inefficiencies like fragmented data and tedious reporting processes make preparation labor-intensive and imprecise, limiting the value and timeliness of insights and ultimately impacting value-based contract success.

The Solution:
 
Timely insights. Performance transparency. Automated reporting.

SpectraMedix improves JOC effectiveness through a streamlined, data-driven approach that fosters efficiency, consistency, and engagement. We enable strategic collaboration between health plans and contract holders to help align performance metrics, identify improvement opportunities, and develop actionable strategies for success in value-based arrangements. 

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Performance Visibility

Provide a clear snapshot of value-based contract performance across value levers, enabling early identification of underperformance so organizations can strategically take proactive action.
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Provider Engagement

Empower providers with actionable insights on performance metrics to improve outcomes and achieve value-based contract goals.
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Improved Alignment and Collaboration

Strengthen trust between payers and providers, minimize surprises during contract settlement, and drive success in value-based arrangements.


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Operational Efficiency

Increase accuracy, reduce workload, and improve timeliness with centralized data management and automation that streamlines report preparation and eliminates manual processes.
The SpectraMedix Platform Drives JOC Success
✓  Seamless data aggregation: Integrate data across siloes and disparate systems, connecting quality, risk, and utilization information with financial performance.

✓  Benchmarking and insights: Deliver key results against relevant benchmarks to gauge success, identify gaps, and prioritize areas for improvement.

✓  Configurable, automated reporting and dashboards: Deliver clear, consistent insights tailored to the unique goals of each provider contract, market, and line of business.

✓  Engagement feedback: Monitor provider interaction with data, fostering accountability while providing actionable information to optimize future interactions.

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Value-Based Payment and Provider Network Teams

Easily track and manage value-based contracts and provider performance
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Chief Financial and Actuary Officers and Finance Teams

Track value-based program portfolio financial performance
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Value-Based Payment Analytics Team

Deliver financial, quality, risk, and utilization insights to health plan and provider stakeholders
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Contract/Medical Economics Teams

Model and adjust value-based contracts to maximize revenue and promote cost-effective care
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Providers and Non-Physician Practitioners

Provide detailed transparency into quality, risk, and financial performance

User Roles

The SpectraMedix VBP Platform empowers users across your health plan's value-based care enterprise with solutions to your specific, role-based challenges and pain points.

Simplify Joint Operating Committee Reporting  

Automate and personalize financial reporting on quality, risk, and utilization—by contract with practice- and provider-level transparency—to help providers understand and improve their performance on value-based contracts.

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The Platform (mobile header)
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Provider Collaboration Portal

Contract objectives simplified, empowering providers to understand and improve performance 
 
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VBP Analytics Suite

Insight into quality, risk, utilization, and financial performance
 
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Contract Settlement

Contract settlement with timely and accurate understanding of value-based contract performance of each TIN and provider
 
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VBP Contract Modeler

Design and simulate value-based contracts at scale
 
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Ready to Delve Deeper?

SpectraMedix’s solutions are designed to empower joint operating committees, driving stronger collaboration, improved provider performance, and better outcomes for all stakeholders. Contact us today to find out how we can help you achieve your value-based payment goals.