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Signify Health News

Signify Health News

Published by the news team at Signify Health.

Recent posts by Signify Health News

2 min read

Signify Health Names Paymon Farazi Chief Product Officer

By Signify Health News on 6/22/22 3:35 PM

Former OptumInsight CPO will build out suite of healthcare services that tie together post-acute, primary and specialty care

DALLAS AND NEW YORK – June 22, 2022Signify Health, Inc. (NYSE: SGFY), a leading
healthcare platform that leverages advanced analytics, technology, and nationwide healthcare
networks to create and power value-based payment programs, today announced that Paymon
Farazi will be joining the Company as Chief Product Officer. Mr. Farazi brings more than two
decades of experience leading product strategy for healthcare and technology companies to his
role overseeing product strategy and design for the Company’s suite of payor and provider
solutions.

“We exist to help our clients succeed in any risk-based or value sharing model,” said Signify
Health CEO Kyle Armbrester. “To do this, we are building a platform that connects providers
and payors in accountable relationships. Paymon’s deep experience in healthcare payment and
technology will be critical as we expand our portfolio of tools and services to help our clients tie
together post-acute, primary and specialty care to improve quality and outcomes for the people
they serve.”

With a proven track record of leading successful teams and executing on high impact product
strategies across healthcare, fintech, and cloud technology companies, Mr. Farazi will be
responsible for product strategy, development and marketing across the Company’s business
segments. He brings to Signify Health more than 15 years of experience in product leadership,
including roles at OptumInsight. He also served in product and operations leadership positions
at Cargill, Symantec and Dell. He earned his B.S. in Computer Engineering from Northwestern
University and his MBA from the University of Texas at Austin.

“With its ACO and episodes of care capabilities, Signify Health is uniquely positioned to offer an
end-to-end total cost of care platform for all providers and payors, regardless of where they are
in their value-based care journey,” said Mr. Farazi. “This platform, together with the Company’s
ability to fill the gaps across the continuum reaching all the way into the home, offers a powerful
opportunity to make every care encounter more effective. I am delighted to be joining Signify at
this exciting time in the Company’s journey and look forward to helping our clients achieve
sustainable success in these new models that reward improved outcomes.”

About Signify Health

Signify Health is a leading healthcare platform that leverages advanced analytics, technology,
and nationwide healthcare provider networks to create and power value-based payment
programs. Our mission is to transform how care is paid for and delivered so that people can
enjoy more healthy, happy days at home. Our solutions support value-based payment programs
by aligning financial incentives around outcomes, providing tools to health plans and healthcare
organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health
homeward, visit us at signifyhealth.com.

Topics: Executive Leadership Press Release
4 min read

Signify Health opens new regional service center in Oklahoma City

By Signify Health News on 6/14/22 9:45 AM

Company to host ceremonial ribbon cutting on June 15

OKLAHOMA CITY - June 14, 2022 - Signify Health, Inc. (NYSE: SGFY), a leading healthcare
platform that leverages advanced analytics, technology, and nationwide healthcare networks to
create and power value-based payment programs, today announced the official opening of its
new regional service center in Oklahoma City. The Company will mark the opening of its 25,000
square-foot site with a ceremonial ribbon cutting event with state and local government
representatives, business community leaders, and employees.

3 min read

Signify Health appoints Michelle Concannon as global technology leader at new Irish technology center

By Signify Health News on 5/29/22 9:30 PM

Announcement comes after Elaine Murphy appointed as Site Lead at Galway base

Topics: Signify Health Ireland

Caravan CEO Tim Gronniger: ‘A Lot to Like’ About ACO REACH

By Signify Health News on 5/11/22 3:28 PM

Caravan Health CEO Tim Gronniger spoke with Healthcare Innovation about the synergies between Caravan and Signify Health and what he likes about the new ACO REACH model. Read the full article here.

4 min read

Comptroller Braswell Launches Next Phase of Value-Based Health Plan Program, Designates Three Connecticut Health Care Organizations As "Centers of Excellence"

By Signify Health News on 5/11/22 10:22 AM

Program enhancements include new incentives for providers and plan members to achieve dual goals of achieving better outcomes and lowering overall health care costs

HARTFORD – May 10, 2022 – Comptroller Natalie Braswell announced today that the state
health plan has launched the next phase of its innovative value-based care payment program, aimed at improving the quality, affordability, and experience of health care for hundreds of thousands of state employees and retirees. Three Connecticut facilities — Women’s Health Connecticut, UConn Health and Trinity Health Of New England’s Saint Francis Hospital — have been designated Centers of Excellence for certain procedures to recognize and reward their demonstrated superior quality of care.

Launched in 2020, the state’s innovative Providers of Distinction program incentivizes the highest-quality care at the lowest possible cost for more than 40 common procedures and conditions including knee replacement, colonoscopy, cataract surgery and care related to pregnancy. By negotiating fixed, guaranteed pricing with providers to coordinate and deliver care across the patient’s care journey, the state reduces variation in costs while improving health care quality and outcomes.

“Providers across the state have embraced the opportunity to work in partnership with us to deliver high-quality, coordinated care while controlling costs,” said Connecticut Comptroller Natalie Braswell. “The new Centers of Excellence designation is a natural next step in our evolution of the program to recognize and reward those providers who are performing at the highest levels. Congratulations to Women’s Health Connecticut, UConn Health, and Trinity Health of New England’s Saint Francis Hospital for this impressive achievement. It’s my hope that, by elevating the most talented doctors, hospitals, provider groups and other medical institutions, that we can lower costs throughout the state and make Connecticut the health care capital of the nation.”

More than 340 providers currently participate in the Providers of Distinction program based on their demonstrated ability to deliver the best health care outcomes for patients at competitive prices. Those covered by the state’s health plan, including members of the Connecticut Partnership Plan, now will automatically receive cash incentives ranging from $100 to $1,000 when they have eligible procedures performed by participating providers. Incentives for both plan members and providers increase based on two provider performance tiers, called Providers of Distinction and Centers of Excellence. Providers of Distinction are those provider organizations that scored higher than their peers in affordability and clinical quality, while Centers of Excellence provider organizations are those who score the highest among their peers in affordability, clinical quality, and additional areas such as process improvement, leadership, clinical innovation, and patient focus. Three provider groups have been designated Centers of Excellence for 2022-2023, including:

● Women’s Health Connecticut for maternity and hysterectomy episodes of care
● UConn Health for maternity, knee replacement and revision, lumbar laminectomy, and
lumbar spine fusion episodes of care
● Trinity Health Of New England’s Saint Francis Hospital for hip replacement and hip
revision, knee replacement and knee revision, lumbar laminectomy, and lumbar spine fusion
episodes of care

In 2021, the State of Connecticut Health Plan was approved by The Centers for Medicare and
Medicaid Services (CMS) as an Advanced Alternative Payment Model (AAPM). With this
designation, eligible doctors, hospitals and provider groups that have contracted with the state may receive certain credit for their participation under the CMS Merit-based Incentive Payment System.

Signify Health supports the State of Connecticut’s Episodes of Care program by identifying,
contracting with and supporting participating providers with services, technology, and analytics, as well as securing fixed, episodes-of-care pricing with high-value network providers.

“The State of Connecticut has been a catalyst for accelerating the adoption of value-based payment models by innovative provider organizations across the state,” said Laurel Douty, Executive Vice President, Clinical Operations at Signify Health. “We are proud to support the State and its work to align primary and specialty care providers around what’s best for the patient – and help all citizens benefit from a higher quality system of care.”

Nancy Bernstein, President and CEO of Women's Health Connecticut said of the
designation: "As a high-volume resource for women in both maternity and gynecologic surgery,
we've long held the belief that there could be more cost efficiency in this space. We have enjoyed
being the state's partner in this program and in making a tangible difference toward reducing
healthcare cost. We're grateful to receive this COE distinction for those efforts."

“The Center of Excellence designations affirm UConn Health’s steadfast focus on patient-centered, high-quality, and affordable care,” says Dr. Bruce T. Liang, interim CEO of UConn Health. “We are proud to be a partner in the state’s initiative further elevating the quality and value of health care for all.”

"The State of Connecticut’s innovative value-based care payment program is an exciting move for all those insured by the State’s health plan, offering patients the assurance that they are receiving affordable, high-quality care. As the clinically integrated network for Trinity Health Of New England, SoNE HEALTH is dedicated to a collaborative approach to healthcare and we are
honored to align with the State of Connecticut on this initiative,” stated Lisa Trumble, President
and CEO at SoNE HEALTH.

***
About the Office of the State Comptroller
Connecticut’s Office of the State Comptroller administers the health plan covering state and certain municipal workers, retirees, and their dependents, totaling over 220,000 lives. Comptroller Natalie Braswell has focused the efforts of the office on improving the quality of care, including access to preventive screenings, while simultaneously reducing costs. For more information, visit osc.ct.gov.

About Signify Health
Signify Health (NYSE: SGFY) is a leading healthcare platform that leverages advanced analytics,
technology, and nationwide healthcare provider networks to create and power value-based payment programs. Our mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Our solutions support value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health homeward, visit us at signifyhealth.com.