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Signify Health Issues Quality and Social Impact Report
By Signify Health News on 4/14/22 6:43 AM
Establishes framework for reporting on environmental, social and corporate governance initiatives focused on driving value for shareholders and stakeholders across healthcare
DALLAS AND NEW YORK – April 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 publication of its 2021 Quality and Social Impact Report. Building from a Statement of Purpose issued by Signify’s Board of Directors in late 2021, the report offers a framework for how the Company will measure its performance on key environmental, social and corporate governance issues, in addition to healthcare quality measures, in alignment with its vision and values.
“Signify exists to give providers, payors and the people they serve the information, tools and support needed to achieve the best possible health outcomes — and to do so efficiently and cost-effectively. This report is an important way for us to tangibly demonstrate how we live our commitment in all that we do,” said Kyle Armbrester, Signify Health CEO. “I am proud of the impact we are making on the millions of people we serve and look forward to collaborating with our customers and partners to unlock opportunities to build a better healthcare system and experience for all.”
The report includes key accomplishments from 2021 and establishes a baseline from which the Company will measure progress in several areas of focus. Among them:
- Leading with quality. Signify conducts evidence-based assessments to support providers in achieving quality outcomes and in 2021, outperformed national averages for several quality measures within Medicare’s Bundled Payments for Care Improvement Advanced Program (BPCI-A). These quality measures include: AHRQ Patient Safety Indicator (PSI 90); Advance Care Planning; Excess Days in Acute Care after Hospitalization for Acute Myocardial Infarction; and, Perioperative Care: Selection of Prophylactic Antibiotics. Additionally, the Company reported low double digit percentage reductions in 90-day hospital readmissions among BPCI-A and ACO patients participating in its Transition-To-Home program. Also in 2021, the National Committee for Quality Assurance (NCQA) validated the methodology Signify uses to identify members eligible to receive specific diagnostic and preventive services during a Signify in-home evaluation.
- Managing social determinants of health (SDOH). Signify’s more than 600 social care coordinators screen individuals for social issues that affect their ability to access quality healthcare and achieve the best possible health outcome. As a result of these efforts, in 2021, Signify connected more than 260,000 people with services to address social determinants of health (SDOH) issues such as food insecurity, social isolation, and transportation.
- Building sustainable workplaces. To reduce energy use and emissions, the Company reported several initiatives to incorporate eco-friendly building materials in its Dallas, Oklahoma City and Rapid City offices. Additionally, Signify Health entered into a new partnership with Persefoni, a leading climate management and accounting platform, to evaluate opportunities to reduce the carbon footprint of the Company’s operations and to provide more thorough measurement of climate-related data beginning in 2022.
- Diversity & Inclusion. Signify implemented a range of initiatives to identify and fill gaps in representation at all levels. Additionally, Signify initiated strategic partnerships with P-Tech.org and Catalyst.org to support mentorships and internships for students from diverse backgrounds and to build workplaces that work for women.
To learn more about Signify Health and the initiatives it is undertaking to lead the industry forward and drive quality and social impact, view the report here.
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.
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