Global Excellence 2020

Acquisition International - Global Excellence 2020 223 Acquisition International - Issue 10 2020 17 Jun20292 RIARQ Health provides Independent Medical Practices across the US with a unique combination of technology and billing services. Establishing equal partnerships with physicians enables them to own their own practice, while benefiting from the access provided by TRIARQ to large-scale data and analytics that has been cultivated from a nationwide network of medical practice partners. The insights gained from this data works to level the playing field for smaller practice owners, giving them a competitive edge and allowing them to deliver better care. In addition, TRIARQ partners can participate in new Value-Based payment models, a technology that simplifies data collection and administrative investment of value-based contracts. Combined with the expertise of TRIARQ’s performance managers, medical practices can achieve perfect scores in programs such as MIPS, something that would ordinarily be unattainable for independent practices. With a fervent belief that a strong network of independent healthcare providers is the backbone of the American healthcare system, TRIARQ are working hard to supply them with everything but the care itself. A strong foundation in Medical Practice Management combined with two defining attributes ensures the company is well suited to serve the independent medical practice community. First, TRIARQ partners with every physician on an equity basis, aligning every party’s interests, as the physicians retain ownership of their practice while TRIARQ has incentive for outstanding results. Second, is the firm’s focus on innovative technology solutions, such as the Care Management Platform, a unique digital tool designed to increase communication and coordination between care teams and providers. Combined with their experience of a practice’s day to day functions, TRIARQ is equipped with the skills to serve physicians to the highest standards. Therefore, while doctors focus on providing outstanding patient care, the Practice Services division of TRIARQ manages patient data and appointments, billing, staff management, payroll, marketing, medical supply services and much more besides. Meanwhile, the Value Services division has developed a unique Alliance model that helps independent physicians participate in risk-bearing contracts that are too complicated or too risky to participate in on their own. It requires a large management apparatus and technology platform to provide the level of coordination necessary to succeed in BPCI-Advanced or similar private payer programs. This keeps physicians in control of patient care and enhances their ability to compete in an increasingly consolidated healthcare marketplace. According to TRIARQ, the increased consolidation under large health systems such as hospitals means there are a few regional T TRIARQ Health is a Physician Practice Services company that partners with doctors to run modern patient- centered practices so they can be rewarded for delivering high-value care. Rooted in innovative technology solutions, TRIARQ partner with physicians on an equity basis, sharing their fifteen years of experience to help independent practices manage workflow, patient data and billing. It is TRIARQ’s aim to offer physicians everything but the care itself, allowing the doctors to focus on delivering outstanding patient care. Everything But The Prescription networks directly employing most physicians, instead of thousands of independent physicians. This gives significant competitive advantage to large systems over independent practices thanks to their scale which offers economic efficiency and can therefore leverage big data for its own benefit. This is detrimental to the American healthcare system, reducing the entrepreneurial spirit of American physician and the incentive to be a good doctor. This system is putting too much control over the nation’s healthcare into the hands of too few and TRIARQ is trying to combat this. With many of the staff having worked together for years, the team is a close one, sharing in a collective vision. Each member is given responsibility from the get-go and empowered to do what’s right for their clients. It is this drive that has facilitated the exceptional growth of TRIARQ over the past fifteen years and will continue to do so as the company looks ahead. The future is bright for TRIARQ, with several exciting projects in the works across the different departments. While the technology team is working to bring the entire EMR to mobile devices and add video chat features to enable e-visits, the billing team is working on a new Patient RCM, simplifying the payment process for doctors and patients. Meanwhile, TRIARQ is in the middle of developing a library of new resources called QCollege, which will contain educational and training materials that both help practices make the most of their EMR and keep them up to date with important changes in the healthcare landscape. As ever, TRIARQ is working hard to support the backbone of the American healthcare system; independent medical practices. Contact: Mike Sappington Company: TRIARQ Health Web Address: www.triarqhealth.com TRIAR H E A L T H Most Outstanding Physician Practice Services Provider 2020 - USA