Syntax Health
Optimizing Value-Based Care for Everyone
Healthcare is rapidly moving to value-based care (VBC), where providers are incentivized to deliver value, versus volume in fee-for-service. Although this trend improves patient outcomes and system efficiency, 96% of executives report no contract management system, manual processes, and/or outdated systems. It can take months to model and negotiate contracts.
Syntax is an enterprise Software-as-a-Service (SaaS) solution that accelerates contracting processes, improves efficiency, and promotes transparency. It offers advanced analytics and a real-time collaborative workspace where actuaries, analysts, network managers, and providers engage in modeling and negotiation. As a result, payers and providers can achieve better outcomes from best-fit aligned incentives.
Healthcare has invested heavily in wrap-around enablement and downstream intervention solutions for VBC, largely ignoring upstream tooling like modeling and workflow capabilities. As a result, VBC contracting has become disjointed and complicated. Syntax is a game changer because it engages every stakeholder by being a one-stop collaborative workspace and digitizing VBC contract modeling. It enables oversight across all provider domains and business segments, and facilitates financial reconciliation.
Today, Syntax works with companies across healthcare including health plans, provider organizations, and digital health innovators. The platform is HIPAA compliant, recently completed an actuarial review with the Wakely Consulting Group for its models and calculations approach, and was recognized by Bessemer Venture Partners in their “State of Health Tech 2023.” Syntax can help payers and providers save up to 40% of the time that it normally takes to negotiate a VBC contract, this amounts to months of time savings. Allowing for faster speed-to-market, improved accuracy, greater confidence in program design, and strengthening relationships through collaboration.
