Revo Health, Medtronic announce strategic partnership for value-based care
Revo Health today announced it has forged a strategic partnership with Medtronic, the global leader in medical technology. Revo Health and Medtronic have signed an agreement to collaborate to support their joint commitment to delivering attractive patient-payment models and ultimately to enhance patient outcomes at the same or better cost of care. In connection with the collaboration, Medtronic has also made a minority investment in Revo Health to support these efforts. With this strategic partnership, the parties will gain deeper insights to the Bundle and ASC market dynamics rapidly shaping the healthcare landscape. This venture is an important validation of Revo Health’s business direction and shows a clear commitment for Medtronic’s increasing focus on value-based care.
Founded in July 2017 as a distinct and separate entity organized by Twin Cities Orthopedics, Revo Health offers improved value through episode-of-care bundle development, quality improvement, general business-process outsourcing and ambulatory surgery centers (ASC) solutions. Revo Health is the only independent practice-friendly, value-based-care enablement solution that offers a practice-proven, frictionless ways to get started.
“At Revo Health, we are committed to finding ways to meet the needs of patients and providers who are evolving toward value-based solutions,” said Troy Simonson, Revo Health CEO. “Medtronic shares in this commitment, and we are confident that this strategic partnership will help influence value-based care offerings in a profound way.”
The strategic partnership is yet another step forward in Revo Health’s mission to create more access to value-based care for patients across the health care industry. Revo Health offers affordable, innovative and scalable solutions and tools to provide exceptional patient care with a focus on orthopedics. Specifically, Revo Health delivers commercial bundle models and convener opportunities that reduce the total cost of care and improve patient experience and outcomes through its expertise in ASC solutions.