THC's Conifer to Provide New Service

Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (THC - Analyst Report) intends to provide clinical integration, population health management and financial risk management services. Conifer will provide these services to shareholders of all healthcare companies.

The decision to initiate such services by Conifer was taken to support the healthcare majors to come up with cost effective and enhanced healthcare systems. Besides, Conifer also aims at facilitating patient care and support healthcare reforms through the programs.

Conifer Health will utilize its expertise, modeling technology, clinical integration system, and data analytics tools to identify any fallacies of the system and resolve them. As a result healthcare providers, payers and self-insured employers will be able to receive the services at lower costs and deliver better patient care.

The recent acquisition of InforMed Health Care Solutions in association with Conifer’s capital management systems are also expected to assist Tenet’s subsidiary to overcome the constraints related to the financial, clinical and qualitative aspects of the healthcare reform.

Inclusive of the new services, Conifer Health’s portfolio will now consist of programs that deal with patient access, patient financial services as well as health administration and care management. The programs also focus on experience of clients who are shifting from fee-for-service to fee-for-value healthcare.

Last week, another healthcare company, Magellan Health Services (MGLN - Snapshot Report) announced that its unit Magellan Pharmacy Solutions has launched a new clinical quality management program. The program is named Whole Health Rx and is designed to supervise the drug delivery systems associated with behavioral health and pharmacy benefits. Humana Inc. (HUM - Analyst Report) also launched new initiatives in Jan 2013 to help people across the nation to adopt a healthy lifestyle. The programs were named Humana Walkit Challenge and Humana Walkit Pro.

Tenet currently carries a Zacks Rank #3 (Hold). Another industry major Coventry Healthcare Inc. (CVH) carries a favorable Zacks Rank #2 (Buy) and is worth noting.