With investments across many sectors of the health care industry in the United States, Canada, and Western Europe, Great Point Partners continues to grow. The health care investment firm has a particular interest in biopharmaceutical infrastructure, health care services, and information technology. Citra Health Solutions, one of Great Point Partners’ portfolio companies, recently announced that two of its accountable care organizations (ACOs) had saved clients a total of $11.2 million in 2014.
Citra helps meet the needs of medical providers and hospital systems by applying proprietary technology, analytics, and care management to expand growth opportunities and reduce costs. Its successes with the two ACOs, American Health Alliance and ACO Health Partners, were significant, as only 27 percent of ACOs nationwide received bonuses from the Centers for Medicare and Medicaid Services. With Citra’s assistance, American Health Alliance saved $4,756,401 and ACO Health Partners saved $6,476,300. These savings did not come at the cost to quality patient care, however; both organizations exceeded quality requirements by more than 80 percent.