Halfpenny Technologies Announces Expanded Offering for Health Plans

BLUE BELL, Pa.--(BUSINESS WIRE)--Halfpenny Technologies today announced its expanded service offering for health plans. Halfpenny Technologies’ ITF-Hub is a cloud-based clinical data exchange solution enabling health plans to access members’ laboratory data from a wide variety of hospital and commercial labs through only one data connection. Importantly, Halfpenny's proven methods of clinical data capture, aggregation, normalization and archive / retrieval are being used for millions of covered lives to bridge the gap between claims information and discrete clinical data.

“Halfpenny Technologies’ robust clinical data exchange solution has allowed us to collect critical lab data from several of our network hospitals that enables us to improve our HEDIS® scores and positively impact our disease management initiatives.”

According to Tim Kowalski, Halfpenny Technologies’ President and CEO, “Health plans are increasingly faced with the challenge of reducing their administrative costs and increasing their revenue streams. Although some health plans receive a reduced set of lab data from the largest commercial labs, the reality is that they are only receiving a small subset of the data they need. By connecting to the Halfpenny Technologies ITF-Hub, a health plan can significantly increase the amount of data they receive as well as the usability of the data. Benefits of this include higher Medicare Five-Star Ratings, increased NCQA and HEDIS scores and better disease management programs via propensity modeling and provider alerts. These benefits help drive reduced costs and increased revenue for the health plans.”

Halfpenny Technologies has implemented this lab hub solution for Keystone Mercy Health Plan for several of their major hospitals. According to Russell Gianforcaro, Executive Director Keystone Mercy Health Plan, “Halfpenny Technologies’ robust clinical data exchange solution has allowed us to collect critical lab data from several of our network hospitals that enables us to improve our HEDIS® scores and positively impact our disease management initiatives.”

Halfpenny’s ITF-Hub health plan solution propensity modeling allows for the analysis and detection of chronic disease patients. This initial offering supports the identification of kidney disease and diabetes patients with additional chronic conditions planned for the future.

Halfpenny Technologies will be attending the 2012 Blue National Summit in Orlando, FL on September 10-12 and representatives will be available to discuss this exciting new product offering.

About Halfpenny Technologies

Halfpenny Technologies Inc. provides clinical laboratories, hospitals, health plans, health information exchanges and EHR vendors with a cloud based, secure, scalable, vendor-neutral clinical data exchange platform. Our proven track record of providing advanced features, rapid implementation, reliable technology infrastructure and LOINC mapping enables laboratories and hospitals to win new clients and better compete in the HITECH era; health plans to improve HEDIS reporting and STAR ratings, increase revenue and support population-based initiatives; and EHR vendors to include CPOE and results delivery in their solutions and meet Meaningful Use certification requirements.

To learn more about Halfpenny Technologies visit the web site: www.halfpenny.com.