PinpointCare has raised $11 million for its bundled payment and care coordination solution from private investors and existing customers.

The company’s technology connects and unites each patient episode with the provider’s entire acute and post-acute network. The secure, SaaS platform is designed to deliver personalized care planning, monitoring and communication, while significantly reducing the need for redundant outsourced call centers and other costly add-ons.

PinpointCare’s technology connects and unites each patient episode with the provider’s entire acute and post-acute network.The bundled payment model, one of the industry reforms included in the Affordable Care Act, is intended to help care providers cut waste, become more financially accountable and address the need for better patient care coordination. It reflects the transition that is shifting from “fee-for-service” to “pay-for-performance.”

“Our software enables organizations to have a far higher care manager to patient ratio,” said PinpointCare CEO Joel Splan. “By eliminating the call-center middleman, our customers keep their intellectual and financial capital, while maintaining clinical touch with the patient, and ultimately the control over their outcome data.”

Last year, PinpointCare developed a platform with bundled services for orthopedic procedures. That platform has been used by the Illinois Bone & Joint Institute for over a year and because of its success in lowering readmissions and reducing costs – it has been cited by CMS as one of the most successful examples of its pilot program (Bundled Payment for Care Improvement). The same platform is now being used by 66 customers and is poised for more aggressive growth as the shift to value based care accelerates.