SAN FRANCISCO, CA, September 29, 2023 – Stratum Med, Inc., a physician-owned, physician-led collaborative comprised of prominent medical groups accounting for over 12,000 physicians across the country, and Datavant, the leader in securely connecting health data, have announced a partnership to create an industry standard data lake to enable operating efficiencies, minimize risk and generate virtuous use cases for identified and de-identified data sets.
Stratum Med organizations intend to implement Datavant’s technology and integrated services for Release of Information by leveraging Datavant’s ability to pull standardized electronic health record (EHR) data from over 60 EHR systems in a timely, secure and compliant manner. Using these connections to feed the standard data lake will also allow Stratum Med to take advantage of Datavant’s capabilities and ecosystem to bring in additional third party data in a de-identified manner to further increase patient insights.
The data lake, which Stratum will retain full control of, will provide Shareholders visibility to patient populations to expand value based care initiatives, increase risk predictability, improve clinical decision making and close care gaps. This clinical integration will also extend opportunities for closer connectivity to clinical trials and life sciences projects.
“Datavant was already providing Release of Information services for several of our Shareholders. When we learned of the opportunity to expand Datavant’s digital technology to additional Shareholders in order to simultaneously facilitate the creation of a data lake that Stratum would own, control, and use to improve the outcomes of the patients we serve…it was a logical next step to support our strategic initiatives,” said Trent Kramer, President, Chief Executive Officer for Stratum Med.
“Datavant has the largest ecosystem of data exchange in healthcare and it is so exciting to work with organizations like Stratum Med that share in our mission to improve patient outcomes by elevating data exchange to data empowerment”, said Pete McCabe, Chief Executive Officer for Datavant.
About Stratum Med
Since 1996, Stratum Med, headquartered in Champaign, IL, has specialized in bringing together disparate medical groups in order to achieve success for the last 25+ years in a variety of verticals through collaboration. Owned by 17 large independent multi-specialty group practices, Stratum has remained physician-owned and physician-led expanding their reach nationally through successfully sustained relationships with over 100 medical groups and approximately 12,000 physicians and counting. Midwest-based with national outreach, Stratum aims to facilitate groundbreaking medical innovation and collaboration between high-achieving medical groups, and leverage group buying power to decrease costs. Learn more about Stratum Med at www.stratummed.com.
Datavant’s mission is to connect the world’s health data to improve patient outcomes. Datavant works to reduce the friction of data sharing across the healthcare industry by building technology that protects the privacy of patients while supporting the linkage of patient health records across datasets. Learn more about Datavant at www.datavant.com.