PALO ALTO, C.A., April 14, 2015– Applied Research Works, Inc. (ARW) announces that it intends to enter into negotiations with Horizon Healthcare of New Jersey, Inc. d/b/a Horizon NJ Health – a subsidiary of Horizon Healthcare Services, Inc., New Jersey’s largest and oldest health insurer, to support the increasing needs of a value- based environment through continuous improvement of quality, cost and risk. If negotiations are successful, ARW will display quality measurement data, for the Medicare plans served by the Government Programs Division of Horizon Healthcare Services, Inc. (Horizon), to healthcare providers via the Cozeva platform. This will assist providers in their efforts to improve quality measures including those that are involved in the Medicare Star Ratings.
"Cozeva’s work with Horizon supports our mission to provide actionable technology that enables high quality care," said Shaibal Roy, CEO at ARW. "Cozeva provides a single point solution to actively manage Horizon’s value based environment where quality, risk, and cost are crucial levers of the system. By using Cozeva, Horizon can prospectively and in real time have their finger on the pulse of the value-driven environment." Cozeva is a value-based framework which enables health plans and practices to prospectively guide, monitor and manage their daily progress towards quality, cost and risk goals using Cozeva’s near real-time environment. Physicians and their practices can act upon any care opportunity identified in Cozeva by either adding clinical information to correct the record or engaging directly with the patient for the necessary care. “If implemented, the Cozeva platform would be a tremendous asset for our organization, allowing us to closely monitor and drill down into member data,” said Dr. Paul Alexander, Horizon’s Vice President of Government Programs and Chief Medical Officer of Horizon NJ Health. “An additional benefit of this platform could be the ability to identify gaps in care and share vital information with our providers that could assist them in identifying additional opportunities to improve overall patient care.” For more information on ARW, go to www.appliedresearchworks.com. To learn more about Horizon NJ Health please visit www.horizonnjhealth.com. About Applied Research Works Founded in 2008 in Hawaii, Applied Research Works, Inc. (ARW) is a fast growing health information technology and services company with headquarters in Palo Alto, California. ARW’s flagship product is Cozeva®, is designed to support health plans and health systems in managing quality, cost and access more precisely as performance risk at the provider level increases. For more information, visit www.AppliedResearchWorks.com. About Horizon NJ Health Horizon NJ Health is headquartered in West Trenton, N.J. Learn more at www.horizonNJhealth.com. Media Contacts Horizon NJ Health – John Passuth, (609) 718-9178,John_Passuth@horizonnjhealth.com Applied Research Works – Joyce Lignell, (808) 271-4943, info@appliedresearchworks.com This press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy any security. This press release contains forward looking statements. These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.