Payformance Solutions
Hospitals and Health CareIllinois, United States11-50 Employees
Payformance Solutions is a health-tech company based in Chicago, Illinois that focuses on payment transformation in healthcare. It offers proprietary software that uses data to support the design, measurement, and negotiation of value-based reimbursement contracts as a neutral intermediary, with the aim of improving access to care and health outcomes at lower costs. As a wholly owned subsidiary of Altarum Institute, a nonprofit systems research and consulting organization with a long history in health IT, Payformance operates within the broader healthcare and hospitals and health care industry. Its offerings are aimed at payers and providers seeking greater transparency and alignment of financial goals with patient outcomes, fostering collaboration within a value-based care ecosystem. In January 2019, the company was recognized as one of Chicago's best places to work.