Healthcare technology firm Arbital Health has partnered with behavioural healthcare company Quartet Health to expand value-based care arrangements for severe mental illness.
The continued long-term collaboration is intended to advance Quartet Health’s Whole Health programme and other key initiatives.
Arbital is a neutral third-party partner that utilises validated actuarial science and specialised expertise. It supports payers, providers, point solutions, employers, and value-based care enablers at every stage of value-based care.
Under the partnership, Arbital Health will design and monitor outcomes-based contracts to enhance the programme. This initiative aims to lower costs and improve patient outcomes for individuals with serious mental illness (SMI).
Quartet Health chief medical officer Michael Lipp said: “Arbital Health’s actuarial expertise, collaborative approach, and deep understanding of value-based care contracting made them well suited for Quartet’s Whole Health programme.
“They have been an excellent partner and have allowed us to deepen our capabilities as we grow our Whole Health programme.”
The Whole Health programme offers a comprehensive care solution that integrates physical and behavioural health. This wraparound service supports individuals with severe mental illness at no extra cost.
Designed to reduce total cost of care (TCoC), the initiative involves developing financial structures to measure savings. Arbital Health’s actuarial analysis will help the behavioural healthcare firm implement these initiatives with clients.
Arbital Health chief science officer Andrew Mackenzie said: “We are excited to continue our journey with Quartet to help create a world where every person with a mental health condition will get the care they need.
“Untreated mental health conditions result in worse outcomes for patients, payers, and providers and exacerbate other disease areas.
“Accurately measuring the financial impact associated with appropriate treatment will allow for greater deployment of better value-based care for patients with mental health conditions.”
In April, Arbital Health introduced its platform for value-based contract adjudication. The platform allows secure data sharing and contract adjudication within a value-based care arrangement.
The company was launched in November 2023 and closed its $10m Series A financing round and the acquisition of Santa Barbara Actuaries in January this year.
