SpectraMedix Advances JOC Reporting to Accelerate Value-Based Contract Success

Transparent performance management strengthens value-based outcomes and payer-provider risk-sharing

EAST WINDSOR, N.J., Feb. 18, 2025 /PRNewswire/ -- SpectraMedix, a leader in advanced analytics and technology solutions for value-based payment (VBP) models, has launched enhanced Joint Operating Committee (JOC) reporting solutions to help health plans and providers collaborate more effectively, gain early insight into performance, and align strategies to achieve success in value-based arrangements. These solutions are already being adopted by SpectraMedix clients to accelerate performance improvement.

Many organizations struggle with fragmented data and time-consuming processes to curate JOC reporting, delaying critical insights needed to drive meaningful improvements in value-based contract results. SpectraMedix solves these challenges, unifying siloed information and automating reporting to provide a clear, timely view of performance across value levers, results, and trends—tailored to the needs of each value-based arrangement. This data-driven approach enables health plans and providers to proactively address performance gaps, improve care delivery, and enhance both clinical and financial outcomes.

"For many Joint Operating Committees, the burden of manually compiling data from disparate systems takes time and resources away from the analysis, interpretation, and provider engagement needed to drive value-based success," said Raj Lakhanpal, MD, CEO of SpectraMedix. "Our platform empowers healthcare organizations with the timely intelligence they need to drive strategic discussions, align on shared goals, increase accountability, and make the JOC process more efficient and valuable for all stakeholders."

Unlocking the Full Potential of JOCs
SpectraMedix turns JOC meetings into high-impact strategy sessions, transforming complex data into actionable, provider-friendly insights that strengthen collaboration and accountability. As a single source of truth, the SpectraMedix platform provides a comprehensive, timely understanding of value-based contract performance that connects quality, risk, and utilization to financial outcomes. By streamlining information, SpectraMedix enhances the provider enablement experience for its health plan customers and helps reduce provider burnout associated with value-based contracts.

Early performance visibility and benchmarking against contract and industry targets enables stakeholders to identify underperformance sooner and make proactive adjustments to close gaps and improve results. Automation enhances accuracy and efficiency, reducing administrative workload so that JOCs can focus on strategy rather than preparation.

This performance transparency fosters trust, strengthens collaboration, and drives more productive, results-driven JOC meetings—ultimately leading to more sustainable value-based contract success.

For more information on SpectraMedix JOC Reporting solutions, visit https://www.spectramedix.com/hot-topics/joc-reporting.

About SpectraMedix
SpectraMedix delivers the complete picture of value-based performance to drive operational excellence and accelerate performance improvement for health plans and health systems across the spectrum of value-based contracts. Our comprehensive, end-to-end platform empowers organizations with transparency into financial performance, quality, risk and utilization to help them establish trust with providers, maximize revenue and scale their value-based arrangements. For more information, visit www.spectraMedix.com.

Contact Information
Nathan Brown 
Director of Marketing 
390291@email4pr.com 
(609) 638-2987

View original content to download multimedia:https://www.prnewswire.com/news-releases/spectramedix-advances-joc-reporting-to-accelerate-value-based-contract-success-302378005.html

SOURCE SpectraMedix