3M (MMM), Edifecs Partner to Promote Value-Based Healthcare – January 12, 2023

3M Company ,mmmm , Free Report) arm 3M Health Information Systems (HIS) recently collaborated with global health information technology solutions company Edifecs, Inc. to provide a unique solution for adopting value-based payment models in healthcare.

Per the deal, 3M Health Information Systems’ tools will be integrated into Edifecs’ stable and scalable value-based care platform promoting providers’ move into two-sided risk contracts. This combined solution will help to overcome difficulties that have previously prevented the rapid adoption of VBP models by merging 3M patient classification methodologies with Edifecs’ VBP actuarially-driven templates and precision risk intelligence capabilities.

This collaboration will allow payers and providers to quantify the value of restricting negative events and will allow accountability across health systems, multiple providers and payment models. The new solution will enhance data sharing between providers and payers and will enable classification, grouping, edits and reimbursement calculation systems for inpatient, outpatient and professional settings. In addition, it supports the adoption of value-based payment contracts across critical data. The new solution is designed to address both social influencers of health and concerns of health equity.

Zacks Rank & Stocks to Consider

3M currently carries a Zacks Rank #4 (Sell). Some better-ranked companies are discussed below:

Xylem Inc. ,xyl , Free Report) currently sports a Zacks Rank #2 (Buy). XYL’s earnings surprise in the last four quarters was 13.3%, on average. you can see the complete list of today’s Zacks #1 Rank stocks,

In the past 60 days, Xylem’s earnings estimates have increased 0.1% for 2022. The stock has gained 51.1% in the past six months.

MRC Global Inc. ,MRC , Free Report) currently has a Zacks Rank #2. MRC’s earnings surprise in the last four quarters was 103%, on average.

In the past 60 days, MRC Global’s earnings estimates have increased by 0.1% for 2022. The stock has gained 17.5% in the past six months.

EnerSys ,ENS , Free Report) delivered an average four-quarter earnings surprise of 2.1%. ENS currently carries a Zacks Rank of 2.

ENS’ earnings estimates have increased 0.6% for fiscal 2023 in the past 60 days. The stock has gained 37.1% in the last six months.

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