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Incorporated in 1997, the firm’s
initial clients were physician networks and hospital joint ventures
with physicians. Pendulum provided temporary management services
to transition employer direct contracting strategies for IPAs, PHOs,
and also helped in the capital formation process as investor and
as a partner to the provider’s commitment to long term success
in care management.
By 2001 employers and community-based health plans started to see
the value of these services from a payer perspective. Pendulum expanded
its capabilities and technology to become a full service information
company to help bring answers to the questions in measuring successful
changes in benefits design, clinical quality and safety improvement,
as well as the economics of delivery system transformation.
In 2006 Pendulum expanded our partnerships and made several offers
to purchase and/or manage provider sponsored health plans. Most
of these were hospital owned plans that needed a partner to transfer
out of the business of operating a managed care company but still
needed the visits and admissions from their prepaid population.
Pendulum is able to develop a shared resource platform to operate
each franchise at the community level, thereby giving each acquisition
an opportunity for growth outside their service area.
The company continues to operate as a privately held corporation
funded by a team of private and institutional investors. We are
not owned by an insurance company. We do not sell software or insurance
but rather have chosen to sell solutions to the long term problems
and conflicts between health care financing and delivery at a community/regional
level through a combination of technology, management skills and
capital formation strategies.
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Management Professionals associated
with Pendulum Healthcare Development Corporation all have on-hands
experience in the research, design, development and implementation
of successful employer and provider sponsored healthplans.
Disciplines include:database management, clinical guideline research,
biostatistics, claims analysis, medical management, finance and
marketing. |
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