Cerebrae Changes Name to Accorded Reflecting Company’s Focus on a Frictionless Value-Based Contracting Ecosystem
The company has unveiled a new name, a new logo, and a new product release to support strategic vision around value-based contracting.
SAN FRANCISCO, Calif., October 6, 2022 – Cerebrae, a technology platform company for value-based contracting, powered by leading-edge actuarial science, today announced a corporate rebrand and a new product release. At the core of the rebrand is the change in the company name to Accorded, which embodies their product offerings and direction in the industry as the trusted source for value-based contracting and financial forecasting in healthcare.
In concert with their rebrand, Accorded is launching Contract Designer, a business application for healthcare stakeholders to leverage financial forecasts to dynamically design and compare value-based contract terms. Contract Designer facilitates seamless collaboration between providers and payers with in-app proposal delivery and contract addendum generation. This is the first to market solution of its kind for value-based contract design and collaboration.
“This is a major milestone for the company as the healthcare market continues to evolve towards value-based care, and this new brand signifies our growing ambition to become the platform of choice for value-based contracting where stakeholders of any size can participate in value-based contracts” said Frank Cheung, FSA, MAAA, Co-Founder and CEO of Accorded adding, “we are looking forward to supporting more organizations regardless of where they are on their journey to value-based care.”
Following a recent round of Series A funding led by Stepstone Group, Accorded has been rapidly innovating on how to accelerate the adoption of value-based care through technology and actuarial science. Customers are already utilizing Accorded’s Opportunity Forecast to project their solution’s impact on cost of care and are partnering with Accorded to design and implement value-based contracts. Contract Designer is another tool that simplifies and enables value-based contracting operations at scale.
The Accorded name is rooted in the company’s commitment to build financial transparency and harmony to contracts in the healthcare industry. The logo symbolizes stakeholders finding accord as illustrated by the outer and inner lines coming to a single point. The new branding launches today followed by the release of Contract Designer later this month.
At Accorded, our mission is to build a frictionless, sustainable value-based contracting ecosystem. Until now, value-based contracting has been too complex and costly for most organizations to operationalize. The Accorded Platform, powered by leading-edge actuarial science, simplifies and scales value-based contracting with tools to empower healthcare stakeholders to forecast, contract around, and measure the financial value of care. We are proud to be supported by leading investors in healthcare fintech including Fika Ventures, Susa Ventures, Stepstone Group, and others.
Learn more at accorded.com.