WYOMISSING, Pa., Oct. 31, 2016 (GLOBE NEWSWIRE) -- PrecisionBI, a leading provider of healthcare analytics, business intelligence and clinical and financial decision support, today announced a strategic relationship with VitreosHealth, a pioneer in predictive and prescriptive health insights for population health management.
PrecisionBI is leveraging VitreosHealth to bring customized care insights to its clients through interactive visualizations and quality metrics that will optimize performance across financial and clinical operations to help minimize the cost of at-risk patients.
This relationship is significant for PrecisionBI clients who are looking to combine their cost data and their clinical and non-clinical data to get a complete picture of patient risk stratification for financial and clinical outcomes. The alliance allows PrecisionBI to address Fee-For-Service metrics, Capitated metrics, as well as Value-Based Care metrics for its users.
As Accountable Care Organizations (ACO), Independent Physician Associations (IPA), and Integrated Delivery Networks (IDN) compete to provide improved patient outcomes, PrecisionBI through this partnership is now able to identify at-risk patients and deliver prioritized clinical pathways for care management programs with the highest return on investment.
Having access to this type of analysis will provide the PrecisionBI user with actionable insights into their data to make a significant improvement on their outcomes while driving down costs. The VitreosHealth partnership allows PrecisionBI to be the one stop solution across the board to benefit a variety of stake holders in the organization, including: Analytics teams, Care Management teams and ACO leadership teams.
“Partnering with VitreosHealth will allow PrecisionBI clients already leveraging our deep clinical and financial analytics the ability to identify patients that are not only high risk now, but will be within the next 12-18 months. This predictive capability, along with proactive Care Management ‘next steps’ provided by the integrated solution, will prove invaluable for enhanced cost control and improved patient health outcomes as our clients enter the new era of MACRA,” said Jaime Ojeda, GM & EVP, PrecisionBI.
The PrecisionBI and VitreosHealth alliance will employ the largest library of disease-specific risk models and require minimal involvement from technology teams. Using VitreosHealth’s dynamic adaptive ETL framework minimizes disruption in day-to-day operations.
“We are excited to partner with PBI. The PBI analytics platform provides very sophisticated, high level and detailed drill-down views into operational and financial performance. With VitreosHealth’s predictive and prescriptive risk analytics platform, PBI can now offer the greatest depth of analytics in Population Health Management. VitreosHealth has an extensive library of clinical and non-clinical risk models, which can be used for risk stratification, prioritization of gaps that really matter in impacting Outcomes for each specific patient cohorts for Care Management interventions,” said Jay Reddy, CEO, VitreosHealth.
About VitreosHealth
VitreosHealth offers the first Insights-as-a-Service delivery model for advanced population health analytics. They leverage Big Data and predictive and prescriptive health insights for population risk models that provide a complete view into the healthcare continuum. Their adaptive insights achieve a patient-centric focus for each perspective within a healthcare organization that leads to quality health outcomes and improves financial performance for measurable return on investment.
VitreosHealth was recently awarded Frost & Sullivan’s 2016 North America Award for New Product Innovation for Advanced Population Health Analytics Solutions. Learn more at www.VitreosHealth.com.
About PrecisionBI
PrecisionBI (PBI) pioneered healthcare analytics and business intelligence. Since 1993, PBI has elevated healthcare analytics and business intelligence by automating it and providing our clients real-time decision support. PBI empowers its users with an enterprise-ready, self-service solution that continually seeks to exceed the demands of today’s healthcare industry. With over 20 years’ experience in healthcare analytics and BI, our 350+ clients are backed by some of the best talent in the industry and continually advancing the future of healthcare.
PBI is a division of Meridian Medical Management. For more information, visit www.m3meridian.com.