McKesson today announced the signing of an exclusive agreement with MedVentive to offer an analytics solution to the payor market. The solution, Analytics Advisor features a prospective approach to analytics that is designed to enable payors to present providers with actionable data so they can intervene at the right time to drive meaningful change. Combining McKesson's health care business expertise, broad solution portfolio and extensive channel with MedVentive's proven analytics product will bring powerful analytics to the broader payor market to drive immediate value and position health plans for the changing market landscape, the companies say.
The solution is intended to foster payor/provider alignment and promote engagement with two-way communication through a provider portal and interactive dashboards. McKesson says the integrated performance management platform is designed from the provider point-of-view and is highly configurable. It allows health plans to manage and improve costs, as well as physician efficiency and quality profiling and provides a single source of reporting for all stakeholders.
"MedVentive's roots are clinically based, and the organization knows first-hand how to help providers manage clinical and financial risk," said Rose Higgins, VP of care management solutions for McKesson Health Solutions. "MedVentive understands the critical need for a breakthrough analytics solution to deal with the inherent complexities of new reimbursement and care delivery models."
The Software-as-a-Service turnkey solution also connects payors and providers by creating transparency around clinically and financially relevant performance metrics, according to McKesson. Analytics Advisor features a flexible reporting structure that gives users direct access to data at the network, provider, member and claim level which they can filter and analyze to drive improved decision-making. The analytic capabilities consist of financial-based analysis including PMPM calculations, inpatient stay determinations and predictive risk modeling results plus ETG and quality-based analysis. HEDIS reporting is available as an additional module.
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