The U.S. health cloud company was cited by Gartner as a sample vendor for its Population Health Management Solutions that align with payers’ business goals and investment rationales
SAN FRANCISCO--(BUSINESS WIRE)--Innovaccer Inc., the Health Cloud company, today announced that it was cited by Gartner in its report “Hype Cycle for U.S. Healthcare Payers, 2022” as a sample vendor for the population health management solutions (PHM) category. The category has been identified as “sets of IT capabilities and related services that enable healthcare organizations to achieve health, cost, and experience goals for a discrete population of individuals.”
“Payers face relentless pressure for membership growth, increased emphasis on the role of experience in competitive differentiation (and significant weighting in Medicare Advantage Star Ratings), demands for administrative efficiency, and organizational adaptability,” write Gartner analysts Mandi Bishop and Connie Salgy in the report. “Provider-sponsored and provider-aligned health plans are making a comeback and emphasizing value-based care as the sustainable path forward.”
The Hype Cycle provides critical input for strategic planning by tracking the maturity level and adoption rate of payer technologies and deployment approaches. According to the report, "By selecting the right technologies, timing and approaches, the [payer] organization can better meet the health value needs of members and purchasers alike, while increasing profitability and reinvestment.”
PHM as a technology category has been mentioned in the “slope of enlightenment” phase in the Hype Cycle with a “High” Benefit Rating which indicates this technology enables new ways of performing horizontal or vertical processes that will result in significantly increased revenue or cost savings for an enterprise.
Innovaccer’s PHM solutions, built on the Innovaccer® Health Cloud, help payers undertake their journey towards these revenue and cost objectives by accelerating their digital transformation to improve member experiences and outcomes. The solutions help payers integrate disparate data sources into a unified member record, which provides a single source of truth from which they can generate analytic insights about patients in their networks; drive connectivity with providers and members; and enable digital collaboration between payers, providers, and members. In total, this enables payers to optimize operations and reduce the cost of care while enhancing member outcomes and provider experiences.
“We’re thrilled to be identified as a sample vendor in the Gartner Hype Cycle report for U.S. healthcare payers,” said Abhinav Shashank, cofounder and CEO of Innovaccer. “Gartner’s recognition is a testament to our platform’s ability to help payers accelerate digital innovation at scale. This comes at a crucial time for payers as they are rethinking their existing business models to deliver the exceptional experiences today’s members expect with the care management and care coordination capabilities they need to improve and bend the healthcare cost curve while improving outcomes at both the personal and population levels. We thank Gartner for their thoughtful analysis and look forward to working with payers to help them achieve their digital transformation goals.”
To learn more about Innovaccer’s payer solution, get a demo or speak to our payer experts, by contacting us here. Explore our infographic, “Five Data Challenges Health Plans Face and How to Fix Them,” at your convenience.
*Gartner, “Hype Cycle for U.S. Healthcare Payers, 2022”, Mandi Bishop, Connie Salgy, July 15, 2022.
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Innovaccer Inc., the Health Cloud company, is dedicated to accelerating innovation in healthcare. The Innovaccer® Health Cloud unifies patient data across systems and care settings, and empowers healthcare organizations to develop scalable, modern applications that improve clinical, financial, and operational outcomes. Innovaccer’s solutions have been deployed across more than 1,600 care settings in the U.S., enabling more than 96,000 providers to transform care delivery and work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 39 million people and generate over $1B in cumulative cost savings. Innovaccer is the #1 rated Data and Analytics Platform by KLAS, and the #1 rated population health technology platform by Black Book. For more information, please visit innovaccer.com.