Explorys, the leader in big data-driven healthcare transformation, today announced that the North Shore-LIJ Health System (North Shore-LIJ), one of the nation’s largest health systems, has selected Explorys to support its research and pay-for-performance programs, improve care quality, and reduce unnecessary costs across its enterprise. North Shore-LIJ will also take advantage of Explorys’ market leading risk models to accurately stratify patient and member populations for optimal allocation and direction of care management resources.
North Shore-LIJ’s health insurance plan, CareConnect, which is currently live on the New York State Health insurance exchange, will leverage the Explorys Platform to stratify patient populations and identify at-risk members for interventions that will ultimately improve quality and reduce the total cost of care. North Shore-LIJ will also use the platform to conduct more accurate and comprehensive pay-for- performance reporting and improve associated revenue streams.
“In looking for a big data analytics partner, Explorys stood out to us based on its scalable enterprise cloud architecture, which will allow us to get up and running quickly, so that we can start to analyze our data to support pressing research and quality-based initiatives,” said John Bosco, CIO, North Shore-LIJ. “Explorys’ ability to help us accurately stratify our patient population, including both our CareConnect members and the patients we serve at our 16 hospitals and more than 400 outpatient physician practices throughout the metropolitan area, will enable us to devise actionable care plans to ultimately provide our entire patient population with quality, coordinated care.”
North Shore-LIJ will leverage Explorys’ Hadoop-based big data and analytics platform to access and analyze clinical data to enable its renowned research organization, The Feinstein Institute for Medical Research, to compete for funding and more effectively recruit relevant participants for its studies. With this capability, the organization expects to significantly increase enrollment in research studies across a multitude of research areas.
“The shift from a fee-for-service to a value-based model of care and the convergence of payers and providers is accelerating rapidly. North Shore-LIJ is actively positioning itself to succeed in this new model of healthcare, which we firmly believe will result in improved care and reduced costs for everyone,” said Stephen McHale, CEO, Explorys. “We are excited to provide North Shore-LIJ with tools to obtain a better understanding of its entire patient population across the continuum of care, and support critical, innovative research initiatives.”
Inspired by physicians and informatics leaders, Explorys combines the most powerful healthcare-computing platform in the world with turnkey solutions for clinical integration, at-risk population management, cost of care measurement, and pay-for-performance solutions. Explorys’ cloud-based platform is currently serving 22 integrated healthcare systems, 340 hospitals, and over 300,000 providers to identify patterns in diseases, improve treatments, and outcomes.
About North Shore-LIJ
One of the nation’s largest health systems, North Shore-LIJ delivers world-class clinical care throughout the New York metropolitan area, pioneering research at The Feinstein Institute for Medical Research, a visionary approach to medical education highlighted by the Hofstra North Shore-LIJ School of Medicine, and healthcare coverage to individuals, families and businesses through the North Shore-LIJ CareConnect Insurance Co. Inc. North Shore-LIJ cares for people at every stage of life at 17 hospitals and more than 400 outpatient physician practices throughout the region. North Shore-LIJ’s owned hospitals and long-term care facilities house more than 6,000 beds, employ more than 10,000 nurses and have affiliations with over 9,400 physicians. With a workforce of about 48,000, North Shore-LIJ is the largest private employer in New York State. For more information, visit http://www.northshorelij.com.
Founded in 2009 as an innovation spinoff from Cleveland Clinic, Explorys provides the healthcare industry a secure, cloud-based analytics platform that leverages big data for clinical integration, predictive analytics, and business intelligence. Its platform enables the country’s leading provider organizations to more effectively leverage their data to improve care quality, patient satisfaction, and deliver value-based care. The Explorys solution supports Population Health Management and Accountable Care models while applying the power of massively-parallel data processing to save lives and make healthcare affordable. Since its inception, the Explorys platform has been adopted by 22 major integrated healthcare systems with 275 billion data elements, 48 million unique cared-for-lives, 340 hospitals, and 300,000 providers who collectively deliver $63B in care annually. For more information, visit http://www.explorys.com.