MedeAnalytics, a pioneer in healthcare analytics, today announced that Presbyterian Healthcare Services (Presbyterian), an integrated healthcare provider and payer organization in New Mexico with eight hospitals, a statewide health plan and a multi-specialty physician group, selected MedeAnalytics as its strategic partner for enterprise analytics. Tapping MedeAnalytics’ expertise with both payers and providers, Presbyterian chose the company’s platform to transform data into insights, support strategic goals and deliver advanced analytics to strengthen integrated care management.
“We exist to improve the health of the patients, members and communities we serve. As healthcare becomes more complex, having unified reporting and analytics tools becomes increasingly important to our work to care for those we serve,” said Soyal Momin, Vice President of Analytics of Presbyterian. “MedeAnalytics’ deep analytics expertise with both payer and provider organizations was critical for us as we needed a partner that could provide insights for our entire enterprise: the health plan, health system and medical group.”
While developing an enterprise data warehouse, Presbyterian sought an analytics partner that could help the organization use data more effectively to improve clinical quality, reduce operational costs and support care management. As the world’s first cloud-based healthcare enterprise analytics platform with over 1,500 provider and payer clients across the U.S. and U.K., MedeAnalytics offered solutions to Presbyterian’s many requirements. Presbyterian will start with the company’s standard solution suite with the flexibility to continually innovate and partner on the development of new solutions in the future.
“As the industry moves towards value-based care, more health systems and payers will shift to an integrated healthcare system like Presbyterian. These payer-provider organizations need a comprehensive analytics approach that can connect multiple, disparate and fragmented sources and drive value across the entire enterprise,” said Andrew Hurd, CEO of MedeAnalytics. “We are excited to embark on this strategic partnership and help Presbyterian achieve its care management, clinical cost transparency and revenue cycle goals.”
Presbyterian will begin rolling out the solutions in three phases over the course of the next year. The MedeAnalytics healthcare data model has already helped Presbyterian identify the best-practice data sources, fields, data linkages, third-party tools and business logic required to create value through analytics.
MedeAnalytics has been providing interactive analysis and action planning solutions to large health systems and payers for the past 13 years with a data platform representing more than $400 billion in net patient revenue and hundreds of millions of records containing over a trillion data elements. The company processes nearly 30,000 daily data feeds from disparate data sources for both payers and providers, empowering executives and healthcare leaders with unparalleled, real-time analytics needed to proactively plan and respond to today’s pressing issues. To learn more about MedeAnalytics’ solutions, visit www.medeanalytics.com.
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MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and payers to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to uncover business insights for over 1,500 healthcare organizations across the United States and United Kingdom. The company has also been named one of Modern Healthcare’s top 100 Best Places to Work in Healthcare for 2014 and 2015. For more information, visit www.medeanalytics.com.
About Presbyterian Healthcare Services
Presbyterian Healthcare Services exists to improve the health of patients, members and the communities we serve. Presbyterian is a locally owned, not-for-profit healthcare system of eight hospitals, a statewide health plan and a growing multi-specialty medical group. Founded in New Mexico in 1908, it is the state’s largest private employer with approximately 11,000 employees.