Verisk Health signs six new contracts for use of its healthcare data analytic software

Aug 26 2009

Verisk Health, Inc., a global leader in healthcare data analytics, announced today signings in June and July of six new contracts for use of the Company’s healthcare analytics, clinical resource management, risk assessment, and predictive modeling software. Details of the contracts were not disclosed. Among them, however, a new contract with Mount Auburn Cambridge Independent Practice Association (MACIPA) marks a significant entry into the IPA market for the Company. Verisk Health was chosen to manage the IPA’s clinical, quality of care, and financial objectives.

“MACIPA chose Verisk Health’s DxCG RiskSmart Stand Alone and D2Explorer solutions because of the increased data insight and broad range of capabilities that those products provide,” said Barbara Spivak, M.D., Medical Director of MACIPA. “As a physician-led company, Verisk Health clearly understands clinical risk at the physician-level better than other companies in healthcare risk management.”

MACIPA’s membership is composed of approximately 500 physicians on staff at Mount Auburn Hospital and the Cambridge Health Alliance. The organization is focused on enabling physicians to deliver high-quality patient care in a demanding managed care environment.

“The integration of Verisk Health’s DxCG RiskSmart and D2Explorer makes us well-suited to serve IPAs,” said Chris Kryder, M.D., CEO of Verisk Health. “As the healthcare industry continues to refocus on quality of care and clinical efficiencies at the physician level, we are seeing significant shifts in risk-bearing entities. As such, we are excited to offer our unique range of tools to IPAs, which represent a reemerging market segment.”

MACIPA is one of six new contracts signed by Verisk Health —– all with leading companies in the areas of healthcare analytics, risk and health management, medical research, and third-party administrators. Verisk Health uses the most advanced analytics and credible predictive models in the healthcare industry to transform data into intelligent and actionable business decisions. The Verisk Health solution suite includes:

• D2Explorer — analytics solution that estimates disease burden and identifies key interventions that yield better health outcomes and potential savings from care management initiatives
• Verisk Health Intelligence Platform (VHIP) — a highly scalable enterprise business intelligence solution delivered in an application service provider (ASP) model that is well suited for the challenges facing today’s healthcare market at the enterprise level
• DxCG RiskSmart Stand Alone — industry-leading science-based solution for clinical risk management, risk assessment, predictive modeling, and auditing
• TierMed Solution Suite — the most innovative and cost-effective Healthcare Effectiveness Data and Information Set (HEDIS) reporting solution set available
• Consulting services – clinical, analytics, and technology consulting services from Verisk Health’s staff of health economists, predictive modeling researchers, healthcare IT experts, engineers, and clinicians

http://www.veriskhealth.com