Q&A: Cost optimization and analytics, a payer’s top priorities

Billy Altantulkhuur | February 13, 2024

MedInsight Healthcare Data Analytics Blog

Payers face a multitude of challenges as they navigate an increasingly complex healthcare ecosystem. From improving member engagement to maximizing technology investments, pressures continue to mount. However, one challenge stands out among the rest – the relentless rise in healthcare costs. According to a recent study conducted by EY-Parthenon and KLAS Research, cost management ranks … Q&A: Cost optimization and analytics, a payer’s top priorities

3 best practices to maximize employer group reporting value

Billy Altantulkhuur | January 25, 2024

In today’s ever-changing healthcare landscape, the ability to quantify the value that health plans deliver has become crucial. A recent study conducted by EY-Parthenon and KLAS Research highlights that more than 70 percent of payers are prioritizing cost optimization as a top strategic goal.1 As health plans face increasing pressure to manage costs and demonstrate … 3 best practices to maximize employer group reporting value

eBook: How payers can navigate the hurricane of healthcare data

Sean Parnell | January 23, 2024

With healthcare data accruing or flooding in at a rate that has been compared to a hurricane, payers who can navigate the rising tide of digital information will reap unprecedented opportunities for innovation and efficiency. Data-driven decision making, fueled by everything from electronic medical records to wearable devices that collect healthcare information directly from members, … eBook: How payers can navigate the hurricane of healthcare data

2024 Outlook: Five key analytic capabilities shaping VBC

Sean Parnell | January 22, 2024

The healthcare industry is undergoing a transformation, largely driven by value-based care (VBC), artificial intelligence (AI), and digital transformation. These trends, which gained significant momentum in 2023, will continue to shape the healthcare industry in 2024 and beyond. As organizations aim to improve efficiencies and the delivery of care, the increasing use of analytics emerges … 2024 Outlook: Five key analytic capabilities shaping VBC

A year in review: The growing role of analytics in value-based care

Billy Altantulkhuur | December 18, 2023

This past year, the industry has witnessed significant advancements in value-based care (VBC) models. As the industry continues to move away from traditional fee-for-service models, there has been a growing emphasis on population health management, the integration of technology and analytics, and the implementation of collaborative care models. These developments have been instrumental in driving … A year in review: The growing role of analytics in value-based care

Addressing pharmacy drug trends with employer group reporting

Billy Altantulkhuur | November 29, 2023

According to a new study by the Business Group on Health, over 90% of employers reported concern over high-cost drugs and increasing pharmacy costs. This figure is not surprising when you consider that the average list price increase was nearly $150 per drug in January 2022 and rose to $250 by July 2022. During the … Addressing pharmacy drug trends with employer group reporting

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