From the Wires
Humedica Awarded Prestigious Frost & Sullivan 2012 Health Data Analytics Customer Value Enhancement Award
By: Business Wire
Nov. 27, 2012 09:51 AM
Humedica has been awarded the 2012 North American Health Data Analytics Customer Value Enhancement Award from global research company Frost & Sullivan. The prestigious award was given in recognition of Humedica’s innovative approach to clinical data analytics and the value it brings to its health care provider customers.
In a recent analysis of the growing health data analytics market, Frost & Sullivan identified the growing need for health care providers to better understand the impact of their treatment decisions, an important part of justifying the utilization of medical services to payers and other stakeholders. The research firm pointed out that clinical data analytics will be the anchor of all health data analytics programs in the future and will be a core capability for organizations thinking about becoming an Accountable Care Organization (ACO).
Humedica’s solutions are ideally suited to help health care service providers meet the challenges associated with transformational change. “Humedica’s key differentiation in the marketplace is based upon its ability to produce longitudinal and predictive analytics,” says Frost & Sullivan Research Analyst Nancy Fabozzi. “Humedica MinedShare® utilizes historical claims and clinical data to develop competitive benchmarking analytics, as well as predictive models helping to identify high-risk patients and provide information needed for clinician intervention.”
Michael Weintraub, Humedica’s president and CEO, says, “We are excited to receive this respected award and are proud to be recognized for our innovation. The U.S. health care system is undergoing a tremendous transformation. Harnessing the analytic power driven by Big Data into actionable, insightful information is critically important for health care providers. We have invested significant effort in understanding what our clients need to succeed in today’s volatile market, and to receive this market and customer recognition is very gratifying.”
“Humedica’s success in the market is due to the uniqueness of its products and in growing adoption among large provider organizations, particularly integrated delivery networks, which often have the greatest need to coordinate care,” noted Fabozzi.
“In terms of growth, the number of treated patient lives, i.e., patients who have sought care from providers using Humedica products, has more than doubled in the past year and now totals approximately 25 million.”
Humedica MinedShare customer Stephen Morgan, vice president of Medical Informatics, Carilion Clinic, agrees, “Timely access to accurate longitudinal data is critical to delivering highly coordinated patient care and becoming a high-performing health care organization. With Humedica MinedShare, we gain deeper insight into our delivered care and improve both care and business outcomes.”
Humedica is the foremost clinical intelligence company that provides private cloud-based business solutions to the health care industry. Humedica’s sophisticated analytics platform transforms disparate clinical data into actionable, real-world insights. Powered by the largest and most comprehensive clinical database, Humedica solutions move beyond claims data to offer a more complete, longitudinal view of the patient population. Through its award-winning solutions, Humedica, which is headquartered in Boston, empowers its partners and customers to make confident, value-based decisions about patient care in a rapidly changing health care market. For more information, visit www.humedica.com. Connect with Humedica on Twitter @humedicainc and Facebook at www.facebook.com/HumedicaInc.
ABOUT FROST & SULLIVAN
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? For more information, visit www.frost.com.
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