Change Healthcare Introduces Market Insights: Providing Visibility Into Trends Driving the U.S. Healthcare System
24 Februar 2020 - 3:00PM
Business Wire
Actionable information for healthcare providers
and payers now available to improve healthcare access and quality
while providing perspectives to help bend the cost curve
Today Change Healthcare (Nasdaq: CHNG) introduced Market
Insights, a comprehensive analytic dataset that provides approved
healthcare stakeholders unparalleled visibility into crucial
utilization, population health, and financial trends that drive the
U.S. healthcare system.
Public policies including HIPAA, 21st Century Cures, and TEFCA
prioritize the coordination of data to improve patient care.
Despite this, the U.S. ranks 43rd in life expectancy; spends more
on healthcare than any other country (now 18% of GDP); and wastes
approximately 25% of total healthcare spending. Market Insights
provides aggregated, summarized, and de-identified data, enabling
fact-based analysis and decision-making that helps optimize care
nationally and for local communities.
Drawn from the Change Healthcare Intelligent Healthcare
Platform, Market Insights gives payers, providers, and those
serving the healthcare industry a comprehensive and granular view
into the U.S. healthcare system, spanning all major types of care
and delivery models. It enables deep comparative analysis to “best
in class” in local markets and how “best” evolves over time.
The state of healthcare varies greatly by location, specialty,
and demographics. Market Insights is designed to help healthcare
constituents ensure care is optimized based on unique community
needs; to aid in the benchmarking of and improving efficiency of
care delivery; and to effectively predict and address care gaps
based on local population health and utilization trends.
The dataset aggregates the past 12 consecutive months of
billable healthcare activity, is searchable by zip code and other
filters, and is refreshed quarterly. It includes:
- Utilization Insights: Summarized care utilization
trends, filterable by institutional and professional designations,
age band, and gender
- Population Insights: Summarized disease prevalence,
filtered by age band and gender
- Financial Insights: Summarized billing ranges,
filterable by institutional and professional designations
“The United States spends $3.5 trillion on healthcare—more than
any nation—yet our life expectancy is the lowest among developed
nations,” said Tim Suther, senior vice president, Data Solutions at
Change Healthcare. “We can help change that. Our unique position at
the center of the healthcare ecosystem enables a view that provides
a robust, fact basis to optimize care at the local level. Together
with our customers and partners, we can unlock the transformative
power of data analytics to accelerate improvements to our
healthcare system.”
While many healthcare industry stakeholders track their own
performance, cost, and market share data, it is the collective
data––presenting a snapshot of regional and national trends––that
will drive the development of impactful solutions.
“With more than $900 billion of annual U.S. healthcare spend
attributed to inefficiency, customers will increasingly need data
products to help reduce inefficiency and optimize their care
delivery operations,” said Stephen Orban, general manager, AWS Data
Exchange, Amazon Web Services, Inc. “We’re collaborating with
Change Healthcare to make Market Insights available to AWS
customers worldwide on the AWS Data Exchange. This combination
makes it easy for payers, providers, and other stakeholders to
improve healthcare delivery by giving them one place to securely
find, subscribe to, and analyze a rich set of de-identified
healthcare data in the cloud. Our customers want a frictionless,
consistent way to acquire data to support their analytics and
machine learning models, and Change Healthcare and AWS Data
Exchange are making that a reality for them.”
To access the first Market Insights snapshot report and to
obtain subscription information, visit the Market Insights resource
page.
For more information on Change Healthcare, please visit our
website, hear from our experts at Viewpoints; Follow us on Twitter;
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YouTube.
About Change Healthcare
Change Healthcare (Nasdaq: CHNG) is a leading independent
healthcare technology company that provides data and
analytics-driven solutions to improve clinical, financial and
patient engagement outcomes in the U.S. healthcare system. We are a
key catalyst of a value-based healthcare system, accelerating the
journey toward improved lives and healthier communities. Learn more
at changehealthcare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200224005244/en/
Media Kerry Kelly Vice President
External Communications Change Healthcare 339-236-2756
kerry.kelly@changehealthcare.com
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