Accelerating innovation in healthcare
Abhinav Shashank, cofounder and CEO of Innovaccer, believes strongly that fragmented data is the source of the challenges in meeting goals in population health management, care coordination, price transparency mandates, and value-based reimbursement. To succeed, all these initiatives require the ability to integrate data across clinical, financial, and operational data sets to create a unified patient record, which becomes the single source of truth. Although EHRs have been an essential first step in the digital transformation of healthcare, they have mostly become billing systems for processing claims with data in silos. They lack the capability of integrating data from multiple sources. The Innovaccer Health Cloud’s DAP helps to solve the data readiness crisis in healthcare by connecting, ingesting, normalizing, and activating data from all sources, including EHRs, claims, and Social Determinants of Health (SDoH). The holy grail for achieving interoperability and improving care coordination is access to complete, high-quality data to create a single, integrated patient record. But getting there requires working within existing systems and implementing an innovative cloud-based data platform that can cross the data gap between systems. The Innovaccer Health Cloud unifies patient data across systems and care settings, and empowers healthcare organizations to develop scalable applications that improve clinical, financial, and operational outcomes. It integrates data from disparate sources without having to write a single line of code. The platform is built on a scalable architecture to enable users to run multiple analytics on their patient population on multiple measures.
With its mission to “care as one,” driven by Abhinav’s vision, Innovaccer is at the forefront of accelerating innovation and digital transformation of healthcare. The Innovaccer Health Cloud is the first cloud-native, full-stack platform built with proprietary tools and technology to achieve the full promise of whole-person care for every patient, family, and population. This is supported by a customer-first approach that is at the heart of our achievements as a company, driving exceptionally high customer success and satisfaction. The proprietary Innovaccer Health Cloud unifies patient data across systems and care settings, and empowers healthcare organizations to develop scalable applications that improve clinical, financial, and operational outcomes. It cleans, standardizes, and integrates healthcare data from multiple sources, including clinical, financial, claims, labs, pharma, SDoH, and others, on a unified data model for a whole-person view. Its agile and modular structure ingests structured, semi-structured, as well as unstructured data and consolidates it on a unified data platform working from a central HL7 FHIR-based data schema. After the data is ingested, the platform identifies any anomalies in mapping or sources. The platform integrates data from over 80 EHRs and can receive and deliver data in 150+ formats, ensuring its integrity with quality checks on 62+ coding standards. The industry’s most flexible and scalable data platform delivers fast and reliable integration of data with built-in connectors and visually-enabled ETL processes. It captures comprehensive data from various applications and goes deep into healthcare coding standards to ensure downstream measurements and care actions are reliable.
Innovaccer has collaborated on several industry surveys and reports on value-based care, SDoH, and digital transformation. A recent report produced with Morning Consult, Healthcare’s Data Readiness Crisis, surveyed a national panel of 75 healthcare executives on their digital transformation goals. 97% of executives responded that their key challenge is managing fragmented data. In another recent study published by Fierce Health on the patient consumer engagement hub, 76% of healthcare organizations confirmed they are struggling to implement seamless engagement with consumers throughout their healthcare journey. A series of use case customer case studies highlight the ROI and value achieved with Innovaccer’s DAP and solutions: 1.Elevate Health streamlined care coordination across practice sites with the ability to measure outcomes and integrated data from disparate sources to close gaps for patient records. Results included a savings of $6 million in care costs, increased referral success rates by 13%, and improved access to actionable insights on network performance. 2.Banner Health, one of the largest payviders, transformed health outcomes with the Innovaccer Health Cloud resulting in $4M in savings from rationalizing population health solutions, and a 70% reduction in IT infrastructure cost. 3.PSW lowered their ED utilization by 8% with the Health Cloud. 4.Lee Health, one of the Southeast's largest not-for-profit public health systems, consolidated its technology to improve care outcomes and achieve $300,000 in savings.