CHICAGO, Feb. 17, 2016 /PRNewswire-USNewswire/ -- Fast Company magazine named the Blue Cross Blue Shield Association (BCBSA) among the world's most innovative organizations in data science for Blue Cross Blue Shield AxisSM (BCBS Axis), an industry-leading data capability that is unprecedented in scope and scale.
BCBSA ranked 9th among the Top 10 Most Innovative Companies in Data Science as part of the magazine's 2016 Most Innovative Companies issue, which honors leading enterprises and rising newcomers that exemplify the best in nimble business and impactful innovation.
BCBSA announced in September the collective commitment of all 36 independent Blue Cross and Blue Shield (BCBS) companies to contribute comprehensive data on health care quality and costs to BCBS Axis. BCBS Axis data reflect more than $350 billion in annual claims along with 36 million provider records and more than 700,000 BCBS patient reviews. The breadth of the data makes BCBS Axis the health care industry's largest aggregated data resource and the only one that includes information from every ZIP code in the United States.
The data include more than 2.3 billion procedures conducted annually from more than 20,000 health care facilities and 540,000 physicians. Covering 1 in 3 Americans, the Blue Cross and Blue Shield System is uniquely positioned to provide insights and intelligence on health care quality and cost at the local, regional and national levels by drawing on data from a network that includes more than 92 percent of physicians and 96 percent of hospitals nationwide.
"BCBS Axis powers the transformation of health care by providing insights and solutions for employers, consumers and physicians to improve the quality and affordability of care," said Scott Serota, president and CEO of BCBSA. "By leveraging BCBS Axis, consumers gain access to reliable and accurate information on more doctors, hospitals and procedures. This enables consumers to locate the right doctor at the best value and make better informed, personalized health care decisions."
Most Innovative Companies is one of Fast Company's most significant and highly anticipated editorial efforts of the year. To produce the 2016 list, the magazine's editors spent a full year gathering and analyzing data on companies around the globe. For the first time, Fast Company enlisted machine intelligence to help inform the list: Quid, a San Francisco-based startup, used its software to create topographical maps of innovation across more than 40 sectors of the economy.
The Blue Cross Blue Shield Association is a national federation of 36 independent, community-based and locally-operated Blue Cross and Blue Shield companies that collectively provide health care coverage for nearly 105 million members – one-in-three Americans. For more information on the Blue Cross Blue Shield Association and its member companies, please visit bcbs.com. We encourage you to connect with us on Facebook, check out our videos on YouTube, follow us on Twitter and check out The BCBS Blog, for up-to-date information about BCBSA.
SOURCE Blue Cross Blue Shield Association