NEW YORK, Feb. 8, 2017 /PRNewswire/ -- Life sciences companies stand to be the primary beneficiary of a unique license agreement that integrates the industry's most robust quality performance data available into a single tool. Precision for Value (PFV) has entered into an arrangement with the National Committee for Quality Assurance (NCQA) to incorporate the Healthcare Effectiveness Data and Information Set (HEDIS®) data into the PFV Quality Navigator Tool (Qnav®).
"NCQA is pleased to enter into this first-of-its-kind partnership with PFV. Life sciences companies have an important role to play in improving quality," says Rick Moore, NCQA Chief Information Officer. "We support innovation that can translate into opportunities for quality improvement from all ends of the health care continuum. Contributing our data and insights to this collaboration aligns with our mission."
"Life science customers typically focus on a narrow set of therapeutic areas, yet the quality performance data available is quite vast, complex, and not organized for the unique needs of our clients," says PFV President Dan Renick. He adds, "Qnav® provides clarity and identifies opportunities for improvement within the quality environment by collectively analyzing and reporting the performance of health plans, accountable care organizations (ACOs), and hospitals. Now with the addition of HEDIS® data to Medicare Star Ratings and other quality measure data sets contained in Qnav®, our clients can more fully demonstrate an understanding of their customers' quality challenges, with an eye toward developing meaningful, collaborative, value-added solutions."
PFV counts among its clients 18 of the 20 largest global life sciences companies, several of whom have begun utilizing Qnav® to advance various strategic initiatives with their payer and provider customers. PFV's Quality and Population Health Solutions team, an internal consulting group of former payers and providers, combine their real-world insights with Qnav® analyses to support clients' strategic quality initiatives.
About Precision for Value
Precision for Value supports commercial excellence for global pharmaceutical and life sciences clients through the demonstration and communication of product value and outcomes. The PFV teams provide clients with services grounded in decades of industry knowledge, demonstrated analytics proficiency, and marketing and communications prowess—making PFV the preferred strategic partner in the industry. Visit www.precisionforvalue.com for more information.
About the NCQA
NCQA is a private, nonprofit organization dedicated to improving health care quality. NCQA accredits and certifies a wide range of health care organizations. It also recognizes clinicians and practices in key areas of performance. NCQA's Healthcare Effectiveness Data and Information Set (HEDIS®) is the most widely used performance measurement tool in health care. NCQA's Web site (ncqa.org) contains information to help consumers, employers and others make more informed health care choices.
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SOURCE Precision for Value