ATLANTA, April 23, 2014 /PRNewswire/ -- Wellcentive, the industry forerunner in end-to-end population health management (PHM) and transformative data analytics for healthcare organizations, was named a Leader in IDC Health Insights' new report, "IDC MarketScape: U.S. Population Health Management 2014 Vendor Assessment."* The report's positioning of Wellcentive marks the third time in nine months the company has earned leadership recognition in independent analyst reports examining vendors in the PHM market space, following KLAS Enterprises and Chilmark Research.
"It's gratifying to have the breadth and quality of our comprehensive population health management solution validated by another top analyst organization," said Tom Zajac, Wellcentive's CEO. "We couldn't be more pleased with our placement in the IDC MarketScape Report; these results reinforce Wellcentive's position as a market-leading solution in one of the most critical areas of focus in today's healthcare industry."
The inaugural KLAS report published in November 2013, "Population Health Management 2013: Scouting the PHM Roster," ranked Wellcentive as an "Early Leader" among PHM solution providers. Chilmark's first-of-its-kind "2013 Clinical Analytics for Population Health Market Trends Report," which described Wellcentive as a "turn-key PHM solution," was published August 2013.
The IDC MarketScape Report utilizes a number of key measurement criteria, including: "Functionality that includes analytics to identify and stratify patients and present performance measurement data to providers as well as workflow to develop interventions at the patient and campaign level and tools to engage patients in their care plans and progress toward goals."
It also validates Wellcentive and Trizetto Corporation's recently announced partnership to offer solutions that enable payers and providers to more effectively collaborate through accountable care initiatives to drive improved clinical and financial outcomes. As noted in the report's Essential Guidance section, "Population health management combines payer and provider domain expertise; make sure your vendor has both capabilities."
"Our Wellcentive technology and services solution works because it extends far beyond just capturing big data," Zajac added. "To be successful, population health management must entail data-driven, evidence-based action—integrated into workflow and combined with analytics tools. Clinicians and payers alike have a more complete, insightful patient record to make knowledge-based care decisions while simultaneously aligning business objectives with quality performance initiatives."
Other Wellcentive strengths highlighted are:
- "Wellcentive appears to have one of the shortest implementation time frames in this market. To have as many clients through a channel partner and be able to scale down the product and its price, Wellcentive has a flexible pricing model."
- "Extensive investments have been made to build a strong services offering that includes implementation and training, consulting to assist clients implement and or refine their patient-centered medical home as well as help design quality programs and, finally, operations services including program monitoring and interface management."
- "In addition, Wellcentive has developed a strong road map for the next 18 to 24 months that includes a unified quality program, services to support transformation to new value-based programs, and a connected community where its clients can share content and processes as well as share experiences."
The IDC MarketScape Report is designed to help healthcare executives define the emerging and often confusing population health management market.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Built from the ground up to help customers improve clinical, financial and human outcomes, Wellcentive's population health management solution is cloud-based, scalable, and customized to meet the needs of providers, health organizations, and payers. Recognized in 2013 by both KLAS and Chilmark, Wellcentive provides the technology, insight and services that care teams need in order to measure and report performance, and the education that leadership needs to find the most-profitable path from volume to value. Wellcentive aggregates data from more than 2,500 interfaces, and its solutions improve outcomes for over 23 million lives. Visit Wellcentive at www.wellcentive.com or call 877-295-0886 to learn more.
* IDC MarketScape: U.S. Population Health Management 2014 Vendor Assessment, Doc # HI247880, April 2014