ANN ARBOR, Mich., April 13, 2015 /PRNewswire/ -- IDC Health Insights announced that it has named ArborMetrix, Inc., a leading provider of a private cloud-based healthcare analytics platform, as a Major Player in the IDC MarketScape: U.S. Healthcare Provider Clinical and Financial Analytics Standalone Platform Vendor Assessment (doc #HI255139, April 2015). The study focuses on analytics platforms that allow providers to examine clinical and financial data together and to use this data to provide actionable advice for optimizing delivery of care.
"ArborMetrix is positioned as a Major Player in this IDC MarketScape due to its strong private cloud platform, its architecture, and its approach and success in achieving ROI for clients," the study concluded.
According to Research Director Judy Hanover, IDC Health Insights, "Analytics are clearly a critical tool that will allow health systems to understand and respond to the business model change and disruption of accountable care, and many types of analytics models and tools will likely be useful to providers."
The IDC study is designed to offer providers guidance on which platforms are best suited to consider when evaluating an initial investment, replacement, or enhancement to analytics capabilities.
"ArborMetrix is excited to once again be called out as a major player in offering clinical and financial analytics that deliver value," said Brett Furst, CEO of ArborMetrix. "Being recognized by highly regarded industry experts such as the IDC Health Insights team is yet another great moment in ArborMetrix's growth and continued success in meeting the demands of an outcomes-focused market under healthcare reform."
The ArborMetrix platform is used by 41 provider organizations at 282 sites. Current customers include several collaborative quality initiatives (CQIs) in Michigan, North Carolina, Pennsylvania and New Jersey, as well as Atrius Health, a Center for Medicare and Medicaid Services Pioneer Accountable Care Organization (ACO) in Massachusetts. The company's analytics are also being used by Academic Medical Centers such as Vanderbilt University Medical Center, and also by national professional societies such as the Americas Hernia Society, the Pediatric Cardiac Critical Care Consortium and the American Association of Endocrine Surgeons.
In its analysis, the study said ArborMetrix's focus on surgical specialties offers ROI in an area of high opportunity for providers. "The real-time solution is highly rated by customers for delivering clinical insights, which drive meaningful improvements in best practices and care delivery," the study found.
Providers use the ArborMetrix platform to better define and compare performance to gain new insights into the drivers of excellent and efficient care. This helps improve patient safety, reduce costs and, most importantly, achieve better outcomes. The platform includes three solutions:
- RegistryMetrix™ – An advanced clinical registry tailored for the needs of quality improvement collaboratives or specialty provider groups. It helps organizations define clinical measures for the most important conditions and rapidly deploys comparative performance reports through a private cloud-based platform.
- EpisodeMetrix™ – An advanced, Web-based analytics tool that integrates claims data from multiple sources into a unified view of healthcare utilization, costs and quality in order to better understand drivers of post-acute costs and better manage full costs of episode care. It enables collaborative organizations and specialty societies to link all claims associated with a patient's condition or procedure, including professional fees, readmissions and post-acute care, such as those being generated by home health, rehab, and skilled nursing facilities.
- SurgicalMetrix™ – Designed for acute and specialty care, SurgicalMetrix measures all dimensions of performance, identifies top performers and highlights opportunities for improvement by measuring quality, efficiency, productivity and financial metrics. This information can benefit physician executives, practice managers, surgeons and specialists alike.
To learn more about ArborMetrix and its specialty specific, clinical performance analytics platform, visit the company April 13th through April 15th in the Clinical & Business Intelligence Knowledge Center, Booth 5484 Kiosk #17, at the Health Information Management Systems Society (HIMSS) Annual Conference & Exhibition in Chicago.
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.
ArborMetrix, Inc., located in Ann Arbor, Michigan, provides a unique, private cloud-based platform for performance measurement and clinical intelligence in acute and specialty care. Based on its industry changing econometric research, ArborMetrix solutions deliver rigorous data analysis while incorporating advanced risk and reliability adjustments. With actionable insights grounded in clinical evidence, ArborMetrix clients quickly achieve quality improvements and cost savings. For more information, visit www.arbormetrix.com, email [email protected] or call 734-661-7949.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT 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. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor name.