WEST HARTFORD, Conn., March 6, 2015 /PRNewswire/ -- SCIO Health Analytics®, a leading health analytics services company, was named a Major Player in the IDC MarketScape: U.S. Healthcare Payer Fraud, Waste and Abuse Services 2015 Vendor Assessment, in February 2015.
SCIO says the findings bolster its position in the marketplace.
"SCIO is poised to capitalize on growth in demand for payer FWA business," said SCIO's CEO, Siva Namasivayam. "In the wake of health insurance exchange initiatives, demand for analytics as a service is expected to rise and SCIO is prepared to meet that demand."
A relative newcomer to the industry, SCIO has the largest amount of healthcare revenue share from FWA since it entered the business 8 years ago.
SCIO serves multiple larger commercial payers, each with more than 500,000 covered lives and has the capacity to sustain a cost-effective level of services specialization and outsourcing infrastructure.
About SCIO Health Analytics
Based in West Hartford, Connecticut, SCIO Health Analytics is a leading health analytics services company, serving more than 50 health care organizations including 15 of the top 25 insurers that represent more than 80 million members and 4 of the top 5 PBMs. SCIO's consumer analytics provide actionable insights on consumers, helping healthcare organizations gain insight into consumer preferences and drivers affecting their behavior to streamline their experience and improve engagement. Through the use of integrated healthcare data, proprietary algorithms and technologies, SCIO focuses on predictive analytics, business services and insights in the areas of payment integrity, risk and care management, opportunity analysis and incentive design, consumer segmentation and engagement, marketing analytics, ACO and network analytics. For more visit www.sciohealthanalytics.com.
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. This release references doc #HI253636.
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SOURCE SCIO Health Analytics