SCIO Health Analytics Ranked as Major Player in IDC Health Insights' 2015 Payer Analytics Marketscape Report
SCIO is one of eight companies evaluated for payer data analytics offerings
WEST HARTFORD, Conn., May 19, 2015 /PRNewswire/ -- SCIO Health Analytics, a leading health analytics services company, has been ranked as a "major player" in providing payer data analytics services, according to a recently released report by IDC Health Insights, "IDC Marketscape: U.S. Payer Data Analytics 2015 Vendor Assessment."
The report describes SCIO's payer analytics solutions and tools as "very flexible," and also references SCIO's customer satisfaction with support levels.
"SCIO continues to be an aggressive market player in providing analytics solutions and tools that enable our customers to securely and accurately analyze and develop insights using operational, financial and clinical data so that in turn, they can offer their members the best available options, particularly in the areas of payment efficiency, quality and disease management," said SCIO Health Analytics CEO Siva Namasivayam. "As the health insurance industry continues to evolve and with the rapid acceptance of value-based payments, it is critical that SCIO keep pace with our clients' and markets needs in the payment and delivery of care and wellness services."
The report provides various examples where SCIO provides "a unique approach to measuring customer engagement*," including a pilot with a state Medicaid program that combines incentives and outreach efforts to further define the member population and explore ways to make effective behavior change.
SCIO also is currently working with a customer to develop a mobile application that will push health plan data into a member-facing app, including information on benefits, primary care contact information, specific member diagnoses, drug allergies and emergency contacts.
Among the inclusion criteria for the IDC Marketscape Payer Analytics Marketscape was vendors that offered standalone analytics solutions that are not a bundled component of another solution area (such as care and disease management solutions or a core claims system) and/or solutions that are only sold to existing clients of other related products, as well as vendors whose product(s) are developed and supported as a specific payer solution.
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.
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 and 3 of Top 10 Life Sciences organizations 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 information, visit www.sciohealthanalytics.com.
Media contact:
Kathy-Ann Gobin
KNB Communications
203-504-8230, ext. 134
[email protected]
*Information sourced from IDC MarketScape: U.S. Payer Data Analytics 2015 Vendor Assessment, Doc #HI255269, April 2015
SOURCE SCIO Health Analytics
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