CHICAGO, Ill., November 16 – Gray Matter Analytics, a leading healthcare analytics solutions company, today announced the launch of the CoreTechs® Analytics as a Service solution for providers, delivering a solutions portfolio that provides 360° patient insights, and enterprise cost and revenue insights. Gray Matter Analytics’ CoreTechs® platform replaces many of the point solutions for managing Star Ratings, benchmarking, physician attribution, monitoring reimbursements from payers, and tracking operational workflows, using the “MeasureLibrary” that is a core component of CoreTechs®. The launch coincides with multiple healthcare systems commencing pilots – managing payer value-based contracts using predictive analytics to predict reimbursements from payers and to identify the root cause of clinical and operational processes that are impacting their reimbursements metrics.
“Powered by the leading-edge MeasureLibrary, CoreTechs® provides the ability for health providers and payers to implement predictive and descriptive analytics solutions in months versus years and a fraction of the multiple million dollar required investment,” said Sheila Talton, President and CEO of Gray Matter Analytics. “CoreTechs® allows providers to adopt a proactive approach to predicting and managing reimbursements – leveraging data and analytics. CoreTechs® is designed to provide financial, operational and clinical analytics to contain costs and maximize quality.”
Key areas of focus include:
- Hospital value-based purchasing
- Population health management
- Readmission management
- Prescription adherence
- Health risk assessment
- Risk stratification
- Patient segmentation and care management
- Financial, operational and clinical analytics
CoreTechs® is a subscription-based Analytics as a Service, and leverages advanced machine learning that continuously improves the quality of data. CoreTechs® is a native cloud solution that has flexible frameworks, designed to quickly scale with changes in healthcare regulation, value-based care contracts and integration of data from mergers or alliances with other health systems.
Cost-effective, pre-built components accelerate data-insight time-to-value. Benefits from advanced analytics are seen in months, not years. CoreTechs® is designed to allow providers to gather data from multiple source systems including clean, dirty, structured, and unstructured data – combine data in new ways and accelerate data-driven innovation with on-demand analytics, dashboards, and insights.
Announcements on the current pilots are expected in 2018 as each reaches their respective milestone.
About Gray Matter Analytics
Powered by leading-edge cloud-native technology, Gray Matter Analytics provides evidence-based breakthrough insights that ensure healthcare organizations are improving the quality of care cost effectively. We’ve simplified the analytics evolution for healthcare organizations, enabling them to manage business risk as a routine strategy to contain costs, increase revenues and maximize quality. Our CoreTechs® solution helps transform providers and payers into insights-driven enterprises to help them succeed in a value-based care environment. For more information, visit graymatteranalytics.com.