HARTFORD, Conn.--()--SCIOinspire Corp, which has served the healthcare marketplace since 2008, today unveiled a new name that reflects its current core focus and corporate identity. As SCIO Health Analytics, the company will continue to leverage its deep analytics and predictive modeling expertise to help clients convert data into actionable knowledge for better payment accuracy, clinical outcomes, operational performance and business results.
“Over the past few years, healthcare has come to recognize the latent power buried in the healthcare data residing in disparate systems”
SCIO Health Analytics has rapidly expanded delivery of data-driven analytics products and services to a marketplace eager for actionable business insights and outcomes. Expanding its offerings to become a complete solutions partner, SCIO Health Analytics has developed a suite of core analytics capabilities around the major categories that impact healthcare cost:
- Care and risk management of population
- Payment integrity covering fraud, abuse and waste
- Consumer and employer solutions including value-based benefit design, consumer acquisition and segmentation for exchanges, integrated employer health management, and
- Network and provider quality, efficiency and contracting analytics including ACO analytics solutions.
“Over the past few years, healthcare has come to recognize the latent power buried in the healthcare data residing in disparate systems,” says CEO Siva Namasivayam. “The true value of this data, however, can be realized only when it is integrated, analyzed using deep healthcare domain expertise, reimbursement knowledge, advanced statistical techniques and made actionable. SCIO Health Analytics’ vast expertise in healthcare combined with clinical, claims and predictive modeling methods and ability to deliver flexible solutions, help clients improve processes and performance across their enterprise.”
Driven by the lack of analytics talent along with the need for the expertise to accelerate the time to market, SCIO Health Analytics serves as an extension of clients’ healthcare analytics, informatics and functional teams, and supports both short- and long-term initiatives for health plans, employers, care management firms, pharmacy benefits managers, pharmaceutical and biosciences companies, and Medicare and Medicaid plans.
“The healthcare industry is being asked to respond to new demands and requirements such as member engagement, payment integrity, exchanges and ACOs on a daily basis,” notes Krishna Kottapalli, SCIO Health Analytic’s chief sales and marketing officer. “SCIO augments our clients’ overtaxed resources, enabling them to leverage the value of their data quickly and affordably. We deliver immediate access to technology and expertise, resulting in faster time to market.”
Since 2008, SCIO’s commitment to data-driven outcomes has produced $175 million in annual savings for clients. It likewise has driven 10-15 percent in actual medical and administrative cost savings—in addition to delivering measurable improvements in payment integrity, third-party liability, cost of care, customer acquisition/retention and new product design (such as value based benefit design).
“This is an exciting time for SCIO,” notes Namasivayam. “We are confident that our focus will accelerate growth and success—not only for us, but for our clients as well.”
About SCIO Health Analytics
Based in Farmington, 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. Through the use of integrated healthcare data and proprietary algorithms and technologies, SCIO Health Analytics focuses on providing actionable and predictive analytics, business services and insights in the areas of payment integrity, risk and care management, value-based benefit design, consumer engagement, consumer segmentation, ACO analytics, and network analytics to improve healthcare services and results. For more information about SCIO Health Analytics, please visit www.sciohealthanalytics.com.