To stay in sync with healthcare’s transition to value-based care, payers today must develop the analytics capability to support alternative payment models and drive more value to their members. Payers can follow an analytics roadmap to develop a strategy that extends their data, analytics, and risk management expertise to meet growing demands.
The analytics roadmap helps the payer meet these common challenges of establishing a data-driven culture:
- Recruiting and retaining high-quality providers in a competitive market.
- Managing increasing numbers of high-risk/high-cost members with limited resources.
- Efficiently reacting to federal and state legislative and payment changes.
- Controlling the rising costs of healthcare services and pharmaceuticals.