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Healthcare Analytics for Payers: How to Thrive Through Shifting Financial Risk

May 9, 2019

Posted In: Data and Analytics, Payer

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:1. Recruiting and retaining high-quality providers in a competitive market.2. Managing increasing numbers of high-risk/high-cost members with limited resources.3. Efficiently reacting to federal and state legislative and payment changes.4. Controlling the rising costs of healthcare services and pharmaceuticals.

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