词条 | Innovaccer |
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| name = Innovaccer, Inc. | logo = | type = Private | industry = Healthcare | foundation = {{start date and age|2014}} | founders = Abhinav Shashank, Kanav Hasija, Sandeep Gupta | location_city = San Francisco, California, U.S. | products = InCare (Care management product), InGraph (Population health management), InNote (Physician engagement product), | num_employees = 500+ | homepage = Innovaccer.com }} [https://innovaccer.com/ Innovaccer Inc.] is a leading healthcare data activation company making a powerful and enduring difference in the way care is delivered. Innovaccer's aim is to make full use of all the data our industry has worked so hard to collect by righting the wrongs, doing away with long-standing problems and replacing them with ideal solutions. The company was founded by young entrepreneurs Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, aimed at providing healthcare organizations such as accountable care organizations (ACOs), physician practices, hospitals, health systems, [https://en.wikipedia.org/wiki/Integrated_delivery_system integrated delivery networks (IDNs)], and other leading organizations with smart and efficient [https://en.wikipedia.org/wiki/Population_health population health management] and care management solutions. Innovaccer also provides solutions for [https://en.wikipedia.org/wiki/Referral_(medicine) referral management], [https://en.wikipedia.org/wiki/Patient_participation patient engagement], [https://en.wikipedia.org/wiki/Physician_engagement physician engagement], point-of-care alerts solution, among many. Innovaccer help organizations realize strategic goals based on key insights and predictions from their data. Its products have been deployed across more than 500 locations with over 10,000 providers leveraging it at institutions, governmental organizations, and several corporate enterprises such as Mercy ACO, StratiFi Health, UniNet Healthcare Network, Catalyst Health Network, and Osler Health Network. Innovaccer is based in [https://en.wikipedia.org/wiki/San_Francisco San Francisco, California] with offices around the United States and Asia. Microsoft’s venture fund, M12, has recently invested an additional $10 Mn in Innovaccer’s ongoing Series B round, leading the total investment to $35 million capital in its series B round of funding.The investment was also led by Westbridge Capital with participation from Lightspeed Ventures. HistoryIn 2011, cofounders Abhinav Shashank and Kanav Hasija started on a data analytics project at [https://en.wikipedia.org/wiki/Wharton_School_of_the_University_of_Pennsylvania Wharton] and [https://en.wikipedia.org/wiki/Harvard_University Harvard] University that focused on bringing distributed [https://en.wikipedia.org/wiki/Data_set datasets] together and leveraging data through analytical technologies. The project was a basic research on how big data can be studied, crunched, analyzed and the insights that can be derived from the same. This was the basic idea that led to the formation of Innovaccer in 2014 by Abhinav, Kanav, and Sandeep Gupta in [https://en.wikipedia.org/wiki/Silicon_Valley Silicon Valley]. Back in 2014, when the world was only beginning to realize how [https://en.wikipedia.org/wiki/Data_analysis data analytics] could change the way we viewed the world— Abhinav Shashank, Kanav Hasija, and Sandeep Gupta decided to delve into the realm of [https://en.wikipedia.org/wiki/Big_data Big data] and fish out structured analyzed insights. Innovaccer began as a research acceleration company and pivoted to enterprise customers initially targeting finance, healthcare, and retail customers. As the founders realized that in order to create a billion-dollar organization, they will have to operate in an area that is small enough to drive focus, yet large enough to create an impact. That’s when the data analytics enterprise decided to focus solely on the healthcare market. As the trio realized that their product had a more extensive use case in healthcare, they shifted their focus solely on the data complexity problem in the [https://en.wikipedia.org/wiki/Health_care_in_the_United_States US healthcare]. Data was distributed across multiple large silos and had to be combined, crunched and analyzed, in real-time, efficiently to deliver an in-depth understanding of the looming problems impeding innovation. And that’s exactly what Innovaccer’s unified healthcare data platform enables today. Innovaccer grew rapidly with lighthouse customers in each vertical, but to solve a bigger problem with which the product aligned, they took the decision to leave 60% of their revenue on the table and to focus only on healthcare. The team chose healthcare partly because they had the most traction there but also because the sector was undergoing a transformation they could leverage. This counter-intuitive decision might have halved their [https://en.wikipedia.org/wiki/Accounting_rate_of_return Average Rate of Return (ARR)], but it also allowed them to grow almost 10x over the next year. Products and resourcesInnovaccer’s industry-leading Data Activation PlatformInnovaccer’s Data Activation Platform is built on the latest technology stack with high scalability which incumbent vendors had not been able to deliver.[8] InData integrates the data from multiple sources such as Electronic Health Records (EHRs), ADT feeds, X12 835/837 files, Additionally, the product delivers plug-and-play connectivity with pre-built connectors to 200+ healthcare data systems which enable the fastest integration of the data. Besides giving the customers full control over the data, the platform delivers state-of-the-art analytics that helps in addressing the issues previously unheard. The platform has matured since it was first developed and comprises several new additions to its existing features. Over the course of just two years, the platform has increased the number of measures to report on; earlier it had approximately sixty measures, whereas currently, the platform supports more than eight hundred measures. The platform’s recent accreditation by the National Committee for Quality Assurance (NCQA) has added another quality measure certification, and it is now The Healthcare Effectiveness Data and Information Set (HEDIS) certified. The product had already attained The Health Insurance Portability and Accountability Act (HIPAA) compliance in its initial stages. Earlier, the platform’s method of assessing risk was limited to two risk-adjustment models, namely, CMS-HCC and HHS-HCC, however, it currently supports more than eighty ways to stratify the patient population. Over the years, the platform matured enough to be able to match EMPIs across geographic locations and can distinguish easily amongst different languages. Moreover, the platform has undergone expansion to accommodate Group Practice Reporting Option or GPRO, another method for reporting on quality for group physicians. Products built on top of the data activation platformInnovaccer’s Data Activation Platform helps healthcare organizations provide better care by integrating complex data across multiple distributed sources to give insights. Along with data integration, Innovaccer offers other major solution such as care management solution, population health management solution, point-of-care alerts solution, and many more. InCare— Efficient, end-to-end care management solutionInnovaccer’s care management product, InCare, is an end-to-end solution built on Innovaccer’s healthcare data platform.[9] It encompasses a wide range of capabilities intended to improve the quality of patient care by simplifying redundant and time-consuming tasks and enhancing [https://en.wikipedia.org/wiki/Patient_participation patient engagement] through adherence monitoring of [https://en.wikipedia.org/wiki/Nursing_care_plan care plans]. It further assists care teams to manage health conditions effectively on adaptive user interfaces, and not tedious spreadsheets. It aims at streamlining the [https://en.wikipedia.org/wiki/Palliative_care care management process] for care teams and providers, enabling them to deliver patient-centric care. InCare assists the care teams in attaining better outcomes with multiple functions including— strategically assigning tasks and prioritizing patients based on their [https://en.wikipedia.org/wiki/Risk_score risk-scores], ensuring consistency by creating a single source of truth, analyzing team productivity, and many more. It provides better quality care to patients, contains costs, and effectively manages the health conditions of the patient population by deploying an analytics-driven care management system that addresses all the components of effective [https://en.wikipedia.org/wiki/Integrated_care care-coordination]. InGraph— Analytics that drive effective population health managementInGraph, Innovaccer’s [https://en.wikipedia.org/wiki/Health_care_analytics healthcare analytics] module, provides healthcare organizations with a full breadth of capabilities they need to transform their data into real-world intelligence.[10] Built on Innovaccer’s healthcare data platform, InGraph brings together [https://en.wikipedia.org/wiki/Data_integration integrated data] captured in real time to enable [https://en.wikipedia.org/wiki/Health_technology_in_the_United_States enhanced trend analysis] and reporting for healthcare organizations. InGraph offers a library of 800+ measures, where providers can pick the measures they wish to track. InGraph allows providers to view the performance of these metrics on user-specific dashboards, with over 50 customizable widgets to change the appearance of dashboards. With more than 60 different ways to stratify patient population, providers can build an unlimited number of patient and [https://en.wikipedia.org/wiki/Disease_registry disease registries], identifying the metrics that need their urgent attention. InNote— EHR-agnostic physician assistantInnovaccer’s EHR-agnostic [https://en.wikipedia.org/wiki/Physician_engagement physician engagement] solution, InNote, cuts through the noise and delivers concise clinical information to physicians and the context they need to make patient-centric decisions.[11] InNote delivers the needful contextual information and surfaces just the information physicians need- right on their [https://en.wikipedia.org/wiki/Electronic_health_record EHR screen]. InNote extracts relevant information from EHRs, data reports, and analytics platform and delivers it in an actionable format to physicians- all within their EHR experience. Leveraging comprehensive and targeted information provided through InNote, providers can plug the gaps in care for their patients and steer their network towards quality-oriented outcomes. On top of this, physicians can synchronize it with their schedules so that they don’t have to worry about any missed updates. InNote, physicians can take a look at existing or prior referrals for the patient and schedule new ones based on the specialization, payer, or even language and geography. InNote helps physicians automate the process of referrals and ensure the continuity of care for patients. Resources and solutionsAlong with the products built on top of Innovaccer’s Data Activation Platform, Innovaccer also provides a wide suite of solutions to target specific problems of healthcare organizations from end to end. Some of the solutions provided are for: Accountable Care OrganizationsInnovaccer provides end-to-end solutions for organizations who want to become a Medicare Shared Savings Program- Accountable Care Organization (MSSP-ACO) or generate more savings as one. From eligibility and guidelines to strategies and payment, Innovaccer guides ACOs through everything they need to guarantee success in a risk-based Shared Savings Program. For existing ACOs, the solution helps them to gain insights from their historical data, clinical and non-clinical data. They can look into their PMPM, utilization, and risk-scores for the population and structure their network to produce the best outcomes. They can move into the new Shared Savings Program by analyzing how well each provider delivers care. ACOs can look into their prospective savings based on their previous claims and get the top three ways of structuring Medicare lives into different tracks. For budding ACOs, the solution streamlines the processes, from completing the Notice of Intent of Apply (NOIA) to generate savings. Whether it be a legal or operational requirement or the technical requirements, the solution assists the organization to check off every single box and advocate accountable care. Medicare AdvantageInnovaccer’s data activation platform can turn data exchange turnaround time from 20 days to a matter of minutes. The platform helps Medicare Advantage plans to create a winning strategy for every dollar. An improvement from 3 to 4 stars could result in a revenue increase of more than 13%. With automated chart retrievals, zero manual interventions, cross-network data interoperability, state-of-the-art analytics to identify HCC coding and care gaps, it gets all of the healthcare data aligned simply, efficiently, and effectively. With its point-of-care alerts physician engagement solution, InNote, the platform brings a full view of the patient right to the moment of care. It delivers automated care coordination, point-of-care insights to enable targeted interventions, flexible and collaborative workflows, and it makes holistic patient profiles accessible on-the-fly. Bundled PaymentsWhen it comes to BPCI, Innovaccer supports healthcare providers across the full lifecycle of the bundle and episode performance by assisting them in closely managing and tracking patients in near real-time. The solution compiles network information from disparate sources. It rapidly links siloed data sets at the individual patient level to unmask addressable variations. The data activation platform aggregates clinical and non-clinical data along with the claims data for every patient within the record turnaround time. The platform processes both retrospective and prospective payment models to effortlessly track discrepancies in care and payment processes and assists physicians to engage at the point of care by letting them know of gaps in care and improve STAR Ratings. It helps in predicting episode costs associated with different referrals early and optimize quality and costs at each facility based on concrete insights. With its entire suite of solutions, Innovaccer’s Data Activation Platform assists the organizations to automate their care management strategies, create pathways for transitional care management, ensure timely filing and reconciliation, and improve population risk analysis and management. Innovaccer’s products and solutions can be leveraged by multiple healthcare organizations to achieve outputs such as:
Apart from its proprietary products, Innovaccer offers a multitude of free tools and resources including:
Awards and recognitionInnovaccer has been recognized many times for its dedication towards improving the population health and ensuring better care delivery. Some of those recognitions include:
References
External links
2 : Health care companies based in California|2014 establishments in California |
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