Datavant has made significant strides in enhancing data retrieval capabilities within the healthcare sector, introducing the Clinical Insights Platform to improve operations, efficiency, and patient care for health plans and risk-bearing providers engaged in value-based care (VBC) agreements. These stakeholders face numerous challenges such as managing patient data, monitoring population health, and reducing operational costs along with administrative strains. The new platform, a result of Datavant’s acquisition of Apixio’s technology in 2024, promises to alleviate these burdens by making patient and member data more accessible and actionable.
A Central Exchange for Health Data
Comprehensive Data Repository
The Clinical Insights Platform has been designed to act as a central exchange for patient records, leveraging Datavant’s extensive repository of 50 million patient records sourced from 70,000 health systems. This vast amount of data is meticulously organized to be both searchable and usable, simplifying workflows for health plans and providers alike. The platform’s capacity to connect with 100% of payer organizations and 75% of provider organizations facilitates a seamless data-sharing environment, significantly enhancing the visibility of both structured and unstructured data. This improved data visibility helps healthcare stakeholders in identifying gaps in care, managing populations more effectively, and ultimately driving better health outcomes.
The integration of Apixio’s advanced AI technology into the platform further strengthens its capabilities. Apixio’s sophisticated algorithms can parse through complex datasets to extract meaningful insights, which are crucial for proactive patient care and efficient resource management. Providers can use these insights to identify patient conditions early, make informed care decisions, and reduce unnecessary administrative and operational costs. This AI-driven approach not only streamlines existing workflows but also enhances the accuracy of diagnoses and treatment plans. The platform’s dynamic data organizing and analytical functionalities enable health plans to access member data in real-time, promoting improved coordination and cost savings in care delivery.
Enhanced Data Access and Usage
One of the standout features of Datavant’s Clinical Insights Platform is the ability to update patient profiles across multiple care sites, ensuring that providers have up-to-date and comprehensive insights to support coordinated patient care. This capability is crucial in today’s fragmented healthcare landscape, where patient information is often siloed across various systems and organizations. Providers can now access a unified and real-time picture of patient health, facilitating better collaboration among care teams and more effective contracting between providers and health plans. Such real-time data access reduces the risk of errors and omissions, enhancing patient safety and care quality.
Additionally, integrating structured and unstructured data allows the Clinical Insights Platform to provide a holistic view of patient health, going beyond conventional data points to include information from clinical notes, diagnostic reports, and other ancillary sources. This comprehensive view is essential in addressing inefficiencies, high costs, and poor outcomes that plague the healthcare system. By making detailed and actionable patient data readily available, the platform supports health plans and providers in executing more effective VBC initiatives, driving patient-centric care and improving overall health outcomes.
Addressing Challenges in Healthcare
Tackling Fragmented Health Data
The healthcare industry has long struggled with fragmented and siloed data, which hampers efforts to achieve a seamless and integrated care experience. Datavant’s Clinical Insights Platform aims to overcome these challenges by creating a unified healthcare data system. By consolidating data from various sources into a single platform, it eliminates the inefficiencies associated with disparate data systems. This unified approach facilitates better data governance, ensures data consistency, and enhances the overall quality of patient care. For risk-bearing providers, this means having access to complete patient histories, enabling more accurate risk stratification and better-targeted interventions.
Moreover, by standardizing data formats and ensuring interoperability among different health information systems, the Clinical Insights Platform enables smoother data exchange and reduces administrative overhead. Health plans can benefit from streamlined processes and reduced redundant documentation, resulting in cost savings and improved member satisfaction. The platform’s robust security measures also ensure that patient data integrity and privacy are maintained, which is critical in gaining trust and compliance from all stakeholders involved.
Driving VBC Success
Datavant has achieved significant improvements in data retrieval within the healthcare sector by introducing the Clinical Insights Platform. This platform aims to enhance operations, efficiency, and patient care for health plans and risk-bearing providers involved in value-based care (VBC) agreements. Stakeholders in the healthcare industry often grapple with numerous challenges, such as managing vast amounts of patient data, monitoring population health, and curbing operational expenses along with administrative burdens. The Clinical Insights Platform, a development stemming from Datavant’s 2024 acquisition of Apixio’s technology, seeks to mitigate these issues by making patient and member data more accessible and actionable. With this platform, healthcare providers can gain valuable insights into patient care, ultimately driving better outcomes and streamlining processes. This innovative solution positions Datavant at the forefront of advancing healthcare data management and value-based care efficiency.
