This innovative messaging solution helped one client achieve a 15% higher condition capture rate in the first six months of a risk documentation improvement campaign and realize $2.7 million in financial improvement to-date.
This innovative messaging solution helped one client achieve a 15% higher condition capture rate in the first six months of a risk documentation improvement campaign and realize $2.7 million in financial improvement to-date.
CHICAGO, Nov. 6, 2018 /PRNewswire/ -- A leading not-for-profit health plan in the northeast has realized significant improvement in risk documentation completeness from the implementation of Pareto Intelligence’s Engage solution earlier this year. Pareto Engage delivers member-specific clinical information securely and electronically to providers within their Electronic Health Record (EHR) system and current workflow, modernizing the way health plans communicate critical member insights with providers. The solution uses advanced messaging technology to improve risk documentation capture, close quality and clinical care gaps, and execute customized communication campaigns specified by the organization.
Each member insight sent by Pareto Engage is generated by Pareto’s advanced analytic platform and includes important clinical information on conditions requiring provider evaluation. In just six months, one health plan client has seen a 30% increase in member engagement resulting from provider-led outreach and a 15% improvement in condition evaluation and documentation. In addition to improving care outcomes for members with chronic conditions, the health plan has achieved a $2.7 million increase in risk adjustment revenue to date.
“The typical methods for communicating with providers have always been expensive and administratively burdensome,” said Brandon Solomon, Vice President of Client Advisory and Business Development with Pareto Intelligence. “Pareto Engage streamlines the process and generates significantly better results by delivering insights into current provider workflows. We look forward to building upon these early returns and broadening the use of the solution.”
Pareto Engage also transforms the way health plans and providers communicate by enabling the bi-directional sharing of information. With connectivity to more than 350 EHRs covering over 70% of practicing physicians and growing, health plans are evaluating Pareto Engage as their primary means of communicating clinical, risk and quality information with providers.
“Pareto Engage addresses an unmet need for healthcare organizations—how to efficiently and effectively communicate with providers in a way that impacts behavior and results in the provider taking action on an insight,” said Jason Montrie, President of Pareto Intelligence. “Our solution reduces the asymmetry of information for both health plans and providers by replacing ineffective means of communication in place today and driving toward better outcomes.”
About Pareto Intelligence
Pareto Intelligence is an analytics and advisory company that delivers technology solutions to improve value-based outcomes. These solutions are supported by proprietary algorithms, predictive models, and advanced data science that have analyzed over $100 billion in claims and medical costs, and touched over 14 million healthcare lives. Through this, Pareto demystifies complex healthcare data and delivers actionable insights that inspire smart strategic decisions for clients.
To learn more about Pareto, visit www.paretointel.com.
For more information on HealthScape Advisors, visit www.healthscape.com.
Media Contact:
Bre Bush
Business Development Analyst
Pareto Intelligence
204450@email4pr.com
(630) 292-8859
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SOURCE Pareto Intelligence
