Innovative population health analytics provider chosen as winner
HealthTech Conference announced that VitreosHealth® has won the Most Promising HealthTech Company of 2014 Award. VitreosHealth® is a leading provider of the most innovative predictive analytics and risk stratification platform for effective population health management. The solution combines data from disparate sources (EMR, Claims and Non Clinical Factors) to create a complete population/cohort risk profile and care recommendations for improved outcomes and costs. Patient-centered medical homes, large physician groups, HMOs, ACOs, hospital systems, IDNs, and shared savings programs use Vitreos population analytics solutions. The selection criterion by which VitreosHealth® was selected for this award was likeliness to build a sustainable business.
“VitreosHealth was a finalist at last year’s HealthTech venture competition and made such great progress in the last 12 months that it clinched this year’s Winner award! Jay Reddy, Vitreos Health CEO, was impressive in showing the progress they made with their advanced population management tools for healthcare providers and payers,” said Anne DeGheest, founder of the HealthTech Conference and managing director of HealthTech Capital.
Since 2009, VitreosHealth® has been a pioneer of quality analytics and decision support solutions for the healthcare market. VitreosHealth leverages EMR clinical data along with claims, household analytics and incorporates social media data to develop predictive models to flag high risk ‘mover’ population cohorts. The analytics delivered by VitreosHealth® enables 5-6 times the return (ROI) for our customer’s investments. Vitreos offers “risk-based” pricing wherein customer pays only upon reaching the targeted guaranteed savings.
VitreosHealth® population health predictive analytics solve three major customer pains by:
· Identifying 3-4 times more patients early in the chronic disease cycle, prior to the onset of a complication that needs a high cost intervention
· Providing risk factors, gaps-in-care and care recommendations information at the right point of care to increase care team productivity by 28%
· Helping measure the performance of their care management programs to identify programs that are working in bending the cost curve early on, and not waiting till the end of the year
“This award is an endorsement to the innovative work our customers like GlobalHealth, Alliance Community Hospital, Patient Physician Network and Children’s Health Dallas are doing in bending the healthcare cost curves. We are proud to be a part of their ecosystem in this journey,” said VitreosHealth® Founder and CEO, Jay Reddy. “It is an honor and a privilege to be the recipient of HealthTech’s Most Promising HealthTech Company of 2014 Award. We continue to pioneer innovations in the analytics space and we look forward to delivering the best predictive modeling software for the healthcare market.”
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About HealthTech Conference
The HealthTech conference has emerged, after the last two years, as the leading conference on how to build successful HealthTech companies. We focus on practical and in depth discussions on how emerging and established companies can grow their innovative products that enable existing healthcare players to adapt to a fast changing healthcare delivery system. The conference provides a unique blend of all the key players in the same room: Providers, Investors, Payers, Emerging companies, Established companies. HealthTech Capital is a group of private investors dedicated to funding and mentoring new “HealthTech” start ups at the intersection of healthcare with the computer and mobility worlds. HealthTech Capital is creating a new ecosystem with leading edge clinical providers, venture firms and other industry players.
About VitreosHealth®
About VitreosHealth® VitreosHealth®, an innovative provider of predictive population risk and prescriptive care management analytics leveraging EHR, Claims & Demographics data for HMOs, medical homes, physician groups, ACOs, hospital systems, IDNs, and shared savings programs. VitreosHealth® solutions delivers predictive chronic disease models for population state-of-health risk analysis and risk stratification, care management analytics and quality-cost-risk visibility, “what-if” modelling for improving overall healthcare provider and payer performance. For more information, please visit http://www.vitreoshealth.com or email Media Contact Sandeep Misra smisra@vitreoshealth.com.
