Company Overview Flashcards
Komodo Health
Komodo Health is a technology platform company creating the new standard for real-world data and analytics by pairing the industry’s most complete view of patient encounters with enterprise software and machine learning to connect the dots between individual patient journeys and large-scale health outcomes
Primary Offerings:
-Healthcare Map – the industry’s most comprehensive, accurate source of de-identified patient-level data available. All of Komodo’s platform offerings, workflow applications, and technology services are built on its proprietary Healthcare Map
-MapLab™, the first self-service all-in-one offering for healthcare and Life Sciences companies to generate insights into disease trends, treatment pathways, patient populations, and a host of other complex research questions.
-Other Data Solutions and Partnerships
Innovaccer
Innovaccer is an Information Technology company in the Software & Services industry, specifically offering a Health Cloud powered by unified patient data to enable whole person care.
Primarily sell to Providers. Expanding to Payers and Life Sciences
Offerings:
-Health Cloud: This platform is powered by unified patient data, which supports digital transformation in healthcare. It is designed to activate data and create a comprehensive 360° view of the patient, enabling whole-person care.
-Population Health Management
-Pay-for-performance Solutions
-Care Management
-Referral Management
-Patient Engagement
Inovalon
Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by nearly 20,000 customers supporting over 50,000 sites of care, and are informed by the primary source data of more than 81 billion medical events across 1.1 million physicians, 661,000 clinical settings, and 380 million unique lives.
Inovalon’s products and services include:
-Inovalon ONE Platform They also offer a solution called Converged, which provides health plans with current marketplace quality benchmarking data on a monthly basis. For more detailed information, you can refer to the Inovalon news article about their Converged solution.
-Contract renewal and retention services
-Contract expansions
-Health care ecosystem connectivity
-Real-time data access and interoperability platform
-Proprietary primary source longitudinally matched data set
-System design and technology architecture for real-time data access and analysis
Veradigm
Veradigm® is a data-driven healthcare solutions company that provides a broad spectrum of healthcare solutions based on validated and trusted data sources, technologies, and methodologies.
Veradigm makes money primarily through its data-driven healthcare solutions, which include a broad spectrum of services based on validated and trusted data sources, technologies, and methodologies. Their revenue streams are likely to include:
-Electronic Health Records (EHRs): Providing healthcare providers with digital record-keeping services.
-Revenue Cycle Management (RCM): Offering end-to-end solutions for managing the financial aspects of healthcare, from patient registration and insurance verification to billing and collections.
-Healthcare Data Interoperability Services: Facilitating the secure and reliable sharing of patient data between healthcare stakeholders, as highlighted by their partnership with MedAllies for Qualified Health Information Network (QHIN) services.
-Consulting and Professional Services
Waystar
Waystar is a healthcare technology company that specializes in revenue cycle management solutions. They focus on automating processes such as authorizations, claims, and appeals through their cloud-based software, which is designed to improve efficiency in healthcare administration.
The Journal of the American Medical Association mentions that the annual cost of wasteful spending in healthcare ranged from USD 760 billion to USD 935 billion in recent years, which represents approximately 25% of the total healthcare spending. Out of the total amount, it is estimated that USD 350 billion is administrative-related, including waste associated with healthcare payments. Waystar developed its cloud-based platform to address and minimise these issues by using artificial intelligence (AI) and advanced analytics to automate payment workflows, improve claim and billing accuracy, and reduce labour costs
ArisGlobal
ArisGlobal offers integrated software solutions specifically designed for the life sciences industry. Their services are aimed at helping life sciences companies, including pharmaceutical and biotech companies, contract research organizations, and regulatory agencies
ArisGlobal sells integrated software solutions for the life sciences industry. Their product offerings include:
-**LifeSphere™: A cognitive computing platform designed to automate all core functions of the product lifecycle in the life sciences industry. These products are aimed at helping pharmaceutical and biotech companies, contract research organizations, and regulatory agencies accelerate drug development, maintain compliance, and streamline collaboration.
-Pharmacovigilance & Drug Safety Software: Tools for monitoring and reporting adverse drug reactions to ensure patient safety and regulatory compliance.
-Business Process Transformation Software: Solutions that help life sciences companies optimize and automate their business processes.
Merative
Merative sells healthcare data and analytics products. They provide technology and expertise to support decision-making and performance in healthcare. Their offerings include data, software, and technology services tailored for providers, health plans, employers, life sciences companies, and governments to foster progress in health and government social services industries
Merative’s mission statement is to work with providers, health plans, employers, life sciences companies, and governments to drive real progress using trusted technology and expertise in the health industry. Additionally, through their Cúram solution, they aim to make life easier for caseworkers, agencies, and the constituents they serve.
athenahealth
Athenahealth provides network-enabled services and products for the healthcare sector, focusing on the following areas:
-Electronic Health Records (EHR): They offer a platform for maintaining electronic health records, which is a critical component for healthcare providers.
Revenue Cycle Management and Medical Billing: Services that help streamline the entire billing process, from patient payments to dealing with insurance reimbursements.
-Patient Engagement: Tools and services aimed at enhancing the interaction between patients and healthcare providers.
-Population Health Management: Systems for analyzing and managing patient data to improve health outcomes for groups of individuals.
Abacus Insights
Abacus Insights offers a range of data management solutions that are designed to simplify healthcare data, improve data quality, and drive valuable insights. Their core products and services include:
Clinical Data Solution: A product that makes high-quality data more usable for payers in the healthcare sector.
Data Solutions for Payers: A suite of products aimed at revolutionizing how payers in the healthcare space manage and utilize data.
Compliance Solutions: Solutions that enable compliance with the Centers for Medicare and Medicaid Services’ requirements. Their mission is focused on helping health plans liberate data, enabling consumers to make better health choices, and allowing providers to offer more informed recommendations. They primarily sell to health insurance providers and organizations within the healthcare sector that require data management and analytics services to improve healthcare outcomes and operational efficiency.
Cotiviti
Cotiviti is a solutions and analytics company leveraging unparalleled clinical and financial datasets to deliver insight into the healthcare system’s performance.
Cotiviti offers a range of solutions and services that include:
-Advanced Analytics: Utilizing clinical and financial datasets to provide insights into healthcare system performance.
-Consulting & Professional Services: Offering expertise in various areas such as IT management, integration services, and design services.
-Information Technology & Services: Delivering IT solutions tailored to healthcare and other sectors.
-Healthcare Analytics: Focusing on data and analytics specific to the healthcare industry.
-Data & Analytics: Providing services that leverage data for business insights.
Integration Services: Helping organizations integrate their systems and data effectively.
NextGen Healthcare
NextGen Healthcare sells integrated clinical, financial, and connectivity solutions for ambulatory, inpatient, and dental provider organizations. Their product offerings include electronic health records (EHR), practice management tools, and other healthcare technology solutions that aim to improve healthcare delivery and patient outcomes. These products are designed to enhance the operational efficiency of healthcare providers through innovative technology.
Datavant
Datavant is a company that specializes in data logistics for healthcare. Their primary focus is to connect health data to improve patient outcomes. Here are the key aspects of what Datavant does:
- Health Data Connectivity**: They provide a platform that facilitates the secure movement and connection of healthcare data between organizations.
- Patient Privacy Protection**: Datavant ensures patient privacy is maintained while enabling the sharing and analysis of health data.
- Data Integration for Research**: They partner with organizations to integrate real-world data (RWD) sources, enhancing digital health research and decision-making.
- Tokenization Technology**: Datavant has developed a feature that allows for the connection of clinical trial data with other health data while preserving patient privacy.
- Collaborative Data Analysis**: Through partnerships, Datavant enables secure collaboration between health researchers and hospitals in Europe, focusing on privacy-compliant data sharing for research purposes.
OM1
OM1 is a leading health outcomes and registries company focused on the measurement, comparison, and prediction of treatment outcomes
OM1 offers a range of products and services that focus on the measurement, comparison, and prediction of treatment outcomes in the healthcare sector. Their core offerings leverage big data, standardized outcomes measurement, and artificial intelligence (AI) technology to provide insights into patient outcomes. Specifically, OM1’s product line includes:
- Real-world Data Networks**: OM1 expands and utilizes real-world data networks to support medical research and precision medicine.
- AI-driven Decision Support**: They integrate advanced analytics and AI capabilities to enhance clinical decision-making efficiency and improve patient outcomes.
- Predictive Models**: Using data science and machine learning, OM1 develops predictive models for improving patient identification and outcome prediction for chronic diseases. These products and services are designed to drive operational efficiency, enhance research capabilities, and provide better patient care, particularly in the realm of chronic disease management.
Medidata
Medidata is a company that combines data, AI-powered insights, and patient-centric clinical trial solutions to develop breakthrough therapies and devices
Medidata’s mission statement is to combine the wealth of data, AI-powered insights, and patient-centric clinical trial solutions required to bring tomorrow’s breakthrough therapies and devices to life, and into the hands of patients.
90% of all oncology approvals last year in the U.S. were developed using Medidata software**
Medidata sells to organizations involved in healthcare and clinical research, including but not limited to:
-Pharmaceutical companies
-Biotechnology firms
-Medical device manufacturers
-Research institutions
Medidata’s product offerings include a range of patient-centric clinical trial solutions and AI-powered insights designed to support the development of breakthrough therapies and devices. Their products and services are as follows:
- Patient Cloud**: A unified life science platform of clinical trial solutions.
- Medidata AI**: A solution to future-proof clinical trials with advanced analytics capabilities.
- Rave EDC (Electronic Data Capture)**: An advanced system for clinical trial data capture.
- Rave CTMS (Clinical Trial Management System)**: A system designed to achieve clinical, regulatory, and commercial success during clinical trials.
Definitive Healthcare
Definitive Healthcare is a healthcare analytics company that transforms data, analytics, and expertise into healthcare commercial intelligence. They provide comprehensive and integrated data on hospitals, physicians, and other healthcare providers. Their offerings include:
-SaaS Platform: A platform that delivers detailed data on the healthcare ecosystem, including insights into organizational interactions, buying authority, and referral patterns.
-APIs: Application Programming Interfaces for integrating Definitive Healthcare’s data into other systems or applications.
-CRM Integration: Capability to integrate their intelligence into customer relationship management systems.
-Third-party Data Hosting Platform Integration: Options for integrating their intelligence into third-party data hosting platforms.
-Atlas Reference and Affiliation Data Sets: Data sets that provide insights into healthcare providers and the market, used by clients to identify new targets and opportunities. Definitive Healthcare’s mission is to provide intelligence that enables companies to effectively navigate the complex US healthcare market. They sell to healthcare providers, pharmaceutical and biotech companies, medical device manufacturers, healthcare IT vendors, investors and financial analysts, consulting firms, and health plans and payers.
