MedeAnalytics was recently highlighted in Gartner’s Market Guide for Healthcare Provider Value-Based Performance Management Analytics (VBPMA). As noted in the guide, value-based performance management analytics solutions are the next-generation financial planning and modeling tools that health systems need to manage performance across volume, value, and risk-based contracts. Key findings reveal that the evolution of VBPMA continues as payers and health system board members pressure leaders to manage risk and demonstrate value.
The guide offers insights for healthcare CIOs in the process of defining their requirements for a potential analytics vendor. Gartner recommends that CIOs track emerging VBPMA vendors with solution capabilities that align to their enterprise priorities. Included in the guide is a checklist for CIOs to use to define their requirements, query vendors, and craft RFIs and RFPs as they uncover the tools that will provide the insights necessary for effective value-based performance management.
Within the report, MedeAnalytics was noted for its targeted functionality in enterprise financial analytics, which Gartner defines as the toolset required “to measure and analyze current changes and predict anticipated changes to variables that affect revenue and margins across all payment models.” These variables include changing payment models, regulatory program guidelines, population risk stratification, coverage, utilization, and care delivery costs.
MedeAnalytics was also emphasized for its ability to combine models such as cost accounting, revenue cycle management, or predictive, progressive risk stratification with VBPMA features, providing the advanced analytics that predict risk and financial performance. Additionally, the guide acknowledges the role that population health and quality management solutions play in helping health systems adapt to emerging measures and data requirements, while meeting growing buyer demands.