ATLANTA – LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, today announced the launch of LexisNexis Provider Performance Monitor, a clinical data analytics solution that helps improve and optimize the quality and efficiency of provider networks through robust evaluation of performance using severity-adjusted scores. By measuring provider performance through Provider Performance Monitor, payers have a critical solution to deliver better outcomes, improve the patient experience and reduce costs, as well as an asset for creating provider networks that are effective and achieve optimal efficiencies.
“LexisNexis is dedicated to providing the health care industry with the clinical data analytics solutions needed to implement the Affordable Care Act and excel in Triple Aim, and the Provider Performance Monitor is a key piece of our continuum of solutions,” said Lee Rivas, Chief Executive Officer, Public Sector and Health Care, LexisNexis Risk Solutions. “Payment reform has been the driver in the industry’s shift from ‘volume-based’ to ‘value-based’ care payment models. The LexisNexis Provider Performance Monitor enables payers to fairly compare providers against industry and local benchmarks, allowing them to create provider networks comprised of physicians with the best health care outcomes, at reduced costs and fostering improved population health.”
LexisNexis Provider Performance Monitor leverages service and demographic data to generate severity-adjusted episode-based provider performance analytics and industry standard quality measure compliance rates in a single application. Both sets of analytics provide input into quality improvement programs and cost and utilization reduction efforts. Each provider’s severity-adjusted performance can be compared to a variety of benchmarks that are appropriate to the health care services delivered to the provider’s patients. The Provider Performance Monitor delivers these metrics through an intuitive web-based application and provides the capability to integrate these three key metrics into existing payer legacy applications.
In addition, an Accountable Care Organization, a health plan or an Integrated Delivery Network’s provider network team can use the data analytics to tailor messaging to an individual provider. The messaging is based on a holistic, fair and objective evaluation of efficiency performance metrics and quality measure compliance rates.
About LexisNexis Risk Solutions
At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com.