Milliman MedInsight Unveils Advanced Health Cloud for Healthcare

Milliman MedInsight Unveils Advanced Health Cloud for Healthcare

Utilizing cutting-edge analytics, Milliman MedInsight introduces an AI-enabled Health Cloud to enhance efficiencies and outcomes.

Milliman MedInsight, a renowned provider of healthcare data and analytics, has unveiled a next-generation data lake and warehouse architecture poised to assist healthcare organizations in harnessing their data efficiently. The new Milliman MedInsight Health Cloud empowers health plans, Accountable Care Organizations (ACOs), and providers to identify opportunities that significantly improve cost efficiency and enhance clinical outcomes.

A Comprehensive Solution for the Healthcare Industry

The Milliman MedInsight Health Cloud delivers a powerful single-source-of-truth for insightful analysis of financial, clinical, and utilization data. Through collaborations with Databricks and Microsoft Azure, Milliman has integrated advanced technologies, solidifying its position as a leader in healthcare claim analytical processing and governance.

Commitment to Data Accuracy and Security

Central to the MedInsight Health Cloud is the MedInsight Data Confidence Model (DCM), a validated mechanism that ensures the accuracy, reliability, and clarity of healthcare data. Additionally, the platform has been meticulously engineered to comply with the highest security standards, obtaining HITRUST and SOC 2 certifications, which power both the VBC Platform and Payer Platform.

Kent Sacia, Principal and CEO of Milliman MedInsight, emphasizes the importance of innovation, stating, "Our commitment to innovation is pivotal in ensuring that our customers receive timely and reliable data insights across their organizations. By enhancing our analytical capabilities, we empower organizations to advance digital transformation and embrace value-based care (VBC)."

Features of the Milliman MedInsight Health Cloud

The benefits of the new Milliman MedInsight Health Cloud are noteworthy and transformative:

1. Maximized Speed to Insight: The investment in cloud infrastructure drastically improves operational efficiency, reducing data processing times to hours instead of days or weeks. This enables healthcare organizations to make prompt decisions and respond more quickly to changing healthcare needs.
2. Flexible Data Ingestion and Delivery: The platform supports a diverse array of data types, allowing customers to create and run their own models independently and eliminating reliance on third-party vendors.
3. Enhanced Customization Options: Transitioning to a Platform as a Service (PaaS) model, the new MedInsight Health Cloud offers enhanced user flexibility, enabling customers to customize and manage their data environments with greater efficiency.
4. AI-Ready Infrastructure: Supporting both historical analytical techniques and next-generation AI and machine learning technologies, the platform allows users to leverage proven strategies while exploring the latest advancements in predictive analytics.

"We are excited to introduce the Milliman MedInsight Health Cloud, showcasing our dedication to excellence in healthcare data analytics," stated Iyibo Jack, Principal and Executive Vice President of Product Development. He added, "By harnessing Milliman's extensive healthcare and actuarial experience, we create new opportunities for our clients to tackle data challenges and embrace AI and machine learning in healthcare analytics."

Availability and Next Steps

The new MedInsight Health Cloud is now available for both existing and new customers. This platform promises to revolutionize healthcare data management and analytics practices. To learn more about how it can redefine your organization’s approach to healthcare data, visit medinsight.com.

About Milliman MedInsight

Founded in 1998, Milliman MedInsight is a premier provider of healthcare analytics and data solutions, trusted globally by over 300 payers, providers, ACOs, employers, and government entities. The organization's comprehensive suite of solutions provides actionable insights into healthcare utilization, care quality, costs, and performance, supporting stakeholders in effectively navigating the complex healthcare landscape.

Frequently Asked Questions

What is the Milliman MedInsight Health Cloud?

The Milliman MedInsight Health Cloud is a next-generation platform that offers advanced data analytics, helping healthcare organizations utilize their data efficiently.

How does the Health Cloud improve operational efficiency?

By drastically reducing data processing times, the Health Cloud enables quicker access to critical data, facilitating faster and more informed decision-making.

What types of data can be analyzed using the Health Cloud?

The platform supports various data types, allowing healthcare organizations to analyze clinical, utilization, and financial data effectively.

Is the Health Cloud secure?

Yes, the Health Cloud meets high security standards and possesses certifications like HITRUST and SOC 2 to ensure data security and compliance.

Who can benefit from the Milliman MedInsight Health Cloud?

Healthcare providers, payers, ACOs, and health systems can all benefit significantly from the enhanced capabilities offered by the Health Cloud.

About The Author

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