SAS Launches Advanced Analytics Solutions for Healthcare Payers

SAS Launches Advanced Analytics Solutions for Healthcare Payers

New data and analytic products tackle significant health care challenges in medication adherence, record review, reimbursement models, risk management, and cost efficiency.

SAS, a frontrunner in data and AI, has introduced an innovative solution named SAS Health Cost of Care Analytics. This product is designed for health care payers and providers, aiming to enhance decision-making regarding quality and cost management in health care delivery.

Understanding SAS Health Cost of Care Analytics

Available soon, SAS Health Cost of Care Analytics leverages health claims data, enabling organizations to assess and analyze claims as episodes of care. It tracks the patient journey from detection through treatment and into ongoing management, piecing together important codes and patterns for deeper insight.

Transforming Care Through Data

SAS has crafted this analytics solution on its renowned SAS Viya platform, aiming to promote cost-effective treatment pathways. This approach can lead to reducing hospital admissions and overall length of stays, thereby improving healthcare efficiency.

Introduction of SAS Health Cost of Care Analytics at Industry Events

SAS plans to showcase its newest analytics solutions at leading industry conferences, where attendees can learn firsthand about transforming health care scenarios. Engaging presentations will highlight the product's capabilities designed specifically for the payer sector.

The Importance of AI in Healthcare

Increasingly, health care systems require sophisticated data analytics to achieve crucial outcomes, including identifying at-risk populations, enhancing quality measures, managing costs effectively, and customizing patient experiences. SAS ensures that their Health Cost of Care Analytics meets these needs by incorporating innovative industry insights.

Key Features of the New Analytics Solution

SAS Health Cost of Care Analytics brings unique features that empower users:

• Flexible Episode Definitions: The solution allows users to analyze claims based on their clinical definitions, creating a comprehensive view of patient care.
• Care Outcome Measurement: Services and costs can be categorized to determine value-added components versus potentially avoidable costs. Furthermore, it automatically calculates risk-adjusted costs, providing essential quality metrics.
• Performance Comparison of Providers: By applying user-specific rules to medical claims, the analytics solution allows for a comparative analysis of provider performance, factoring in patient severity.
• Simplified Data Management: This tool supports effective data validation and streamlined integration into the SAS common data model, facilitating the creation of robust data repositories.

Ready-Made AI Models for Enhanced Healthcare

Additionally, SAS has introduced ready-made AI models tailored for health care applications. Rooted in extensive expertise, these models are constructed to efficiently address business challenges.

Latest AI Models from SAS

The newly released models include:

• SAS Medication Adherence Risk: This tool focuses on patient adherence to medications, significantly impacting health outcomes and quality assessments.
• SAS Document Analysis: This model intelligently processes scanned documents, transforming unstructured claims data into structured formats, enhancing the review process efficiency tremendously.
• SAS Payment Integrity Models: These models are designed to combat billing errors and claim discrepancies, identifying fraudulent activities and aligning with compliance requirements.

Engagement Opportunities at AHIP Conference

SAS will unveil these advanced healthcare solutions at the AHIP conference, ensuring that attendees witness firsthand the capabilities of their offerings. The event will provide a platform for interactive demos, expert sessions, and insights into future trends in healthcare analytics.

Visit SAS to explore how their innovative AI platform is transforming data into insightful solutions that can profoundly enhance patient care.

About SAS

SAS stands as a global leader in data and AI innovations. Through its software solutions, SAS empowers organizations to convert data into trusted decisions, ultimately delivering the power to know.

Frequently Asked Questions

What is SAS Health Cost of Care Analytics?

SAS Health Cost of Care Analytics is a new analytics solution aimed at improving decision-making for health care payers and providers by analyzing health claims data.

When will SAS Health Cost of Care Analytics be available?

The solution is expected to be available in July 2025.

How does SAS's new analytics solution improve health care?

It facilitates cost-effective treatments, decreases admissions, and improves care management by providing a detailed analysis of claims as they relate to patient journeys.

What unique features does SAS Health Cost of Care Analytics offer?

It features flexible definition settings for episodes of care, outcome measurement tools, risk-based performance calculations, and simplified data management capabilities.

Where will SAS launch their new health care solutions?

SAS will introduce these solutions during the AHIP 2025 conference in Las Vegas, offering live demonstrations.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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