THANK YOU FOR SUBSCRIBING
Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Healthcare Tech Outlook
Abhinav Shashank, Co-founder & CEO , InnovaccerBack in the day, a data analytics project at Wharton and Harvard University gave Innovaccer’s founders the impetus to lay the cornerstone of their venture in Silicon Valley. “The project focused on bringing distributed data assets together and leveraging data through analytical technologies like machine learning to understand them in a better way,” begins Abhinav Shashank, Co-founder and CEO, Innovaccer. The idea behind Innovaccer spurred even before the term Big Data found its prominence; processing reams of information and deriving quality insights. Innovaccer today assists healthcare organizations in understanding the population by integrating complex healthcare data coming from disparate sources and running advanced analytics on it for better health care.
The goal to deliver structured and simplified data analytics started with assisting the top researchers in healthcare to pull data from various EHR systems and drive clinical analytics. Innovaccer’s proprietary product Datashop is the operating system that powers healthcare, helping value-focused organizations use data as a source of innovation to improve clinical outcomes. “We have architected a platform that collates healthcare data into a single source-of-truth data lake for measuring clinical outcomes and performance. Data Lake acts as an operating system that powers healthcare wherein data from various EMRs, clearing houses, lab systems and pharmacy systems are subjected to machine learning cleaning,” states Sandeep Gupta, Co-Founder and CRO, Innovaccer.
We have constructed a platform that collates healthcare data into a single source-of-truth data lake
The firm’s integrated Data Lake—a Hadoop-powered Big Data platform—consolidates healthcare data in a clean and standardized format for quicker and easier analytics. With a point and click user-friendly interface planted atop the platform, healthcare organizations can access, search, crunch, and analyze data seamlessly without having to write a single line of code.
Innovaccer’s platform facilitates seamless data exchange with the help of a bi-directional in-teroperable Data Lake where data can be pulled and pushed from EHRs. Datashop Population Health Manager comprises risk stratification, care coordination, prescriptive capabilities and over 800 prebuilt measures assisting ACOs in reporting quality and regulatory measures. “Care teams can access data of all the patients from a range of demographic, clinical, and risk factors in real time. This helps the healthcare industry stay agile, nimble, and up to date with policy changes,” states Shashank.
The daunting rise in chronic diseases is putting the squeeze on care managers in managing the patient population. However, with Innovaccer’s advanced tools, managing patients’ health and interventions is a breeze. “With our Big Data solution, stratification of lives based on risk, care gaps, or events like elevation in risk, BMI or insulin level happens in real-time and our intelligent scheduling system feeds next patient interventions into care coaches’ schedules automatically," states Kanav Hasija, Co-Founder and COO, Innovaccer. Adding to Innovaccer PHM suite, the firm also assists healthcare organizations in automated care coordination and patient engagement based on the risk assessment of the population.
In an era where Big Data revolution in healthcare is underway, Innovaccer’s zest to be a catalyst of change is paving the way to etch an impression in the sector. Driven by the shared passion of ushering in technologies that change lives, Innovaccer is working with various healthcare networks, reaching out to 4 million lives. “The goal is to reach a 100 million by 2020,” concludes Shashank.
Company
Innovaccer
Management
Abhinav Shashank, Co-founder & CEO , KanavHasija, Co-founder & COO, Sandeep Gupta, Co-founder & CRO, Innovaccer
Description
Provides a platform that helps healthcare organizations transition into a value-based world through better analytics
Innovaccer News
Innovaccer Launches AI-Assisted Quality Management Solution for ACOs to Meet Electronic Quality Reporting Requirements
Innovaccer Joins athenahealth's Marketplace Program to Bring AI-Powered Provider Copilot to EHR
SAN FRANCISCO -Innovaccer Inc., a leading healthcare AI company, today announced an agreement with athenahealth, Inc. through the company’s Marketplace program. As part of the athenahealth® Marketplace, the newly integrated Provider Copilot empowers healthcare providers to ambiently document patient visits, seamlessly transfer AI-generated notes into the patient record, and resolve quality and coding gaps within athenahealth's electronic health record (EHR).
The Provider Copilot is a point-of-care assistant that saves healthcare providers multiple hours of manual administrative work each day. The Copilot is EHR-agnostic and:
1. Transcribes, analyzes, and generates SOAP notes of the conversations between healthcare providers and patients
2. Suggests potential diagnoses based on the clinical note, as well as comprehensive health data available in Innovaccer’s Data Activation Platform
3. Summarizes the patient record ahead of the patient visit, ensuring quick review with appropriate clinical context
4. Flags quality and coding gaps for providers participating in value-based care programs, improving care delivery and revenue recognition
5. Manages inbound and outbound referrals in an EHR-agnostic manner
Innovaccer’s Provider Copilot improves the overall provider experience by reducing the administrative burden of clinical documentation. The solution enables healthcare providers to effortlessly capture essential information during patient encounters, allowing them to prioritize their patients. Providers on the athenahealth EHR can seamlessly access and benefit from the transformative power of AI at the point of care through the Provider Copilot.
"With this new integration of our Provider Copilot, providers on the athenahealth platform can spend more time with patients by completely automating their clinical documentation workflows,” said Abhinav Shashank, cofounder and CEO of Innovaccer. “We are excited to offer AI-powered clinical documentation to all providers on athenahealth through our marketplace listing. Our goal is to bring back the joy of care for healthcare providers who have been traditionally burdened by administrative tasks and manual processes, allowing them to spend more quality time with their patients."
The Provider Copilot is a point-of-care assistant that saves healthcare providers multiple hours of manual administrative work each day. The Copilot is EHR-agnostic and:
1. Transcribes, analyzes, and generates SOAP notes of the conversations between healthcare providers and patients
2. Suggests potential diagnoses based on the clinical note, as well as comprehensive health data available in Innovaccer’s Data Activation Platform
3. Summarizes the patient record ahead of the patient visit, ensuring quick review with appropriate clinical context
4. Flags quality and coding gaps for providers participating in value-based care programs, improving care delivery and revenue recognition
5. Manages inbound and outbound referrals in an EHR-agnostic manner
Innovaccer’s Provider Copilot improves the overall provider experience by reducing the administrative burden of clinical documentation. The solution enables healthcare providers to effortlessly capture essential information during patient encounters, allowing them to prioritize their patients. Providers on the athenahealth EHR can seamlessly access and benefit from the transformative power of AI at the point of care through the Provider Copilot.
"With this new integration of our Provider Copilot, providers on the athenahealth platform can spend more time with patients by completely automating their clinical documentation workflows,” said Abhinav Shashank, cofounder and CEO of Innovaccer. “We are excited to offer AI-powered clinical documentation to all providers on athenahealth through our marketplace listing. Our goal is to bring back the joy of care for healthcare providers who have been traditionally burdened by administrative tasks and manual processes, allowing them to spend more quality time with their patients."
Innovaccer Launches AI-Powered Care Management Copilot
What You Should Know:
–Innovaccer Inc.,a leading healthcare AI company, announced the launch of its Care Management Copilot.
– This new solution brings Innovaccer’s healthcare-native AI model, Sara, into its industry-leading care management solution, reducing the documentation burden on care managers, saving them over ten hours per week, and enabling them to engage 30-40% more patients.
Enhancing Care Management Efficiency with Innovaccer’s Copilot
Care managers frequently face challenges in engaging with a large volume of patients who have diverse care needs while maintaining adherence to company standards. Organizations also struggle to achieve optimal value outcomes due to nursing shortages and staff burnout, leading to diminished patient engagement and outreach capabilities. To overcome these obstacles, healthcare providers must implement strategies that enhance patient outcomes.
Innovaccer’s Care Management Copilot addresses these challenges effectively. Built on the industry-leading Data Activation platform and powered by healthcare-native AI, the Copilot automates time-consuming tasks such as:
– Reviewing extensive patient records
– Documenting patient visit details
– Creating individualized care plans
Additionally, the Copilot assists with patient outreach by sending personalized messages, following up, and coordinating with team members. This enables care managers to focus more on direct patient interaction and improving health outcomes.
Key features of the Care Management Copilot include:
– AI-Powered Patient Summaries: The Copilot retrieves and synthesizes the most relevant patient data based on the current care protocol. It identifies care barriers and urgent red flags, providing summaries of previous care management activities to aid in patient conversations.
– Intelligent Encounter Documentation: The Copilot listens to patient interactions in real-time, populating assessments, care plans, and interventions. It offers clinical overviews, manages care protocols, and integrates personalized recommendations.
– Recommended Next Steps: Based on patient interactions, the Copilot suggests actionable next steps and converts them into structured tasks for care managers.
– EHR Writeback: The Copilot ensures seamless synchronization of care documentation with leading Electronic Health Records (EHR) systems, eliminating duplicate entries and reducing the risk of errors. This synchronization ensures that all care team members have access to the most current patient information.
The introduction of the Care Management Copilot is set to significantly improve care management efficiency by streamlining documentation processes. Innovaccer plans to continue enhancing the Copilot’s capabilities by incorporating advanced AI technology, further reducing administrative burdens and allowing care managers to devote more time to patient care.
“Our Care Management Copilot represents a paradigm shift in the way we apply AI in the clinical setting,” said Abhinav Shashank, cofounder and CEO at Innovaccer. “We envision a future where care managers are no longer tied up with paperwork and documentation, but are free to do what they do best – care for patients. This isn’t just about automation; it’s about creating a future where healthcare is more proactive, personalized, and effective. We have the opportunity to build a system that learns, adapts, and evolves, ultimately leading to better outcomes and a more sustainable healthcare model.”
–Innovaccer Inc.,a leading healthcare AI company, announced the launch of its Care Management Copilot.
– This new solution brings Innovaccer’s healthcare-native AI model, Sara, into its industry-leading care management solution, reducing the documentation burden on care managers, saving them over ten hours per week, and enabling them to engage 30-40% more patients.
Enhancing Care Management Efficiency with Innovaccer’s Copilot
Care managers frequently face challenges in engaging with a large volume of patients who have diverse care needs while maintaining adherence to company standards. Organizations also struggle to achieve optimal value outcomes due to nursing shortages and staff burnout, leading to diminished patient engagement and outreach capabilities. To overcome these obstacles, healthcare providers must implement strategies that enhance patient outcomes.
Innovaccer’s Care Management Copilot addresses these challenges effectively. Built on the industry-leading Data Activation platform and powered by healthcare-native AI, the Copilot automates time-consuming tasks such as:
– Reviewing extensive patient records
– Documenting patient visit details
– Creating individualized care plans
Additionally, the Copilot assists with patient outreach by sending personalized messages, following up, and coordinating with team members. This enables care managers to focus more on direct patient interaction and improving health outcomes.
Key features of the Care Management Copilot include:
– AI-Powered Patient Summaries: The Copilot retrieves and synthesizes the most relevant patient data based on the current care protocol. It identifies care barriers and urgent red flags, providing summaries of previous care management activities to aid in patient conversations.
– Intelligent Encounter Documentation: The Copilot listens to patient interactions in real-time, populating assessments, care plans, and interventions. It offers clinical overviews, manages care protocols, and integrates personalized recommendations.
– Recommended Next Steps: Based on patient interactions, the Copilot suggests actionable next steps and converts them into structured tasks for care managers.
– EHR Writeback: The Copilot ensures seamless synchronization of care documentation with leading Electronic Health Records (EHR) systems, eliminating duplicate entries and reducing the risk of errors. This synchronization ensures that all care team members have access to the most current patient information.
The introduction of the Care Management Copilot is set to significantly improve care management efficiency by streamlining documentation processes. Innovaccer plans to continue enhancing the Copilot’s capabilities by incorporating advanced AI technology, further reducing administrative burdens and allowing care managers to devote more time to patient care.
“Our Care Management Copilot represents a paradigm shift in the way we apply AI in the clinical setting,” said Abhinav Shashank, cofounder and CEO at Innovaccer. “We envision a future where care managers are no longer tied up with paperwork and documentation, but are free to do what they do best – care for patients. This isn’t just about automation; it’s about creating a future where healthcare is more proactive, personalized, and effective. We have the opportunity to build a system that learns, adapts, and evolves, ultimately leading to better outcomes and a more sustainable healthcare model.”
SAN FRANCISCO - Innovaccer Inc., announced the launch of its enhanced quality management solution to help accountable care organizations (ACOs) meet eCQM (electronic Clinical Quality Measures) guidelines for quality reporting requirements. The announcement comes as CMS implements changes starting in 2025 for how MSSP ACOs report quality measures.
In addition to the enhanced analytics solution suite launched at HIMSS24, Innovaccer's upgraded quality management solution actively tracks performance facilitating timely gap closures and ensuring seamless flow of data through optimized worklist management to enable the delivery of high-quality patient care. With its AI-powered predictive models, the solution will help ACOs define the best outreach channel for any members with the goal of maximizing gap closure. Its enhanced analytics and reporting capabilities will help the processing and submission of both eCQMs and MIPS CQMs (Merit-based Incentive Payment System Clinical Quality Measures) enabling providers to remain compliant with CMS Quality Reporting initiatives and manage eCQMs more efficiently.
Innovaccer is also on track to receive ONC certification for eCQM calculation and reporting from the Office of the National Coordinator for Health Information Technology (ONC) by the end of April. This certification will add the capability on the Innovaccer platform to process eCQMs, enabling ACOs to ingest QRDA I files and generate the aggregated QRDA III reports/JSON files for submission of eCQMs. Additionally, Innovaccer announced a partnership with Healthmonix, a leading healthcare technology company specializing in MIPS reporting and value-based care analytics. This partnership will further facilitate efficient reporting for value-based care, programs such as MIPS, and MACRA, empowering ACOs to improve patient outcomes and maximize the value of care delivery.
The launch of new financial analytics and healthcare AI models at HIMSS24 will further enable ACOs and providers to get essential insights to improve performance across quality, risk, cost, and utilization metrics. The solutions offer essential tools to improve contract negotiations by simulating contract terms and enable ACOs to track and monitor year-end earnings and quality incentives, to identify optimal interventions for maximum earnings and improve overall clinical, financial, experiential, and operational performance.