admin The success of any clinical trial depends on the accurate creation, collection, and analysis of data. As large quantities of health-related data can be analyzed to detect forthcoming health problems also, data patterns enable many disease states to be foreseen, permitting early intervention and better outcomes. Data are also used to evaluate the quality of care, efficiency of care facilities and providers. The performance of individual plans can be carefully analyzed to reveal cost trends upon which corrective action can be taken and so for pharmaceutical companies, medical device manufacturers, biologics, and other life sciences organizations managing Clinical Data is crucial; thus increasing the cost of maintaining the data.
Employers currently spend about $1.2 trillion on health benefits across 155 million workers and according to the studies, employers rank the cost of specialty pharmaceuticals as the top driver of cost-increase. Much of this high cost is due to poor plan management and inefficient resource utilization. Reaching real improvement in health goals, financial and otherwise, has become extremely challenging for fully-insured and self-funded plans.
Visionary & Tech-Veteran of the Company
Bernard Khomenko, CEO, DataSmart Health Solutions belives in a smarter way to provide healthcare coverage through technology and coordinated delivery solutions, providing a clear game plan with managerial oversight.
Traditionally, insurance is supposed to be confusing; to a certain extent, carriers don’t want you to understand it. Having health intelligence tools provides the opportunity for an employer to offer some transparency.
Under the leadership of insightful and adept Bernard Khomenko, DataSmart Health Solutions has connected analytics with interventions and achieved significant progress in lowering healthcare costs and enhancing medical care. The company provides a variety of integration strategies that will enable improvements in the patient experience and is engineered to turn basic data into actionable health information for employers.
DataSmart Health Solutions successfully orchestrating its proprietary technology & analytics with carefully-selected platform partners, including CoreSource (TPA), Magellan Rx. The company’s analytical platform is driven by the Johns Hopkins Medical School’s ACG system. DataSmart Health Solutions have assembled their own benefit platform with national reach, and provide efficient solutions for the employer of all sizes.
Shaping the Healthier Lives
DataSmart Health Solutions starts by looking at historical data and run these data through the DataSmart Solutions proprietary analytics Engine. The company’s care management team reviews the results. With these results, DataSmart Health Solutions’ expert team makes decisions about health, interventions, and suggest actions to build healthier lives in plan members. Over time additional data from claims, wellness, and treatment & care is then fed back into the analytics engine providing even better results.
[mks_col][mks_one_half]DataSmart Health Solutions constantly monitors claims and non-claims data and use analytics to spot major health problems in advance and make sure that appropriate interventions are initiated at a very early stage. The company believes the best way to treat a costly, life-threatening problem is to prevent it in the first place.
[/mks_one_half][mks_one_half]Our goal is to enable consultants to deliver to their clients the best in service and coordination to save money and time[/mks_one_half][/mks_col]
Shaping the Healthier Plans
By identifying and recruiting best-in-class partners, CoreSource (TPA) and Magellan Rx (PBM) and their associated networks; DataSmart Health Solutions has laid a solid foundation for healthy self-insured plans. Several other service providers with proven track records round out this expert team. Benefits consultants and their clients know these pre-vetted partners represent the finest in the industry.
DataSmart Health Solutions applies an ongoing, data-driven surveillance process to ensure steerage toward the highest-value facilities, providers, medications, and superior plan designs. There is constant communication between the team and its consultant partners which keeps the consultant as the primary voice in delivering value-added recommendations to self-funded plan clients. The company provides the plans that respond to these recommendations distinguish themselves by strong financial performance (e.g. growing reserves, declining loss ratios and premium outlays, and superior performance relative to industry benchmarks).
The company pursues three core activities, first managing population health through constant risk-scoring and coordinated care, second, optimizing plan design and usage through time-proven data monitoring processes, and third, balancing platform partners, ensuring best-in-class product offerings, optimized utilization, and pleasant customer experience.
Success Mantra
DataSmart Health Solutions defines success in terms of fulfilling their mission of delivering superior healthcare at a lower cost and helping enterprises to achieve their financial goals.
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