Milliman MedInsight delivers a sophisticated, AI-enabled health cloud designed to drive efficiencies and outcomes using best-in-class analytics and methodologies.
SEATTLE , Sept. 23, 2024 /PRNewswire/ — Milliman MedInsights, a leading provider of healthcare data and analytics, today announced a next-generation data lake and data warehouse architecture that enables healthcare organizations to get the most out of their data and quickly address increasingly complex healthcare challenges. The new Milliman MedInsights Health Cloud enables health plans, accountable care organizations (ACOs), providers and health systems to identify opportunities to improve cost efficiencies and clinical outcomes in ways never before possible.
The Milliman MedInsight Health Cloud is more efficient and agile through strategic alliances with Databricks and Microsoft Azure, serving as a powerful single source of truth for analyzing cost, utilization, financial and clinical data. These collaborations enable the integration of advanced technologies and Milliman methodologies, positioning Milliman MedInsight as a leader in healthcare claims analytics processing and data management governance.
“Our commitment to innovation is critical to ensuring our customers receive timely and reliable data insights.”
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At the core of the MedInsight Health Cloud is the MedInsight Data Confidence Model (DCM), a validated approach to ensure the accuracy, reliability and clarity of medical data. Additionally, the MedInsight Health Cloud is meticulously designed to meet the highest standards of security and compliance, including HITRUST and SOC 2 certifications, for both the VBC and Payer platforms.
“Our commitment to innovation is critical to ensuring our clients receive timely and reliable data insights across their organizations and across various healthcare stakeholders,” said Kent Sascia, principal and CEO, Milliman MedInsights. “By optimizing our performance and analytics capabilities, we are empowering organizations to accelerate their digital transformation, advance value-based care (VBC) and more easily adopt artificial intelligence (AI).”
Benefits of the new Milliman MedInsight Health Cloud include:
Maximize speed to insight: Milliman MedInsight’s strategic investment in cloud infrastructure reduces data processing times from days or weeks to just hours, dramatically improving operational efficiency. This fast processing capability gives healthcare organizations faster access to critical data, accelerating decision-making and making healthcare delivery more responsive.
Flexible Data Ingestion and Delivery: Milliman MedInsight empowers customers by accommodating a wide range of data types and providing the flexibility to build and run their own models, eliminating the need for third-party involvement, streamlining the process and saving both time and resources.
Enhanced customization options: Moving away from the traditional Software as a Service (SaaS) data warehouse model, the new MedInsight Health Cloud adopts a Platform as a Service (PaaS) approach. This move not only modernizes the infrastructure but also provides greater flexibility for users. By moving to a PaaS model, customers can more directly and efficiently customize and manage their data environment.
AI-enabled infrastructure: The platform supports historical analytical grouping techniques and next-generation AI and machine learning (ML) technologies. This dual capability allows users to continue to leverage proven historical data analysis techniques, but also enables them to leverage the latest advancements in AI and ML for more complex predictive analysis.
“We are excited to launch the new Milliman MedInsight Health Cloud as a testament to our commitment to innovation and excellence in healthcare data analytics,” said Iyibo Jack, principal and executive vice president of product development at Milliman MedInsight. “Leveraging Milliman’s 75 years of healthcare and actuarial experience and our enhanced capabilities creates new opportunities for our clients to overcome data challenges and usher in a new era of AI and machine learning in healthcare analytics at scale.”
The new MedInsight Health Cloud is now available to all existing and new customers. To learn more about the platform and how it can transform the management and analysis of healthcare data, visit medinsight.com.
About Milliman MedInsights
Founded in 1998, Milliman MedInsight® is a leading healthcare data and analytics provider trusted by more than 300 payers, providers/ACOs, employers and government agencies worldwide. Our comprehensive suite of analytics and data solutions enables organizations to leverage healthcare data to make informed decisions and improve clinical and financial outcomes. We leverage deep industry expertise and advanced technology to deliver actionable insights into healthcare utilization, cost, quality and performance. From risk management to value-based care, Milliman MedInsight helps stakeholders navigate the complexities of the healthcare environment to achieve sustainable success.
SOURCE Milliman MedInsights
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