Innovaccer Inc., a Silicon Valley- Headquartered Healthcare Analytics company, announced the launch of Payor Compare, a free tool for care teams to track, monitor and analyze their performance in the Medicare Advantage Plan and overall trends.
Payor Compare assimilates comprehensive historical and current data from over 33,000 Medicare Advantage Plans spanned over 600 payors. The user-friendly interactive dashboard is optically engaging and is integrated with a point-and-click interface which lets payors compare upto 3 payors at once, analyze their plans’ performances and gain actionable insights which can be incorporated to better the health outcomes and achieve value-based care. This comparison is provided for 45+ CMS-specified measures broadly divided into 3 domains:
Out of Pocket Maximum
Annual Drug Deductibles
With the healthcare industry being on the brink of a major transition, it is paramount that payors and providers keep track of how their plans are faring. The Payor Compare tool brings together extensively researched data from trusted sources as a single source of truth to help payors learn about their performances.
Payor Compare also provides a more detailed analysis by aggregating the plans’ performance in every county and state and comparing it against the national average to create a benchmark. Additionally the provided by the CMS can be drilled down to help understand every aspect of the plan and its performance in every county and state.
Abhinav Shashank, CEO & Co-Founder of Innovaccer said, "After working with various value-focused healthcare organizations, we found the importance of bringing payors into the loop is paramount. Payors are just as vital in smoothening the transition to value-based care and delivering better health outcomes. Our Payor Compare puts together all the relevant information and help payors make detailed comparisons of their plans and learn about their growth and shortfalls."
"Our vision is to see the healthcare industry incorporate value-based care and achieve data-driven outcomes. Payor compare was developed on the same lines to help payors improve their growth, maintain quality, and ultimately making U.S. healthcare an affordable and equitable one," says Sandeep Gupta, Co-Founder and CRO at Innovaccer.
Also of note, Innovaccer has also launched major tools such as ‘MIPS Calculator’, ‘Hospital Compare’ and ‘ACO Compare’ for free in the past year.
To learn more about Innovaccer’s efforts in the space, Join Innovaccer team at Booth # 35 at NAACOS or schedule a personal demo with our expert.
Access Payor Compare here:
Innovaccer Inc is a Silicon Valley-headquartered, Healthcare analytics company. Innovaccer's aim is to simplify complex data originating from all points of care, streamline the information flow and help organizations make powerful decisions based on the key insights and predictions from their data. Its proprietary product, Datashop enables organizations to use data as a source of innovation and has been deployed across 15 countries at academic institutions, governmental organizations, and several corporate enterprises such as Catholic Health Initiatives, Stratifi, Catalyst, MLK Community Hospital, El Paso HIE, Sonic Healthsystems, Harvard, Stanford, MIT, and Wolters Kluwers.
For more information, please visit innovaccer.com or follow us on Twitter @innovaccer.