BLUE BELL, Pa. & LAS VEGAS--(BUSINESS WIRE)--Halfpenny Technologies will showcase its truly interoperable, clinical data exchange solution for health plans at AHIP Institute 2013 in Las Vegas, NV from June 12-14, 2013 in booth #639.
True interoperability solutions can better enable health plan organizations to manage and lead in the coordination of individual care, support shared savings models, and deliver measurable and actionable outcomes that help health plans drive down the cost of care and ultimately improve population health. Halfpenny Technologies offers comprehensive solutions to empower health plans with the right technology to tackle these initiatives.
“Health plans struggle with the many challenges of health information exchanges and coordination of care,” Halfpenny Technologies President and CEO, Tim Kowalski, said. “The clinical data integration solutions from Halfpenny Technologies fuel health plans by giving them more complete access to the critical clinical results and data required for effective care management, and strengthens their competitiveness and financial outcomes through powerful modeling and analytics tools.”
Health insurance organizations are further burdened with constant challenges due to a rapidly evolving health care landscape fueled by change from compliance initiatives, health reform and an unstable economic environment. To tackle these challenges, Halfpenny’s solutions provides access to clinical data and the necessary analytics tools to allow health plans to effectively manage patient risk and ensure better care coordination. A health insurance organization’s ultimate success will be determined by its ability to:
- Predict shifts in membership-base
- Manage the cost of care
- Collaborate more effectively with providers
- Increase NCQA and HEDIS quality scores and Medicare Five-Star rating
Address health insurance organization’s need for complete clinical data
All health plans are facing the need to integrate clinical data such as lab results that is currently in disparate data warehouses across the enterprise. Halfpenny Technologies aggregates, normalizes and consolidates clinical test data so it can be seamlessly overlaid with quality report data, disease management data, population health data and claims data to gain holistic insights at the member level.
Tools to support collaborative care models
Halfpenny solutions supports both the accountable care organizations (ACOs) and patient-centered medical homes (PCMHs) models to help health plans to drive down the cost of care. Our solutions toolkits focus on improving quality and controlling cost of care by aligning the interests of health plans, providers and members. Additionally, Halfpenny Technologies health plan tools:
- Promote evidence-based medicine
- Provide comparative effectiveness
- Enable the seamless exchange of data for better integrated care
- Offer analytics to support pay-for-performance initiatives
Measure return on investment with Halfpenny Technologies’ analytics tools
Real-time data exchange between health plans and providers is paramount to enable collaborative delivery model operation and measurement. Specifically, the exchange of clinical, claims and test result data between health plans and providers is essential to track and analyze outcomes.
Halfpenny Technologies solutions help health plans face the challenges in measuring the return on investment of programs that provide “difficult-to-quantify” savings, such as wellness, case, care and disease management. The clinical decision support, population health and revenue enhancement reports enable health plans to work more closely with providers to coordinate care, develop performance metrics, and implement long-term data tracking systems and processes.
About Halfpenny Technologies
Halfpenny Technologies Inc. provides clinical laboratories, hospitals, health plans, accountable care organizations (ACOs), health information exchanges (HIEs) and EHR vendors with a cloud based, secure, scalable, vendor-neutral clinical data exchange platform designed to optimize care coordination. Our proven track record of providing advanced features, rapid implementation, reliable technology infrastructure and LOINC mapping enables laboratories and hospitals to win new clients and better compete in the HITECH era; health plans to improve HEDIS reporting and STAR ratings, increase revenue and support population-based initiatives; and EHR vendors to include CPOE and results delivery in their solutions and meet Meaningful Use certification requirements.
To learn more about Halfpenny Technologies visit the web site: www.halfpenny.com.