BOSTON--(BUSINESS WIRE)--As healthcare providers’ operational costs continue to rise and payment models further squeeze margins, the industry is now beginning to rethink strategies that will deliver more efficient and effective care. Based on an extensive analysis of the industry, Frost & Sullivan has identified care pathways as a way to solve fragmented care delivery models. Today, Frost & Sullivan recognizes Lumeon as the 2018 Enabling Technology Leader in Care Pathway Management.
Lumeon’s Care Pathway Management (CPM) platform enables providers to address the root causes of some of their most significant challenges, such as those regarding operating room cancellations, late discharges, post-acute care coordination, referral leakage, and long-term chronic disease management. Lumeon CPM tackles care in a holistic way, coordinating care teams and automating tasks around a digital plan of care. Every organization can deploy their own care plans, orchestrating resources optimally around patient needs and risks while enabling care teams natively through the EHR. With the move toward capped payment models, Lumeon also helps providers address health plan eligibility and compliance rules.
“One of the primary challenges confronting healthcare organizations today is finding a single, comprehensive technology vendor that facilitates the end-to-end orchestration of clinical process workflows,” said Dinesh Kumar, Industry Analyst at Frost & Sullivan. “Lumeon recognized a huge opportunity in the healthcare industry and created its CPM platform in order for providers to take control of their care operations. Based on extensive research, we can confidently say this platform is the most extensive and advanced clinical care pathway management solution on the market, and that it is a crucial technology to help curb skyrocketing costs while maintaining a high level of patient-specific care.”
“Every day, we hear from providers that their margins are under attack; they have exhausted ideas to increase revenue and are now looking to deliver care more efficiently,” said Robbie Hughes, Lumeon CEO. “Never before have we seen such an urgent need to transform how the nation delivers care. Care pathway management offers organizations a solution that can fundamentally change how they deliver care, streamlining operations while delivering personalized care for every patient—Lumeon is air traffic control for healthcare. We are very pleased to be recognized by Frost & Sullivan and proud to be part of the solution to address major challenges that confront us today.”
Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient's technology.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
Download a free copy of the full Frost & Sullivan report here.
Lumeon enables healthcare organizations to orchestrate and automate systems and processes, bringing situational awareness to care operations to deliver high performance, team-centered healthcare.
The industry-leading Lumeon Care Pathway Management (CPM) platform and suite of solutions empower health organizations to take control of their end-to-end care delivery model and maximize the use of resources. By iteratively designing and deploying efficient pathways, organizations reduce cost and minimize variation, while flexibly adapting to emerging needs.
With headquarters in the USA and Europe, Lumeon serves some of the largest health enterprises across the globe, managing over six million patients on its platform. Find out more at www.lumeon.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages more than 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.