WALTHAM, Mass.--(BUSINESS WIRE)--Verscend Technologies, Inc. (Verscend), a leader in data-driven healthcare solutions, earned top scores in KLAS Research’s “Payer Quality and Risk Analytics 2018” report, the market research firm’s second annual review of payer quality solutions. Verscend is the only fully rated vendor to garner a top-three rating in both the 2017 Payer Quality Analytics report and the 2018 report, evidence of its product and delivery excellence and market stability. Verscend received top marks for overall value, innovation, product utility, and ease of implementation.
“This report affirms the depth, breadth, and overall performance of Verscend’s quality analytics and risk adjustment solutions,” said Emad Rizk, M.D., president and CEO of Verscend. “Health plans are increasingly bringing these two departments together, looking to drive greater process efficiency. Our ability to meet their needs across these once-siloed areas significantly improves their performance and financial outcomes.”
Based on customer interviews, the KLAS report highlights that payers working with Verscend are significantly more likely to regard its solutions as progressive than other companies’ offerings, delivering both new technology and current needed functionality. Notably, more participants rated Verscend’s ability to deliver regulatory reporting on demand as “excellent” or “good” than they did for any other vendor. Customers also highly rated the reporting capabilities of General Dynamics Information Technology’s quality analytics solution, recently acquired by Verscend.
Used by more than 115 health plans, Verscend’s end-to-end Quality Intelligence solution drives the best results for payers with the least amount of effort at every stage. The solution blends NCQA-certified measure logic and easy-to-use reporting software with high-volume, expert retrieval and abstraction services for overall process excellence.
Verscend’s Medicare and commercial Risk Adjustment solutions, leveraged by 30 health plans, ensure that organizations are accurately and appropriately reimbursed for the care their members received. The company’s solutions span from suspecting analytics to submission, as noted in the KLAS report, making them among the most comprehensive in the industry.
About Verscend Technologies, Inc.
Verscend Technologies (formerly Verisk Health) drives better healthcare outcomes through data analytics, supporting payers' financial performance and quality improvement initiatives. Our Payment Accuracy, Risk Adjustment, and Quality and Performance solutions help organizations utilize their data so they can efficiently and cost-effectively succeed in the new era of healthcare. Learn more at www.verscend.com.
About KLAS Research
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and counted. Working with thousands of healthcare professionals and clinicians, KLAS gathers data on software, services and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. To learn more about KLAS and our reports, visit www.KLASresearch.com.