• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Innovaccer Unveils Financial Analytics Solution For Hospitals and Health Networks

by Fred Pennic 06/21/2018 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Hospital CFO_New Financing Program Minimizes Impact of ICD-10 Revenue Delay for Private Practices_revenue cycle management

Innovaccer, a San Francisco-based healthcare data platform company, has announced the launch of its financial analytics solution for hospitals and health systems. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph.

As healthcare providers delve deeper into evolving payment models, there is an increased burden on financial teams at hospitals and health systems to identify opportunities for lowering costs without affecting the quality of care. However, the absence of insights into their network and utilization metrics limits the understanding of network’s financial health.

Additionally, the lack of holistic insights into financial performance restraints CFOs at health systems and healthcare leaders from driving significant operational changes across the entire organization. This leads to operational gaps between payers and providers, financial constraints, and even shrinking margins in overall revenue. The problem is getting even more challenging with evolving payment models, increasing consolidation, and increasing risk management aspects of the healthcare business model.

To help the healthcare leadership tap into the financial opportunities existing in their network, the new tool will gather data from disparate data sources including clinical, claims and billing, financial, and human resources management systems (HRMS) to deliver insights into financial performance. The solution will cater to different finance-related analytics needs of healthcare organizations, including:

– Revenue Cycle Analytics

– Cost and Margins Analysis

– Operational Analysis

The KPIs, visualizations, and user interfaces on top of the integrated data streams can be customized as per the need of the care teams. Leveraging the power of InGraph, industry’s most flexible and transparent analytics solution, Innovaccer will empower leadership to analyze financial health, identify trends and weak points, understand metrics and critical expense factors,  and drive several intervention steps with the help of data. Additionally, the solution is flexible to absorb refinements upon inputs to help tune the holistic financial management framework. Accordingly, the core analytics engine will be configured in a manner that facilitates users to design their own charts, change input-output parameters, apply new filters and pivots on top of the data model. The overall execution strategy will be highly iterative and collaborative, both from a data sourcing perspective as well as grading/evaluating the efficacy of the financial output model.

Innovaccer’s latest launch is a part of their strategy to achieve their overall goal of saving US healthcare $1 billion in expenditure. The entire healthcare data platform is built with an aim to manage cost variations, network utilization, and ensure quality in care efficiently.

 

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Innovaccer, Revenue Cycle Management

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |