– HMS Holdings Corp acquires VitreosHealth, the first Insights-as-a-Service delivery model for advanced population health analytics for $36M in cash.
– HMS is currently using VitreosHealth’s technology as the predictive analytics engine for HMS’ Elli, a risk intelligence solution that is part of the company’s integrated Population Health Management (PHM) portfolio.
HMS believes the integration of VitreosHealth will enhance our predictive modeling and analytics capabilities within its PHM solution suite and further drive customer value
HMS Holdings Corp., today announced it has acquired VitreosHealth, a Plano, TX-based Insights-as-a-Service delivery model for advanced population health analytics. The acquisition will provide HMS with predictive and prescriptive health insights for population risk models.
AI-Driven Predictive Models are Necessary for Effective Population Health
Founded in 2009, VitreosHealth offers advanced analytics solutions in Total Population Health Management for Healthcare Payors, Providers, MSSP ACO and Self-Insured Plans. Vitreos leverages big data and predictive and prescriptive health insights for population risk models that provide a complete view into the healthcare continuum.
VitreosHealth’s artificial intelligence-driven platform leverages data from a broad set of sources, including electronic health records, claims, health risk assessments, and socioeconomic data. It then provides insights that allow clinicians and health plan administrators alike to identify and address care gaps within their member or patient populations.
Also, VitreosHealth’s advanced analytic predictions into the care management workflow offers critical insights that help health plans and managed care organizations optimize their Star and other quality ratings, recognize undercoding/overcoding patterns and analyze out-of-network utilization.
HMS Integration of VitreosHealth
HMS is currently using VitreosHealth’s technology as the predictive analytics engine for HMS’ Elli, a risk intelligence solution that is part of the company’s integrated Population Health Management (PHM) portfolio. HMS believes the integration of VitreosHealth will enhance our predictive modeling and analytics capabilities within its PHM solution suite and further drive customer value by:
– Enhancing risk stratification capabilities with disease-specific predictive models
– Enabling faster identification of rising risk members
– Improving outcomes through prescriptive interventions
Why It Matters
“We are excited to add VitreosHealth’s talent and advanced analytics expertise to the HMS family,” said Bill Lucia, HMS Chairman and CEO. “Our successful partnership with VitreosHealth has evolved into today’s highly strategic acquisition of best-in-class predictive analytics capabilities. We expect VitreosHealth’s prescriptive health insights will further enrich our award-winning Population Health Management suite to better predict, identify and avoid preventable high-cost events.”
