What You Should Know:
- Trilliant Health, the healthcare industry’s leading analytics firm, today released its Market Explorer, a point-and-click application that provides a more accurate understanding of network performance at the local market level.
Obtaining Key Insights of Network Performance Within the Local Market
Market Explorer combines Trilliant Health’s proprietary Provider Directory containing more than 2.9M providers with its national all-payer claims dataset containing medical claims for 300 million Americans into an intuitive and user-friendly interface that enables users to:
· Track Market Share: Analyze true market share with visibility into all healthcare services in a market – inpatient and outpatient.
· Assess Total Addressable Market: Gain a more accurate understanding of the consumption of all services by service line, procedure type and procedure sub-type.
· Find Growth Opportunities: Effectively allocate resources with targeted recommendations on the best opportunities to increase market share by ZIP code.
“Healthcare is a negative-sum game, and there is no way to win without competing effectively,” said Hal Andrews, Chief Executive Officer for Trilliant Health. “Market share is the most important metric to measure network performance. Everyone in the healthcare industry reports their market share inaccurately, because they underestimate the number of competitors in their market. Market Explorer reveals some uncomfortable realities about market share in almost every market, but an accurate benchmark is essential to developing evidence-based strategies to compete effectively.”
