Combination of Software and Advisory Service Levels the Playing Field with Payors
Portland, ME, October 20, 2014 — iVantage Health Analytics, a leading provider of Intelligence and Analytics for the new healthcare, today launched INCONTROL Contract OptimizerTM. The web-based solution provides the hospital industry with a new way to assess the impact of today’s dynamic market forces, including shifts from inpatient to outpatient care, changes in utilization, declining reimbursements, and price transparency. Hospital leaders gain an unprecedented ability to analyze their managed care portfolio, quantify risks to their financial performance, and identify strategic opportunities for growth and service line expansion using a proprietary paid claims database. To read more about how iVantage clients have used the INCONTROL solution to drive 10% annual rate increases, bring $10M+ to the bottom line, and effectively project price points for expanding new service lines, check out these client success stories.
INCONTROL provides the data and insights necessary to turn comprehensive patient revenue metrics into an actionable revenue strategy. The solution combines claims level data ” all payors, all patients, and all payments ” from all sources, and provides internal and external comparatives. With a dynamic user interface and advanced drill-down capabilities into more than 100 inpatient and over 80 outpatient, intensity based service lines, INCONTROL provides answers to executives’ most critical questions:
Supplementing the INCONTROL solution and using proven accelerated transformation methods, the iVantage advisory team focuses on key growth drivers, including revenue, cash flow, and shareholder and stakeholder value. Advisors offer a comprehensive review of core competencies as well as help to identify strongest assets, weakest assets, and the potential to develop new assets.
“With the dramatic changes in healthcare and increasing pressure on hospital executives to accurately forecast revenue, it’s critical to offer a robust solution that helps our clients identify new market intelligence and a more comprehensive view of the risks and opportunities potentially sitting in their portfolio,” commented Araby Thornewill, president, iVantage Solutions.
Mitch Galloway, President of iVantage Advisory added, “Our client success stories demonstrate that this unique solution offers hospitals ” large and small ” a powerful, interactive tool and expert intelligence to compare against both internal and peer data in order to identify variation and capitalize on revenue optimization opportunities.”
iVantage purchased INCONTROL Contract Optimizer, previously known as PDS, from the Hospital Association of Southern California (HASC) in 2013.
About iVantage Health Analytics
iVantage is a leading business analytic and advisory services company applying AHT, Accelerated Healthcare TransformationTM and the VantagePointsTM platform to drive sustained, evidence-based results. The company’s unique combination of technology, content, and expert advisory services accelerates decision making for the new healthcare. Visit www.ivantagehealth.com
# # #