Plano, TX, July 25, 2023– Health Chain, a leading innovator in healthcare technology, today announced it has been identified as a Sample Vendor in the Gartner Hype Cycle for U.S. Healthcare Payers, 2023. Health Chain was named in the Next-Generation Value-Based Payment category.
According to Gartner, “Gartner Hype Cycles provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities.”
Health plans and providers face an urgent imperative to scale their abilities to harness an expanding array of data from disparate sources if they are to deliver cost-effective care and improve patient outcomes. The capability to quickly derive insights from clinical, operational, member-sourced and provider data drives decision making and initiatives in all critical aspects of health care operations. Sudheen Kumar, Health Chain CEO said, “We’re honored to be named as a Sample Vendor. Our team believes we that the core foundation of value-based care is based upon Payers, Providers and Patients having access to shared, accurate and complete data – regardless of whether that data is coming from systems that are internal such as the claims processing tools, EDW, or systems that are external sources such as EHRs or HEDIS.”
Gartner Hype Cycle for U.S. Healthcare Payers, 2023, published on 10, July 2023 states: “Traditional value-based payment (VBP) programs have not expanded at the rate many predicted a decade ago. This was due to their cumbersome administration and limited visibility into real-time performance. In contrast, NGVBP (Next-generation value-based payment) employs advanced data and analytics to address these challenges. NGVBP can model complex attribution scenarios, streamline data sharing, promote health equity and report performance in near real time. These capabilities built on NGVBP will improve the total experience of program participation and population health.”
Gartner, Hype Cycle for U.S. Healthcare Payers, 2023, Mandi Bishop, Connie Salgy, Austynn Eubank, 10 July 2023. GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Health Chain
Health Chain, a health data technology innovator founded in 2019, connects Patients, Health Plans and Providers. Our FHIR®-driven data platform; ingests, integrates, cleanses and ultimately applies clinical, claims, demographic, regulatory, credentialing and other data needed to optimize health care delivery. This leading-edge platform ingests data from disparate sources spanning the entire healthcare ecosystem, normalizes it and consolidates enriched, curated data under a universal longitudinal record at the individual member level. Health Chain make these records accessible to payers, providers and plan members to support better clinical and analytical decision making. Used by several Blue Cross Blue Shield Plans, our open network of more than 80 payers leverage our platform and advanced analytics technology suite to unlock insights and drive increased value for payers, patients and providers. Health-Chain.io
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