NextHealth Hosts Executive Advisory Council to Explore Ways to Improve Health Outcomes While Reducing Costs

 

NextHealth Hosts Executive Advisory Council to Explore Methods for Improving Health Outcomes While Reducing Costs Through Advanced Analytics

Creating Sustainable Competitive Advantage in Healthcare through Insights-Driven Decisions

FOR IMMEDIATE RELEASE

Denver, CO – Monday, September 24, 2018. NextHealth Technologies, which helps healthcare organizations know what works to drive faster and better business decisions, reduced costs, and improved outcomes, today announced that its Fall Executive Advisory Council meeting is being held in Chicago, Illinois at Microsoft’s Technology Center September 24-25, 2018.

Leaders from national, regional, and blues health plans as well as regional hospitals will convene to discuss the value of advanced analytics in driving outcomes and reducing medical spend. They will also review and evaluate best practices for addressing cultural change and adoption of advanced analytics in healthcare.

During the previous meeting, executives from 10 leading health insurers representing over 25% of the insured U.S. population identified key priorities including:

  • Measurement and optimization through advanced analytics is important and budgeted for by the attending health plan executives.
    • Respondents allocated an average of 33% of their analytic budgets to measurement and optimization, followed by predictive modeling (28%) and provider analytics (21%).
  • Siloed technologies, inconsistent methodologies, and processes are hindering development of scalable program evaluation in health plans.
    • Respondents indicated that workflow-integrated platforms that leverage diverse, clean data and advanced algorithms are needed to make decisions faster, cheaper and more effectively.

In this Council session, attendees plan to address how to practically transform healthcare organizations to keep up with the pace of change and possibilities that empowered consumers, big data and advanced technologies bring.

“Our Executive Advisory Council was created to bring together future-focused industry leaders who are committed to addressing complex healthcare challenges,” said Eric Grossman, CEO of NextHealth Technologies. “Everyone agrees that we need to make better decisions faster. This group of leaders is at the forefront of defining how we do that effectively.”

The NextHealth Executive Advisory Council is an invitation-only think tank that brings together healthcare thought leaders to determine how advanced analytics can improve outcomes, enhance program effectiveness, and deliver transformative cost savings. For more information regarding the Council and the 2018 survey on Creating Sustainable Competitive Advantage in Healthcare Through Measurement and Optimization, visit https://nexthealthtechnologies.com/advisors/know-what-works-to-control-healthcare-costs/

About NextHealth Technologies 

Go beyond insights to Know What Works™. NextHealth’s analytics platform measures and optimizes health plans’ clinical and consumer program spend to drive faster and better business decisions, reduced costs, and improved outcomes. Our intuitive and automated SaaS solution utilizes scientifically rigorous methodologies and standardized processes, enabling a culture of measurement. NextHealth’s platform scales to improve any existing program and is deployed with expert services to develop and optimize new programs such as ER reduction, closure of gaps in care, chronic disease state management and more. NextHealth’s platform currently serves over 25 million members for enterprise healthcare clients. For more information, visit nexthealthtechnologies.com or follow NextHealth on Twitter @nexthealthtech

 

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For media inquiries:

NextHealth Technologies
Christine Viera
Vice President of Marketing
[email protected]
720-575-6494


Sonu Kansal

Sonu Kansal, Chief Product Officer

As Chief Product Officer at NextHealth, Sonu oversees product, engineering and analytics. Sonu offers 20 years of experience building software for some of the largest global industries.

Prior to NextHealth, Sonu served as Vice President of Products and Engineering at Google and Yahoo! At Yahoo!, Sonu led product management and engineering teams for some of the largest data initiatives used within Yahoo!’s media brands. These brands included Yahoo Health and Lifestyles, Yahoo News, Yahoo Finance, and the Yahoo Contributor Network, an evolution of Associated Content, an online media company.

Kansal began his career as a senior platform engineer at Sony before joining SonicNet which was shortly thereafter acquired by Viacom’s MTV Interactive Networks, where he served as the Director and VP of Technology.

Education:
Kansal holds a Masters of Sciences in Management and a Bachelors of Sciences in Information Technology from the Colorado State University where he graduated summa cum laude.

EXECUTIVE LEADERSHIP

Blue Cross of Idaho and NextHealth Technologies Sign Healthcare Analytics Agreement


FOR IMMEDIATE RELEASE

Blue Cross of Idaho and NextHealth Technologies Sign Agreement That Puts Advanced Analytics to Work in Improving Healthcare Value

Machine learning cloud platform expected to accelerate opportunities to improve the total cost of care for Blue Cross of Idaho customers

 

MERIDIAN, ID and DENVER, CO — Monday, September 17, 2018 — Blue Cross of Idaho, the largest health insurer in Idaho, and NextHealth Technologies, a cloud-based healthcare analytics company, announced they have entered into a multi-year platform agreement to measure and optimize clinical programs across Blue Cross of Idaho’s membership to improve outcomes and lower costs.

“Blue Cross of Idaho is dedicated to building a healthier Idaho,” said Dave Jeppesen, Executive Vice President and Chief Strategy and Innovation Officer for Blue Cross of Idaho. “We’re using data to discover what can save our members money and drive down the overall cost of healthcare. Our partnership with NextHealth Technologies will help us create better cost-savings strategies for the future.”

The NextHealth Platform will allow Blue Cross of Idaho to quickly and scientifically improve the impact of clinical and case management programs. It will also support the talented Blue Cross of Idaho team by empowering their culture of measurement, driving smarter decisions and better outcomes through machine learning and advanced analytics.

“NextHealth’s platform allows our team to quickly see the results of clinical programs, which will allow our employees to rapidly test new ideas and bring a better value to our members,” said Jeppesen.

Eric Grossman, CEO of NextHealth Technologies, added, “NextHealth is honored to support Blue Cross of Idaho’s strong commitment to data-driven decisions, and focus on industry-leading cost containment initiatives. We look forward to supporting their vision, cost saving innovations, and impact on the lives of their members.”

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About Blue Cross of Idaho

Blue Cross of Idaho, a not-for-profit mutual insurance company based in Meridian, Idaho, is a leader in delivering innovative health insurance products, services and information to more than 542,000 members. For 73 years, the company has advocated on behalf of its members to ensure they have access to high-quality healthcare at the lowest possible cost. It also serves the people of Idaho through support of community organizations, programs and events that promote good health. Blue Cross of Idaho is an independent licensee of the Blue Cross and Blue Shield Association. For more information, visit bcidaho.com.

 

About NextHealth Technologies

Go beyond insights to Know What Works™. NextHealth’s analytics platform measures and optimizes health plans’ clinical and consumer program spend to drive faster and better business decisions, reduced costs, and improved outcomes. Our intuitive and automated SaaS solution utilizes scientifically rigorous methodologies and standardized processes, enabling a culture of measurement. NextHealth’s platform scales to improve any existing program and is deployed with expert services to develop and optimize new programs such as ER reduction, closure of gaps in care, chronic disease state management and more. NextHealth’s platform currently serves over 25 million members for enterprise healthcare clients. For more information, visit nexthealthtechnologies.com or follow NextHealth on Twitter @nexthealthtech

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For media inquiries:

Blue Cross of Idaho
Bret Rumbeck
Public Affairs
[email protected]
members.bcidaho.com
208-387-6921

NextHealth Technologies
Christine Viera
Vice President of Marketing
[email protected]
720-575-6494


Podcast | Finding Answers to Real-World Healthcare Questions Faster with Dr. Scott Halpern

Finding Answers to Real-World Healthcare Questions Faster with Pragmatic Research

A Conversation with Dr. Scott Halpern, Professor of Medicine, Epidemiology, and Medical Ethics and Health Policy at the University of Pennsylvania

In this episode, Eric Grossman, CEO of NextHealth, and Dr. Scott Halpern discuss how healthcare is changing so that we know what works faster. Insurers and employers want answers to real-world questions. Pragmatic Randomized Trials and other modern research approaches can deliver them with in a much shorter time period than in the past.

For an executive summary of key topics, please read the companion blog located here.

Note: The views and opinions expressed by guests of the Analytics & Outcomes Podcast series do not necessarily reflect the policies or positions of NextHealth Technologies.


NextHealth Technologies Named in Three of Gartner’s 2018 Hype Cycle Reports

nexthealth_technologies_logo_clearspace 300


NextHealth Technologies Named in Three of Gartner’s 2018 Hype Cycle Reports

FOR IMMEDIATE RELEASE

DENVER, CO, August 16, 2018 – NextHealth Technologies, which measures and optimizes health plans’ clinical and consumer program spend to drive improved outcomes, today announced that it was named for the third year in a row as a sample vendor in three separate Gartner Hype Cycle reports: “Hype Cycle for U.S. Healthcare Payers, 2018”1 (for Healthcare Consumer Insight as a Service and Retail Analytics for Healthcare Payers ); “Hype Cycle for Healthcare Providers, 2018”2 (for Healthcare Consumer Persuasion Analytics); and “Hype Cycle for Consumer Engagement With Health and Wellness, 2018”3 (for Healthcare Consumer Insight as a Service and Healthcare Consumer Persuasion Analytics).

According to analyst Jeff Cribbs in the “Hype Cycle for U.S. Healthcare Payers, 2018”1, “Healthcare CIOs, IT leaders and analytics leaders should consider HCIaaS an emerging, and potentially crucial, component in developing their enterprise analytics strategy.”

Analyst Mark Gilbert shares, in the “Hype Cycle for Consumer Engagement With Health and Wellness, 20183”, that “HDOs and public health agencies will have to become at least as sophisticated as other consumer/retail industries in analyzing a variety of data that helps uncover root causes of human behavior. The ability to influence behavior will be the key to transformative long-term management of cost and quality outcomes.”

“Healthcare expenditure costs were at $3 trillion in 2016 and rising. That’s 17.9% of GDP. And it’s why our industry must harness the power of analytics to better engage consumers and contain skyrocketing healthcare costs. Health plan executives tell us that advanced analytics is the key to improving member experience. By knowing what works, they can decide what works or doesn’t faster, and predict optimal ways to reach and persuade consumers to change while lowering costs,” said Eric Grossman, CEO of NextHealth. “We’re very honored that Gartner has again named our company’s platform in multiple Hype Cycle reports.”

[1]  Gartner “Hype Cycle for U.S. Healthcare Payers, 2018” by Brad Holmes, Mandi Bishop, Jeff Cribbs, July 18, 2018.

[2] Gartner “Hype Cycle for Healthcare Providers, 2018” by Laura Craft, Mike Jones, July 18, 2018.

[3] Gartner “Hype Cycle for Consumer Engagement With Healthcare and Wellness, 2018” by Jeff Cribbs, Mark E. Gilbert July 20, 2018.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its 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 NextHealth Technologies

Go beyond insights to Know What Works™. NextHealth’s analytics platform measures and optimizes health plans’ clinical and consumer program spend to drive faster and better business decisions, reduced costs, and improved outcomes. Our intuitive and automated SaaS solution utilizes scientifically rigorous methodologies and standardized processes, enabling a culture of measurement. NextHealth’s platform scales to improve any existing program and is deployed with expert services to develop and optimize new programs such as ER reduction, closure of gaps in care, chronic disease state management and more. NextHealth’s NextNudge™ platform currently serves over 25 million members for enterprise healthcare clients. For more information, visit nexthealthtechnologies.com.

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For media inquiries:

NextHealth Technologies
Christine Viera
Vice President, Marketing
[email protected]