The company leverages a range of solutions to enhance the
patient experience and operational efficiencies
SANTA CLARA, California and ATLANTA, Nov. 19,
2019 /PRNewswire/ -- Based on its recent analysis of
the US healthcare data analytics market, Frost & Sullivan
recognizes LexisNexis® Risk Solutions with the 2019
US Innovation Excellence Frost Radar Award. The company leverages
an advanced analytics architecture that leverages unique data
assets including social determinants of health, claims, and
provider data to facilitate decision making that impacts
operational efficiency, compliance, growth strategies and patient
engagement. This innovation has enabled the company to establish a
strong footprint across the healthcare ecosystem.
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"A part of RELX, LexisNexis Risk Solutions is a leading data
analytics and technology company offering services to multiple
industry sectors, including healthcare. It has established a
competitive advantage with its demonstrated abilities to reduce
financial risk, enable regulatory compliance, increase patient
engagement, and optimize outcomes for a diverse set of US clients,"
said Koustav Chatterjee, Industry Analyst, Frost & Sullivan.
"Its healthcare clientele covers the entire healthcare ecosystem,
including payers, providers, pharmacies, and pharmaceutical
companies."
The LexisNexis Risk Solutions Health Care business has pioneered
social determinants of health analytics with its Socioeconomic
Health Score solution, which helps healthcare organizations
understand health barriers and risk more holistically with the goal
of improving care management and patient engagement
outcomes. It also pioneered the Enterprise Master
Patient Index approach with its LexID® solution,
which matches patient records and provides a persistent key that
follows a patient identity throughout its evolution and
journey.
Furthermore, the company supports large healthcare enterprises
with its VerifyHCP® product, which manages provider
information accuracy and attestations feeding provider directories.
"Following the success of these technologies, the LexisNexis Risk
Solutions Health Care business is well-positioned to introduce
consumer-centric analytics tools that automate payer and provider
decisions impacting operations, compliance and most importantly the
overall patient experience," noted Chatterjee.
The Innovation Excellence best practice is bestowed upon
companies that are industry leaders reinventing themselves through
R&D investments and innovation. These may be companies that are
entering a new market and contend for leadership through heavy
investment in R&D and innovation.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis, and extensive secondary research to identify best
practices in the industry.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become
world-renowned for its role in helping investors, corporate leaders
and governments navigate economic changes and identify disruptive
technologies, Mega Trends, new business models and companies to
action, resulting in a continuous flow of growth opportunities to
drive future success. Contact us: Start the discussion.
Contact:
Lindsey Whitaker
Frost & Sullivan
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and
advanced analytics to provide insights that help businesses and
governmental entities reduce risk and improve decisions to benefit
people around the globe. We provide data and technology solutions
for a wide range of industries including insurance, financial
services, healthcare and government. Headquartered in metro
Atlanta, Georgia, we have offices
throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a
global provider of information-based and analytics and decision
tools for professional and business customers across industries.
For more information, please visit www.risk.lexisnexis.com and
www.relx.com.
Contact:
Yuliya Kutuzava
KNB Communications on behalf of LexisNexis® Risk Solutions
203.504-8230 ext. 131
ykutuzava@knbcomm.com