MOUNTAIN VIEW, Calif.,
Sept. 27, 2016 /PRNewswire/
-- Optum, the health services and innovation business unit of
UnitedHealth Group (NYSE: UNH), has earned Frost & Sullivan's
Company of the Year Award for the population health management
(PHM) market. While more than 100 health care IT companies comprise
the U.S. population health management market today, most serve only
specific PHM segments. Optum serves all category participants –
ranging from health care providers to commercial health plans – and
was chosen as best-in-class for its robust analytics, preferred PHM
vendor status, financial performance and best practices for health
plans, care providers and other stakeholders.
Based on its recent analysis of the population health management
(PHM) market, Frost & Sullivan noted that Optum excels in
offering PHM solutions for both health care provider and health
plan organizations. Best-in-class companies "address not only
present PHM needs, but also direct their efforts to constantly
evolve to cater to market transformation. They offer secure,
interoperable, and highly customized solutions that monitor,
predict, and manage patient conditions across the continuum of
care," according to a recent Frost & Sullivan report, available
via this link:
https://www.optum.com/campaign/al/frost-and-sullivan.html
"Optum provides superior connectivity and a HIPAA-compliant care
coordination infrastructure that connects with all major care
providers, regardless of their underlying technology platforms,"
said Frost & Sullivan Industry Analyst Koustav Chatterjee.
"Since its care coordination technology is cloud-based, care
providers enjoy unmatched scalability and receive the benefits of
periodic upgrades."
At the same time, many commercial insurers are devising
consumer-centric health plans that provide incentives for
preventive, value-based care while ensuring business success,
according to Frost & Sullivan. "Optum ensures that every payer
organization is effectively assessing industry transformation and
re-engineering business propositions in accordance with the
changing healthcare landscape," the report noted.
Frost & Sullivan also found that Optum solutions support
organizations across the PHM value chain. For example, Optum's data
and analytics capabilities provide insight to define populations,
identify gaps in care, stratify risk, engage patients, manage care
and measure outcomes. Optum soon will be launching a managed
services model for analytics and population health (Managed Value
and Risk Analytics) that will combine its data, technology,
advisory services, and global operations to partner with care
providers and health plans to help them exceed performance criteria
under value-based reimbursement contracts.
Finalists for the Company of the Year Award were judged on their
ability to be recognized as a leader not only in their industry,
but among non-industry peers as well, the report said. It requires
a company to demonstrate excellence in growth, innovation, and
leadership.
"Optum, while participating in a contested market, has created a
demand for its technologies and services. The company is equally
versed to draw evidence from payers, providers, employers and
consumers. Its holistic healthcare approach is highly receptive to
progressive healthcare entities that are transitioning to various
risk or value-based healthcare ecosystems," the report noted.
Each year, Frost & Sullivan presents this award to the
company that has demonstrated superiority in devising and
implementing a strong growth strategy. Recipients have shown
strength in terms of innovation in products and technologies,
leadership in customer value, as well as speed in response to
market needs. In short, the award looks at the emerging
participants in the industry and recognises their best practices
that position them for future growth.
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 Optum
Optum is a leading information and
technology-enabled health services business dedicated to helping
make the health system work better for everyone. With more than
115,000 people worldwide, Optum delivers intelligent, integrated
solutions that help to modernize the health system and improve
overall population health. Optum is part of UnitedHealth Group
(NYSE:UNH). For more information, visit http://optum.com.
About Frost & Sullivan
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SOURCE Frost & Sullivan