Milliman MedInsight, a leading provider of healthcare data and analytics, has officially announced the launch of its next-generation data lake and data warehouse architecture, which is designed to help healthcare organizations fully utilize their data, and therefore, more quickly address complex healthcare challenges. More on the same would reveal how this development brings to the fore new Milliman MedInsight Health Cloud to let health plans, Accountable Care Organizations (ACOs), providers, and health systems identify opportunities for the purpose of improving cost efficiency and clinical outcomes.
Talk about Milliman MedInsight Health Cloud, it is understood to feature efficiency and agility enhancements through strategic alliances with Databricks and Microsoft Azure. As a result, the solution is able to serve as a powerful single-source-of-truth for analyzing cost, utilization, financial, and clinical data. Furthermore, these collaborations, on their part, also enable the integration of advanced technologies and Milliman methodologies, thus positioning Milliman MedInsight as the foremost authority on healthcare claim analytical processing and data management governance.
Beyond that, we ought to mention how the solution is powered by MedInsight Data Confidence Model (DCM), a validated approach which assures the accuracy, reliability, and clarity of healthcare data. Not just that, it is also engineered to meet the highest standards of security and compliance, including HITRUST and SOC 2 certifications, powering both the VBC Platform and Payer Platform.
“Our commitment to innovation is pivotal in ensuring that our customers receive timely and reliable data insights across their organizations and among various healthcare stakeholders,” said Kent Sacia, Principal and CEO, at Milliman MedInsight. “By optimizing our performance and analytical capabilities, we can empower organizations to accelerate digital transformation, advance value-based care (VBC), and more readily adopt artificial intelligence (AI).”
Turning our attention towards the benefits of leveraging Milliman MedInsight Health Cloud, it begins from maximized speed to insight. You see, Milliman MedInsight’s strategic investment in cloud infrastructure significantly enhances operational efficiency, and it does that by reducing data processing times from days or weeks to mere hours. Such an accelerated processing capability should allow healthcare organizations to access critical data more quickly, and therefore, accelerate their decision-making, as well as achieve responsive healthcare delivery. Next up, we have the promise of flexible data ingestion and delivery. Here, Milliman MedInsight empowers customers by accommodating a wide range of data types and offering the flexibility to independently create and execute their own models. The stated arrangement eliminates the need for third-party involvement so to streamline processes and conserve both time and resources.
Joining the mix would an assortment of enhanced customization options that make it possible for you to shed the traditional Software as a Service (SaaS) data warehouse model. Instead, this new MedInsight Health Cloud solution adopts a Platform as a Service (PaaS) approach. By doing so, it modernizes the infrastructure and enhances flexibility for users. Furthermore, it allows customers to customize and manage their data environments more directly and efficiently.
Finally, our last piece of highlight is rooted in the solution’s AI-ready infrastructure. This translates to how it can support historical analytical grouper methodologies, next-generation AI, and machine learning (ML) technologies. Given the dual capability, users can leverage proven historical data analysis techniques, and at the same time, bank upon the latest advancements in AI and ML for more complex, predictive analytics.
Founded in 1998, Milliman MedInsight’s rise up the ranks stems from being a leading provider of healthcare data and analytics. At present, the company delivers deep industry expertise and advanced technology to conceive actionable insights into healthcare utilization, costs, quality, and performance. Milliman MedInsight’s excellence in what it does can also be understood once you consider it is trusted by more than 300 payers, providers/ACOs, employers, and government agencies worldwide.
“We are thrilled to introduce the new Milliman MedInsight Health Cloud, a testament to our commitment to innovation and excellence in healthcare data analytics,” said Iyibo Jack, Principal and Executive Vice President of Product Development at Milliman MedInsight. “By leveraging Milliman’s 75 years of healthcare and actuarial experience with our enhanced capabilities, we unlock new opportunities for customers to overcome their data challenges.”
