Healthcare Business Intelligence - INDICES

INDICES®: Business Intelligence Solution Suite

Leveraging cloud-based, modular platforms, advanced analytics and industry-leading data sets, Inovalon’s INDICES® Data Visualization and Reporting platform supports organizations across the healthcare ecosystem in making more informed, strategic decisions to drive improved quality outcomes, utilization efficiencies and financial performance.

INDICES® delivers best-in-class dashboard, scorecard, reporting and adhoc queries within one integrated solution to provide greater visibility, faster time to value, and the ability to:

  • Analyze: Gain actionable insights through predictive and comparative analytics at the organization, provider, and member/patient level.
  • Track: Track key performance indicators (KPIs) that drive outcomes, quality, performance, utilization and costs.
  • Customize: Customize reports for various organizations, categories and populations.
  • Improve: Support improved decision making and performance through enterprise level business intelligence.
  • Compare: Enable apples-to-apples comparison of outcomes and performance.

Inovalon’s intuitive and flexible INDICES® dashboards offer a single source of truth to support healthcare organizations of all types in the transition to value-based care. With its comprehensive drill down capabilities and ability to deliver on highly granular inquires, the INDICES® data visualization and reporting platform supports a deeper level of data transparency within and among healthcare organizations by offering timely, actionable insights into:

Quality Outcomes

The INDICES® Quality Outcomes Dashboard allows healthcare organizations to gain a deeper understanding of membership, clinical and quality outcomes, and quality measure performance against trends and benchmarks to help drive improved quality gap closure and financial performance. With the ability to capture data and information in a real-time view, organizations are able to monitor:

  • Current and Projected Performance: Allows for better understanding of provider level and plan performance and trends against benchmarks and across dates of service and a diverse set of metrics.
  • Patient and Provider Populations: Offers insight into different populations, with the ability to quickly drill down into patient and provider specific details.
  • Measure Performance: Supports a more in-depth view and examination of differences in measure performance by various demographics, including gender, age and geography.

Cost and Utilization

Through the INDICES® Cost and Utilization Dashboard, healthcare organizations can see at a glance where and how resources are being deployed within their organization and across their network. With more informed insight into provider networks, medical and pharmacy outcomes and industry-standard metrics, organizations are better equipped to drive meaningful improvements in patient care and financial performance, including:

  • Understanding Cost Drivers: Allows for better management of costs and spending.
  • Analyzing Care Models: Provides network analysis and models alternative network design options.
  • Determining Care Plans: Aids development of most appropriate and efficient care plans and settings.

Intervention Strategies

The INDICES® Member/Patient Targeting Dashboard offers a real-time view of member/patient quality and risk adjustment accuracy gap counts at the provider and provider network level to help drive improved financial performance and appropriate care. Healthcare organizations can gain key insights and opportunities related to:

  • Member/Patient Gap Trends: Allows for transparency into where the quality and risk adjustment accuracy gap counts are with each patient or provider.
  • Increased Efficiency: Opportunities for increased efficiency and determining optimal resource allocation.
  • Determining Care Plans: Aids development of most appropriate and efficient care plans and settings.

Risk Adjustment

The INDICES® Risk Adjustment Dashboard provides insight into risk score trends, benchmark comparisons and efficiency metrics for member populations and provider networks to drive increased efficiency and effective business management. Healthcare organizations can view granular details about enrollment, plan beneficiary package, contract numbers and Medicaid dual status code, and create custom views as necessary, enabling a better understanding of:

  • Financial Performance: Risk score trends, comparisons and financial performance discovery.
  • Patient and Provider Populations: Offers insight into different populations, with the ability to quickly drill down into patient and provider specific details.
  • Current and Projected Performance: Allows for better understanding of provider-level and plan performance and trends against benchmarks and across dates of service and a diverse set of metrics.