TORRANCE, Calif. – February 25, 2014 – Keenan, the largest privately held insurance brokerage and consulting firm in California, has partnered with MedeAnalytics as the strategic data analytics provider for the firm’s KeeMed healthcare data analytics and consulting service. MedeAnalytics’ cloud-based platform aggregates and normalizes data across multiple sources, delivering it in an intuitive format that inspires clear and actionable insights into revenue, cost, quality and risk for both health plans and providers.
Through the KeeMed data warehouse, Keenan provides healthcare-focused reports that identify medical costs and utilization by disease category, place of service, leakage to other hospitals and other critical management factors. Keenan’s experience and data resources as a third-party administrator underlie its expertise in comparing client experiences and trends to the KeeMed data warehouse containing benchmark utilization and cost data on over 50,000 California hospital employees and dependents.
“Actionable data is essential for success in all aspects of today’s rapidly evolving health care environment,” said Henry Loubet, Chief Strategy Officer for Keenan. “Our partnership with MedeAnalytics ensures that we have access to very accurate, reliable information that supports strategic consultations and guidance with our healthcare clients.”
For example, using KeeMed reports, Keenan can assist a hospital system client in identifying the types of inpatient and outpatient services that employees are utilizing at its facilities as well as those at competing facilities. This kind of critical data can be used to structure more productive and efficient service offerings among hospitals in a given area as well as optimizing the utilization of each facility’s resources.
“Our employer reporting solution provides organizations like Keenan with powerful analytic tools to enhance the consulting and benefit design work with their customers. With healthcare changing at such a rapid pace, proactively using analytics is more important than ever,” noted Karen Mitchell, Group Vice President at MedeAnalytics.
The healthcare industry is undergoing profound change, accelerated by the passage of health care reform (notably the more far-reaching provisions of bundled payments, value-based purchasing and accountable care organizations). Keenan and MedeAnalytics help organizations thrive in this dynamic and challenging environment by aggregating data from disparate sources and delivering relevant information in a timely, accurate and prescriptive manner.
Founded in 1972, Keenan is the 17th largest insurance consulting and brokerage firm in the U.S., and the largest independent broker in California. Keenan is dedicated to providing superior insurance products and services to schools, community colleges, healthcare organizations and municipalities for employee benefits, health benefit management services, workers’ compensation, risk management, and property and liability. With headquarters in Torrance, CA, Keenan has a staff of more than 650 insurance specialists and branch offices in Riverside, San Clemente, Oakland, San Jose, Rancho Cordova, Redwood City, Pleasanton and Eureka. For more information, call 800-654-8102 or 310-212-3344, email firstname.lastname@example.org or visit www.keenan.com.
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and payers to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to analyze more than 21 billion patient encounters in the United States and United Kingdom, providing better care to more than 30 million patients and better business for 900 healthcare organizations. For more information, visit www.medeanalytics.com.