ALBUQUERQUE, N.M. — Presbyterian Healthcare Services has hired MedeAnalytics to mine its information mother lode to support its business goals.
The eight-hospital healthcare organization, which includes a statewide health plan and multi-specialty physician group, said that California-based MedeAnalytics will help Presbyterian use data more effectively to improve financial, clinical and operational outcomes across the its system.
The financial terms of the deal, a three-year contract with MedeAnalytics, were not disclosed.
“As healthcare becomes more complex, having unified reporting and analytics tools becomes increasingly important to our work to care for those we serve,” said Soyal Momin, vice president of analytics for Presbyterian.
Analytics is the discovery, interpretation, and communication of meaningful patterns in data. Firms may apply analytics to business data to describe, predict, and improve business performance.
“We are excited to embark on this strategic partnership and help Presbyterian achieve its care management and revenue cycle goals,” said Andrew Hurd, CEO of MedeAnalytics.
The technology collaborator will also help Presbyterian chart ways to better contain costs and evaluate the viability of specific lines of business.
The payoff for patients will better health in the long term, said Momin.
The initiative may include a ramp up in employment on the information technology side, said Momim. “We’re looking to hiring some unique talent” geared to healthcare analytics.