Cedar Gate Technologies: A “Cool Vendor.”
How Gartner selects cool vendors:Every year, Gartner selects sets of Cool Vendors — up-and-coming technology providers — across a wide range of industry and functional domains. These vendors' innovative technologies, value propositions and business models will not be suitable for every enterprise's needs. But for those so inclined, the offerings of these companies are well worth evaluating.
What’s cool about Cedar Gate Technologies (Cedar Gate):Cedar Gate Technologies is not just a technology company, but is also an advanced analytic company with an unconventional application of predictive and prescriptive analytics to value-based care performance management.
Cedar Gate’s recently introduced ISAACTM system (an Intelligence System for Advanced Analytic Computing), is aimed at improving the performance of healthcare delivery systems – in essence “fixing-the-healthcare-factories” – and reducing the number of patients at-risk or with gaps-in-care.
Unlike population management systems, whose aim is to perfect disease registries, clinical segmentations, patient risk-profiles, etc. and provide a patient list to pursue via care management, ISAAC's aim is to identify and fix systemic financial, network and clinical issues within the healthcare delivery system itself. Each improvement will affect thousands of patients and save millions of dollars. Each improvement will be substantial and sustainable. It is a perfect front-end complement to population health management.
ISAACTM utilizes a cloud-based analytics environment to load claims, value-based contract financial details, and provider cost and quality information. Its analytic framework combines actuarial methodologies, existing contract prices and care utilization data to predict and prescribe performance improvement opportunities. It has achieved a predictive accuracy of 99.4%.
How cool helps you:Cedar Gate Technologies’ ISAACTM system will enable healthcare entities at risk for the healthcare dollar to disrupt their positions in the healthcare value chain and capture a larger share of economic returns.
What results is a new value-based performance management system with the predictive and prescriptive capabilities model, predict and manage risk-based contracts, lower medical loss ratios and improve the quality and cost of care of any healthcare delivery system.
Healthcare entities get the analytic capabilities and system they need to possess to succeed under the new risk-based performance and payment models.