UPDATE -- Covisint Launches Alliance With Milliman, Inc.
DETROIT, Feb. 28, 2013 (GLOBE NEWSWIRE) -- Covisint, a Compuware (Nasdaq: CPWR) company, today announced a new alliance with Milliman, Inc., a premier global consulting and actuarial firm. Milliman's innovative opportunity-based population analytics capabilities will now be integrated into the Covisint Healthcare platform, extending Covisint's population and risk management capabilities as a catalyst to help accountable care organizations (ACOs) achieve their full potential.
ACOs traditionally lack the ability to predict cost implications and savings, which has been a barrier to gaining provider support and engagement. By delivering predictive analytics at the point of care, ACOs can address key business and financial challenges.
"The relationship with Covisint makes Milliman's opportunity-based population analytics available at the point of care," said Art Wilmes, FSA, MAAA and a Principal and Consulting Actuary for Milliman. "This relationship expands Milliman's ACO offerings—which include actuarial and healthcare consulting as well as financial and clinical analytics—by helping ACOs to use additional care management to reduce avoidable costs in patient populations. Rather than just identifying the highest-cost patients, our approach focuses on the optimal deployment of care management teams and on identifying opportunities to 'bend the cost curve.'"
"This alliance will help ACOs achieve critical goals, in particular by satisfying their need to improve their quality of care and avoid unnecessary costs. Our alliance with Milliman extends Covisint's ability to drive deep value to the accountable care equation as we are now able to identify chronic populations, predict outcomes and conduct population health management," said Steve McDonald, Vice President of Healthcare for Covisint. "This is a powerful differentiator that, we believe, nobody else can do, and it reflects Covisint's continued commitment to bring innovative healthcare solutions to market through our cloud-based platform."
Covisint Healthcare meets healthcare organizations where they are in their technology adoption, enabling them to mature into a fully functioning, clinically integrated community with multi-system integrations and advanced, predictive analytics. Covisint delivers high value to accountable care stakeholders by supporting a comprehensive health information technology roadmap that fills the gaps left by existing technology investments. Covisint's agnostic platform enables the free, secure flow of information with the customer in full control, helping healthcare providers avoid being reliant upon one vendor, payer or HIE. And, Covisint Healthcare works with or without an existing EMR system.
The new Covisint Healthcare platform will be demonstrated live at the HIMSS13 conference in New Orleans, March 3 – 7, 2013.
Covisint, a Compuware Company
Covisint provides the leading cloud engagement platform for creating and enabling new mission-critical external business processes. Our solutions enable organizations to connect, engage, and collaborate with the critical external audiences that define their success--including customers, business partners and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and it provides the kind of engaging information experiences that people everywhere have come to expect. Learn more at www.covisint.com.
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Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.
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Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.