Despite numerous studies illustrating the critical link between socioeconomic and behavior factors on patient heath, most providers still aren’t incorporating them into their care decisions.
BOSTON (PRWEB) January 23, 2019
Waystar, a leading provider of cloud-based revenue cycle technology, today announced that they have been selected by MassHealth to provide social determinant of health risk scoring for MassHealth members. Through this partnership, Waystar and MassHealth will identify potential ways to strengthen MassHealth’s risk adjustment model, as well as evaluate the impact of targeting specific social determinants of health.
Waystar will leverage its Whole Patient Insight ® solution to provide access to patient-specific social determinant risk profiles and predictive analytics. This solution gathers and analyzes patient data to provide individualized risk scores along multiple social determinant of health dimensions, including access to transportation, access to healthy food, health literacy, and financial stress.
“Despite numerous studies illustrating the critical link between socioeconomic and behavior factors on patient health, most providers still aren’t incorporating them into their care decisions,” said Matt Hawkins, CEO of Waystar. “Waystar solves this problem by aggregating public, commercial, and clinical data to give providers a better assessment of the true patient risk so they can provide more proactive and targeted care.”
Incorporating this Whole Patient Insight® into MassHealth’s risk adjustment models will help identify key trends in the sociodemographic makeup of MassHealth members and provide invaluable insight into underlying drivers of patient behaviors and outcomes.
Waystar is a leading provider of technology that simplifies the healthcare revenue cycle to improve the financial health of their clients. Waystar's innovative technology allows clients to collect more with less cost and less stress, so they can focus on their goals, patients and communities. Waystar has scored Best in KLAS® every year since 2010 and earned multiple #1 rankings from Black Book™ surveys since 2012. The Waystar platform supports more than 450,000 providers, 750 health systems and hospitals, and 5,000 payers and health plans. For more information, visit waystar.com, or follow @Waystar, on Twitter.