Why Relevance Health Subsidiaries are Paving the Way for Healthcare Innovation
The world is changing rapidly, and the healthcare industry is no exception. This socially essential sector has made tremendous strides in recent years towards more personalized, consumer-driven care. Still, this newfound focus on the patient’s needs and experiences has exposed a significant gap in healthcare technology and data management capabilities. Enter Relevance Health, a suite of innovative healthcare subsidiaries that are transforming the industry by bridging this very gap.
What is Relevance Health?
Relevance Health is a set of healthcare subsidiaries that function as a single solution for healthcare data management, analytics, and support. Apart from the parent company, Relevance Health has several subsidiaries, including Consensus, Prista Corporation, Chapman Consulting, and others. These subsidiaries operate in various niches, from data analytics and revenue cycle management to consulting and strategy development.
What makes Relevance Health unique?
The healthcare industry is rife with technological advancements and buzzwords like AI, blockchain, and telemedicine. Yet, despite these innovations, healthcare is still heavily reliant on manual processes and data silos. Relevance Health aims to fix this problem by using cutting-edge technology to streamline data management and analytics. The core of this approach is Consensus, Relevance Health’s proprietary digital platform that integrates data from fragmented healthcare systems into a unified, patient-centric system.
Why is this important for Healthcare Innovation?
The traditional approach to data management in healthcare often leads to silos within health systems and a lack of interoperability between different healthcare providers. This can lead to errors, redundancies, and inefficiencies that can compromise patient care. Additionally, the lack of centralized data often impedes healthcare innovation by restricting access to vital information required for research, clinical decision-making, and public health policy.
Relevance Health seeks to rectify this by offering an analytical framework that can extract insights from clinical and medical data. Prista Corporation, one of Relevance Health’s subsidiaries, even provides hospitals with a Quality and Risk Management platform to drive outcomes and ensure patient satisfaction. Chapman Consulting, another subsidiary, offers a wide range of consulting services to help healthcare organizations navigate the complexities of healthcare innovation.
Case Studies
Relevance Health’s subsidiaries have already made significant strides in healthcare innovation. For instance, Prista Corporation led a team that helped a medical center reduce its infection rates by 85% and save $1.5 million in direct costs. Another subsidiary, Aerolib Healthcare Solutions, leveraged Consensus’ data analytics and artificial intelligence capabilities to identify patients at high risk for sepsis, leading to better patient outcomes and reduced healthcare costs.
Conclusion
The healthcare industry is on the cusp of often-overdue disruption. Relevance Health is paving the way by revolutionizing how healthcare organizations manage data and capitalize on the latest technological and analytical breakthroughs. Through its suite of subsidiaries, Relevance Health is driving healthcare innovation, improving patient outcomes, and ultimately contributing to a healthier, more sustainable future.
