Verisk Health to Help Granite Healthcare Network Identify and Mitigate Healthcare Risk

WALTHAM, Mass., November 8, 2011 — Verisk Health announced that Granite Healthcare Network (GHN) has selected the Verisk Health Provider Intelligence solution to identify, manage, and reduce healthcare risk across GHN’s commercial, Medicaid, and Medicare populations. GHN, a coalition of five New Hampshire hospitals, will use the analytics solution to implement accountable care initiatives focused on optimizing service delivery. Verisk Health is a global leader in risk management solutions that help organizations improve quality and reduce costs.

“GHN hospitals joined forces to take on the challenge of delivering accountable and cost-effective healthcare.  The ability to identify and manage risk is vital to our success,” said Rachel Rowe, executive director at GHN. “We chose Verisk Health because of its recognized leadership in the healthcare risk analytics space and its proven track record for delivering actionable intelligence to at-risk providers, payers, and employers alike.”

The Provider Intelligence solution features flexible dashboards and transparent clinical and business analytics that will help inform GHN’s risk-based contracting, enable accurate performance assessment, and streamline population health management. GHN will also use Provider Intelligence to integrate medical, pharmacy, financial, and eligibility data for the purpose of implementing strategic business objectives and processes across the organization’s hospitals. These include:

  • forecasting utilization trends
  • improving clinical and financial metrics
  • assessing the illness burden of individuals and groups
  • pinpointing patients at risk for high-cost cases
  • analyzing provider practice trends and the impact on cost and risk

“GHN is a pioneer. They are willing to invest in visionary initiatives in order to fight rising healthcare costs and to improve healthcare quality,” said Mike Coyne, chief executive officer at Verisk Health. “Verisk Health is excited to support GHN on this journey. Helping create clinical value by improving quality and reducing waste is our core strength.”

About Verisk Health
Verisk Health, a subsidiary of Verisk Analytics (Nasdaq:VRSK), helps organizations identify, manage, and mitigate healthcare risk to improve quality, reduce costs, and maximize profitability. Our data-driven risk assessment technologies and business decision analytics enable clients to proactively seize opportunities for improving clinical, financial, and performance results. Our solutions optimize the efficiency of key business objectives, including care management; risk identification and stratification; HEDIS compliance; benefit program measurement; fraud, waste, and abuse prevention; payment accuracy; and revenue cycle management. For more information, please visit www.veriskhealth.com.

About Granite Healthcare Network (GHN)
GHN is a network of charitable organizations with more than 500 physicians that is leading the transformation of healthcare delivery in New Hampshire by leveraging collective intellectual and clinical resources. The member hospitals — Concord Hospital, Elliot Hospital, LRGHealthcare, Southern New Hampshire Medical Center, and Wentworth-Douglass Hospital — have joined forces to implement innovative initiatives focused on improving quality, cost-effectiveness, and access to care.

Release: Immediate

Contact:
Trish Tarantino
Verisk Health
781-693-3784
ttarantino@veriskhealth.com