What You Should Know:
- Trilliant Health, the leading provider of data-driven strategy analytics for the health economy, announced the launch of Network Explorer, a point-and-click application to manage network performance.
- Network Explorer enables stakeholders across the health economy to form evidence-based strategies to improve their network performance. Limited to their own data, no health economy stakeholder has a full picture of the scope of physician-patient interactions, leaving them exposed to unknown and, therefore, unaddressable network misalignment.
Empowering Stakeholders: Leveraging the Network Explorer Tool for Enhanced Health Economy Alignment
Stakeholders in the health economy are subject to unknown and, therefore, unaddressable network misalignment since they are limited to their own data and do not have a complete picture of the spectrum of physician-patient interactions. Physician decisions have a direct impact on the financial performance of a wide range of stakeholders, for which the Network Explorer tool is intended to enable use cases. Using Network Explorer, users can:
1. Boost Provider Alignment: Monitor referrals both inside and outside of a network to spot potential for partnerships with independent organisations and misalignment with affiliated providers.
2. Find Gaps in the Network: To guide long-term growth goals, examine how network alignment varies throughout specialties, procedure codes, health plans, and treatments.
3. Benchmark Against Rivals: Examine competing networks’ volumes and referral trends to find tactical openings for successful competition.
“Every physician-patient interaction affects the network performance of every health economy stakeholder, whether they know it,” said Hal Andrews, Chief Executive Officer for Trilliant Health. “Referrals to other providers are made, or not. Referrals are made ‘in-network,’ or not. The U.S. health economy is simply the aggregation of millions of small decisions that are made, or not, every day. Every health economy stakeholder’s network performance depends on how many of those decisions were favorable to their business, or not.”