Innovaccer Inc., the healthcare AI platform company, announced the launch of its enhanced quality management solution to help accountable care organizations (ACOs) meet eCQM (electronic Clinical Quality Measures) guidelines for quality reporting requirements. The announcement comes as CMS implements changes starting in 2025 for how MSSP ACOs report quality measures.
In addition to the enhanced analytics solution suite launched at HIMSS24, Innovaccer’s upgraded quality management solution actively tracks performance facilitating timely gap closures and ensuring seamless flow of data through optimized worklist management to enable the delivery of high-quality patient care. With its AI-powered predictive models, the solution will help ACOs define the best outreach channel for any members with the goal of maximizing gap closure. Its enhanced analytics and reporting capabilities will help the processing and submission of both eCQMs and MIPS CQMs (Merit-based Incentive Payment System Clinical Quality Measures) enabling providers to remain compliant with CMS Quality Reporting initiatives and manage eCQMs more efficiently.
Innovaccer is also on track to receive ONC certification for eCQM calculation and reporting from the Office of the National Coordinator for Health Information Technology (ONC) by the end of April. This certification will add the capability on the Innovaccer platform to process eCQMs, enabling ACOs to ingest QRDA I files and generate the aggregated QRDA III reports/JSON files for submission of eCQMs. Additionally, Innovaccer announced a partnership with Healthmonix, a leading healthcare technology company specializing in MIPS reporting and value-based care analytics. This partnership will further facilitate efficient reporting for value-based care, programs such as MIPS, and MACRA, empowering ACOs to improve patient outcomes and maximize the value of care delivery.
The launch of new financial analytics and healthcare AI models at HIMSS24 will further enable ACOs and providers to get essential insights to improve performance across quality, risk, cost, and utilization metrics. The solutions offer essential tools to improve contract negotiations by simulating contract terms and enable ACOs to track and monitor year-end earnings and quality incentives, to identify optimal interventions for maximum earnings and improve overall clinical, financial, experiential, and operational performance.
“We are excited to announce our AI-driven quality management and financial analytics capabilities at the NAACOS conference. ACOs are actively looking for a solution that can help them transition to the updated reporting guidelines without downtime or affecting patient care,” says Kanav Hasija, cofounder and CPO at Innovaccer. “These enhanced solutions empower ACOs to streamline eCQM submissions and improve financial outcomes across risk programs. They provide advanced analytics tools for gathering, assessing, and packaging quality measures in compliance with the latest CMS mandates. Innovaccer can enable MSSP ACOs to complete the onboarding within 2 weeks using the standard templates on the platform.”
Since 2016, our solutions have helped ACOs generate more than $1.5 billion in cumulative cost savings across value-based and commercial lines of business. Currently, our population health management solution suite and analytics capabilities are being used by over 35 MSSP ACOs and more than 15 ACO REACH participants across the two CMS programs.
Learn more about Innovaccer’s quality management solution, financial analytics capabilities, and Innovaccer InScribe.
Visit Innovaccer at booth T during the NAACOS Spring Conference on April 10–12, 2024, to learn more about our quality management and analytics products.
About Innovaccer
Innovaccer is the data platform that accelerates care innovation through innovative AI technologies. Innovaccer’s AI-powered healthcare platform unifies patient data across systems and care settings, and empowers healthcare organizations with scalable, modern applications that improve clinical, financial, operational, and experiential outcomes. Innovaccer’s EHR-agnostic solutions have been deployed across more than 1,600 hospitals and clinics in the US, enabling care delivery transformation for more than 96,000 clinicians, and helping providers work collaboratively with payers and life sciences companies. Innovaccer has helped its customers unify health records for more than 54 million people and generate over $1.5 billion in cumulative cost savings. The Innovaccer platform is an industry-leading data and analytics platform, the Best in KLAS CRM solution, and the #1 rated population health technology platform by Black Book. For more information, please visit innovaccer.com.
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