SOURCE: CareFacets

CareFacets

October 31, 2016 08:09 ET

CareFacets Launches CFAN Big Data Analytics Platform for All Aspects of Healthcare Big Data Management

Platform built to help payer, provider and health system communities simplify diverse array of datasets

ATLANTA, GA--(Marketwired - Oct 31, 2016) - CareFacets announced today the launch of CFAN™, a big data analytics platform designed for processing large volumes of structured, semi-structured and unstructured healthcare data that is transformed and analyzed using a variety of data management techniques and user configurable business rules. The platform is built to integrate diverse sets of healthcare data, including medical and pharmacy claims, self-reported data, device-captured biometric data, EMR data and other healthcare engagement data. CFAN can be easily integrated with other cloud applications in the IT infrastructure, allowing healthcare entities to easily manage, visualize and analyze massive data stores from numerous sources.

The platform addresses all aspects of big data management in healthcare, including:

  • Data control, profiling and integration
  • Data contextualization using healthcare industry domain models
  • Parametrized and configurable rules and operators
  • Data transformation and interpretation using a variety of techniques, such as statistical modeling, machine learning and graph processing
  • Business Intelligence and data visualization

Healthcare data domains include member demographics, medical history and patient encounter history, as well as socio-economic, biometric and genetic profile data. The platform can also capture provider details, such as demographics, credentials, patient engagement history, prescribing patterns, geo-spatial information and provider affiliations. The power of the rule-authoring capability within CFAN provides added flexibility to customize and configure rules against which the data may be processed. 

"The ability to connect and integrate these vastly diverse data sets at any scale, and to visualize them in multiple contexts, creates an unparalleled opportunity for our customers to experience a more efficient information ecosystem that is scalable and easy to use," said Madan Moudgal, Founder of CareFacets. "With CFAN, a healthcare enterprise can conceive of, and implement, powerful data analytics-based tools in a fraction of the time it would take to build a custom platform, tapping into valuable clinical and strategic insights where they're needed most urgently." 

CFAN currently supports a Member Attribution capability, a cornerstone of many Value-Based Reimbursement strategies employed by health plans and health systems alike. In addition, CFAN enables a Real-World Evidence-based analytics toolkit, delivering insightful analysis of healthcare utilization to help health systems reduce costs, while improving patient outcomes.

CareFacets built CFAN to fast track the development of custom solutions for its healthcare clients, leading to speed-to-market, from conceptualization to implementation. CFAN enables users to focus on the important business questions and issues that need to be immediately addressed, resulting in fast turnaround, from data identification and rules development to real world results. Designed with clients' growth and data complexities in mind, CFAN data analytics capabilities are built within a robust and scalable framework that can grow with each business opportunity.

About CareFacets
CareFacets is a private company founded in 2013 and based in Sandy Springs, GA. CareFacets uses proprietary data analytics to bring clarity and transparency to the healthcare industry, facilitating clinically-validated decision making and improved risk assessment for its partners. Healthcare payers, systems and providers partner with CareFacets to create more precise measurements of outcomes and better predictability of future events. For more information, go to www.carefacets.com.

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