SOURCE: NaviNet, Inc.

NaviNet, Inc.

October 23, 2014 14:30 ET

CIO Review Names NaviNet One of 20 Most Promising Healthcare Tech Solution Providers

NaviNet Open Integrates Value-Based Reimbursement and Clinical Workflows

BOSTON, MA--(Marketwired - Oct 23, 2014) - NaviNet, America's largest real-time healthcare communications network, connecting 60% of the providers in the United States with more than 40 health plans, announced that CIO Review has named the company one of the 20 Most Promising Healthcare Tech Solutions Providers in the country. A distinguished panel comprising CEOs, CIOs, CMOs, venture capitalists, analysts, and the CIO Review editorial board selected the winners from more than 500 companies. According to Pradeep Shankar, Editor-in-Chief of CIO Review, "Healthcare CIOs have begun to leverage new technologies and embrace the future by turning their attention to growth, cost reduction, and competitive differentiation. CIOs in healthcare organizations are working with greater agility to discover new ways to advance the business."

This prestigious award comes on the heels of the September 2014 announcement of the general availability of NaviNet Open, the next-generation healthcare communications network. Given the focus on payer-provider collaboration in the post-reform era, health plans leverage NaviNet Open to enable the exchange of critical clinical and administrative data among members of the healthcare ecosystem to improve cost management and overall patient care. NaviNet Open features complex event processing software, empowering decision-making based on real-time intelligence. The NaviNet Open Value-Based Network Applications map to the needs of health plans as they negotiate and institute value-based contracts with provider organizations. Quality metrics, accurate coding and reimbursement, network tier management and steerage, and proactively tackling care considerations are all necessary for success in today's changing landscape.

NaviNet Open was the focus of the October 8, 2014 Health Plan CIO Panel: Strategizing in an Era of Unprecedented Change, which featured CIOs from two Blues, a hospital-owned plan, and a not-for-profit plan. The panel was moderated by Frank Ingari, president and CEO of NaviNet. The panelists were in agreement that against the backdrop of increasing complexity -- given evolving value-based reimbursement models, health insurance exchange uncertainties, HL7, and ICD-10, among other topics -- physicians want simplification. While payers may solve issues differently, payer-provider collaboration solutions that focus on sharing real-time data in a logical, flexible way to support physician decision-making, reduce complexity, and give physicians more time with their patients to actually practice medicine would be game-changing.

"NaviNet is truly honored to be named one of CIO Review's 20 Most Promising Healthcare Tech Solutions Providers," stated Ingari. "Healthcare's core problems and chief priorities are relationships, communication, and coordination. Through NaviNet Open and the NaviNet Open Value-Based Network Applications, we empower payer-provider collaboration and enable population management networks, while enriching the individual patient encounter by connecting clinical and reimbursement workflows."

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About NaviNet
NaviNet is America's largest real-time healthcare communications network. The company's flagship multi-payer provider communications platform offers immediate access to the desktops of more than 420,000 administrative and clinical staff, representing 60% of the physicians in the United States, and connects them with over 40 health plans. NaviNet Open is a next-generation healthcare communications network integrating value-based reimbursement and clinical workflows. It consists of a series of layers: a platform, a set of network services, a suite of value-based network applications, and a set of tools that customers can use to configure and customize the system. For more information, please visit our new website www.NaviNet.net.

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