Instead of drowning in data and reports, executives can now monitor business performance from their computer with VentoMap for Managed Care Organizations (MCO).
The analytical application provides healthcare executives with timely, accurate views of the trends affecting their business. Executives receive information in the form of key performance indicators (KPIs) that closely match the way decision makers think about their business and their approach to solving problems.
Examples of managed care KPIs include per member medical cost, members, medical loss ratio, per member revenue, cash balance, per member administrative cost, claims received, claims processed, claim backlog, hospital days per thousand.
"VentoMap gives managed care executives an end-to-end solution for business performance measurement," said Courtney Hye, director of healthcare industry marketing at SPSS. "Our consultants work with each MCO to provide a complete business intelligence solution in a data warehouse environment in five months. This fast implementation ensures that executives have the information they need to make timely decisions."
Beginning with a packaged analytical application that includes a library of managed care-specific KPIs, SPSS healthcare and technology experts apply a proven methodology, which includes a healthcare-specific data model, to set up the data warehouse, map source data to that warehouse, customize the software view and manage the job flow. The resulting solution delivers KPIs, trend views, and reports that are unique to each business. The KPIs are updated daily.
Headquartered in Chicago, SPSS has more than 40 offices, over 900 employees and 1999 revenues of $140 million. Solutions integrate and analyze marketing, customer and operational data in key vertical markets worldwide including: telecommunications, health care, banking, finance, insurance, manufacturing, retail, consumer packaged goods, market research and the public sector.