Cardinal Analytx and Premera Blue Cross Partner to Predict and Mitigate Customers’ High Healthcare Costs
Cardinal Analytx Solutions, a predictive healthcare analytics company, today announced an industry-leading partnership with Premera Blue Cross, a leading health plan in the Pacific Northwest, to use predictive analytics and machine learning solutions to identify and reach out to potential high-risk customers.
Based in Mountlake Terrace, Wash., Premera Blue Cross initially partnered with Cardinal to participate in the design and validation of the first version of Cardinal Analytx’s Cost Bloom™ predictions and medical action plans using proprietary, leading-edge machine learning algorithms. After success piloting this solution, Premera is deploying the solution along with additional risk prediction models it helped to design.
“Using advanced prediction and data science with healthcare data is providing new value in healthcare innovation,” said Colt Courtright, director of Corporate Data and Analytics at Premera Blue Cross. “By working with Cardinal, we’re able to leverage unique predictive capabilities and bring new solutions to the market that benefit Premera customers.”
Courtright added, “Premera is able to identify a customer who appears to be at risk of a significant increase in their medical needs. Premera’s care management team can then create a plan to address and potentially mitigate these medical needs, directly with the patient or the provider.”
“We are profoundly grateful to Premera Blue Cross for their tireless support and dedicated partnership,” said Linda T. Hand, Cardinal Analytx’s CEO. “Premera has strategically helped us to advance our vision, refine our value proposition and pressure test new product ideas, which lay the groundwork for other significant health plan clients and pilots that we’ll soon be announcing.”
On February 12 at 11:45 a.m. in the Personalized Health Experience Theatre at the HIMSS19 Global Conference & Exhibition, in Orlando, Afsana Akhter, chief commercial officer for Cardinal Analytx, and Torben Nielsen, vice president of Innovation for Premera, will be co-presenting on “Deploy Machine Learning to Predict Rising Risk.”
To learn more about Cardinal Analytx at HIMSS19, visit booth 888, kiosk 33.
About Cardinal Analytx Solutions
Based in Palo Alto, Calif., Cardinal Analytx Solutions is a predictive analytics company that leverages machine learning and AI technology to identify potential high-expense health plan enrollees and provide targeted clinical recommendations designed to improve patient outcomes and contain costs. The company, which was spun out of Stanford University-affiliated StartX startup accelerator, is backed by Cardinal Partners, Premera Blue Cross and the Stanford-StartX Fund. Founded by two Stanford industry luminaries in medicine and biomedical data science, Drs. Arnie Milstein and Nigam Shah, Cardinal Analytx is committed to transforming patient lives by combining machine learning with clinical excellence. For more information, visit www.cardinalanalytx.com or email firstname.lastname@example.org
About Premera Blue Cross
Premera Blue Cross, a not-for-profit, independent licensee of the Blue Cross Blue Shield Association based in Mountlake Terrace, Wash., is a leading health plan in the Pacific Northwest, providing comprehensive health benefits and tailored services to approximately 2 million people, from individuals to Fortune 100 companies.
This press release was provided by Premera Blue Cross and Cardinal Analytx Solutions.