Unlocking the Full Potential of Healthcare
Imagine this: A healthcare ecosystem where payers, providers, patients, and partners can seamlessly connect to securely share information directly with each other, tearing down the barriers in healthcare. Also in this ecosystem, innovators can deploy and scale solutions that improve healthcare experiences by leveraging a network, standards, and processes that are developed collaboratively and can work for all. This is the vision behind Avaneer Health.
A conversation in 2017 sparked the vision between a small group of healthcare industry leaders who saw the potential for a new way of working together. They discussed how to create an ecosystem that facilitates collaboration, real-time data sharing, distributed governance, and common processes running in a trusted, permissioned, and secure environment wherein participants can transact with one another. The conversation grew to include an impressive group of innovative leaders from both payers and providers who shared the enthusiasm and vision of creating a healthcare network to enable direct connectivity between participants. This connectivity would include common data models, the latest in technology standards and infrastructure capabilities, modern security, and immutability that could be the answer to solving healthcare’s connectivity and interoperability issues.
Those early conversations led to the launch of Avaneer Health with support its initial founding members — Anthem (now Elevance), Cleveland Clinic, CVS Aetna, HCSC, IBM Watson Health (now Merative), PNC Bank, and Sentara Healthcare in June of 2021. These organizations put aside their individual views, competitive overlap, and individual interests, and committed to work together towards a common goal of advancing healthcare transformation. Avaneer Health is focused on creating a network with common infrastructure, interoperability tools, solutions, and a solution exchange capable of enabling the transformation of healthcare. The Avaneer Health team and the founding organizations continue to work together to co-develop joint processes and solutions. This type of collaboration creates opportunities for business models yet unimagined to help solve age-old challenges and unlock massive cost, process, and technology inefficiencies.
In an industry where new, innovative solutions often bring new complexities and have trouble getting to scale, Avaneer Health is working to create an ecosystem, a platform for collaboration, and a secure industry infrastructure that can help improve efficiency, and enhance outcomes, save billions in administration costs and, most importantly, improve patient outcomes and the overall patient experience. With the platform coming to life, we are now turning our attention toward growing the ecosystem of organizations that are committed to tearing down the barriers that have plagued healthcare for decades. Please reach out if you and your organization want to be part of the next generation of healthcare.
How to Break Down Data Silos
Positive momentum is happening in healthcare interoperability. The topic seems to garner headlines every day, with a few in our newsletter this month. It’s almost as if interoperability has recently ignited after years of moving at a snail’s pace.
I’m challenging healthcare to think differently about how we work together. More is to be gained by working together than by keeping data siloed. Achieving this type of interconnectivity requires a nationwide healthcare network that allows all participants to share information, collaborate, and launch solutions for all of healthcare. This type of digital fabric can combine disparate data for a more complete patient profile and the related administrative data needed for the business of healthcare. This level of interconnectivity can tear down the barriers in healthcare for business and people.
While there seems to be so much chaos in the world right now, it’s important that we don’t overlook the really great things happening in healthcare. It’s time to celebrate the possibilities, then roll up our sleeves and work together to make them a reality.
CEO, Avaneer Health
In This Issue
Forget Micro-Networks: How Avaneer Health is Building the One Health Data Exchange
Imagine our country without interstate highways, where each city has to build its own roads to every other city. The costs and resources needed to create such a micro-network infrastructure would be monumental. Yet, this is the scenario playing out in healthcare as payers, providers and suppliers build one-to-one pipelines with each other to exchange data. There has to be a better way. Imagine our country without interstate highways, where each city has to build its own roads to every other city. The costs and resources needed to create such a micro-network infrastructure would be monumental. Yet, this is the scenario playing out in healthcare as payers, providers and suppliers build one-to-one pipelines with each other to exchange data. There has to be a better way.
Watch The Video
It’s Time to Start Innovating to Make Administrative Data Interoperable
Just as clinical interoperability creates efficiency and a better healthcare experience, greater administrative interoperability could help eliminate many of the costs related to billing and insurance. The healthcare industry needs to expand its view of interoperability to include administrative data and embrace innovation in this area.
Unblocking Interoperability with a Blockchain-Powered Network
Many of the challenges in our U.S. healthcare system could be solved through data fluidity and interoperability. We could reduce administrative costs, improve access to timely care, enhance the patient experience, and save billions of dollars each year. While efforts have been ongoing toward this end, today’s more advanced technology provides an opportunity to achieve true, industry-wide interoperability much faster.
ONC Releases United States Core Data For Interoperability Version 3
After receiving more than 800 public comments, the ONC has released the United States Core Data for Interoperability Version 3 (USCDI v3), which adds 24 data elements among these classes: health insurance information, health status/assessments, laboratory, medications, patient demographics/information, and procedures. The addition allows the capturing and sharing of healthcare insurance coverage in a standardized way.
Interoperability Among Office-Based Physicians in 2019
In 2019, 65% of physicians surveyed said they exchange patient health information electronically with providers outside their organization, while 35% said they still rely primarily on fax (paper or electronic) and mail for information exchange. An even more common barrier, 85% reported challenges electronically exchanging information with providers using a different EHR.
Read more eye-opening findings from the ONC’s report on interoperability progress among physician offices.
From the Avaneer Blog
Unlocking the Full Potential of Healthcare
In an industry where new solutions often bring with them even greater complexities, the tide is—finally—turning. What started as a conversation between a tech giant and one of our nation’s largest banks has become a healthcare consortium of industry powerhouses. The goal? To create a network where all healthcare stakeholders can seamlessly collaborate, share data, and build innovative solutions to create the healthcare ecosystem of tomorrow.