Optum beats out competition to take home the Company of the
Year award for its success in addressing diverse value-based care
needs in the PHM market
SANTA CLARA, California,
May 9, 2017 /PRNewswire/
-- Optum walked away with top honors in the prestigious
Company of the Year category at the 2016 Growth, Innovation and
Leadership Awards, Frost & Sullivan's annual banquet honoring
the industry's best. The well-attended black-tie event brought
together the leaders and innovators from a cross section of
industries. A.G. Breitenstein,
Analytics Chief Product Officer at Optum joined an elite list of
luminaries when she accepted the award on behalf of Optum.
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As the health services and innovation business unit of
UnitedHealth Group (NYSE: UNH), Optum has won acclaim from Frost
& Sullivan for its population health management (PHM) solution.
Although there are more than 100 health care IT companies in the
U.S. PHM market, most serve only specific segments. Optum serves
all categories of healthcare stakeholders. It was chosen as the
best-in-class vendor for its robust analytics, financial
performance and best practices for care providers, health plans,
employers, government organizations and other stakeholders.
According to a recent Frost & Sullivan report,
(https://www.optum.com/campaign/al/frost-and-sullivan.html),
best-in-class companies address not only present PHM needs, but
also direct their efforts to constantly evolve to cater to market
transformation. They offer secure, interoperable and highly
customized solutions that monitor, predict and manage patient
conditions across the continuum of care.
"Optum provides superior connectivity and a HIPAA-compliant care
coordination infrastructure that connects with all major care
providers, regardless of their underlying technology platforms,"
said Frost & Sullivan Industry Analyst Koustav Chatterjee.
"Since its care coordination technology is cloud-based, care
providers enjoy unmatched scalability and receive the benefits of
periodic upgrades."
At the same time, many commercial insurers are devising
consumer-centric health plans that provide incentives for
preventive, value-based care while being successful. Optum ensures
that every payer organization is effectively assessing industry
transformation and re-engineering business propositions in line
with the changing healthcare landscape.
Frost & Sullivan also found that Optum solutions support
organizations across the PHM value chain. For example, Optum's data
and analytics capabilities provide insights to define populations,
identify gaps in care, stratify risk, engage patients, manage care
and measure outcomes. Optum recently launched a managed services
model for analytics and population health (Optum Managed Value and
Risk Analytics) that combines its data, technology, advisory
services and global operations to partner with care providers and
health plans.
"Optum, while participating in a contested market, has created
demand for its technologies and services. Its holistic healthcare
approach is highly receptive to progressive healthcare entities
that are transitioning to various risk or value-based healthcare
ecosystems," the report noted.
Each year, Frost & Sullivan presents this award to the
company that has demonstrated superiority in devising and
implementing a strong growth strategy. The recipient has been
proven a leader not only in its industry, but also among
non-industry peers. Recipients have exhibited remarkable innovation
in products and technologies, leadership in customer value as well
as speed in responding to market needs. In short, the award looks
at the emerging participants in the industry and recognises their
best practices that position them for future growth.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis, and extensive secondary research to identify best
practices in the industry.
About Optum
Optum is a leading information and technology-enabled health
services business dedicated to helping make the health system work
better for everyone. With more than 115,000 people worldwide, Optum
delivers intelligent, integrated solutions that help to modernize
the health system and improve overall population health. Optum is
part of UnitedHealth Group (NYSE:UNH). For more information, visit
http://optum.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
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Contact:
Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com