NBC Chicago: LaunchPoint is #3 among Second City companies in Inc. 500 rankings

NBC Chicago highlights LaunchPoint in review of Inc. 500 rankingsNBC Chicago reported that Chicago, with 95 companies, had the second highest tally in the Inc. 500 list of fastest-growing privately held companies — including LaunchPoint (#100 in the nation), parent company of Discovery Health Partners and Ajilitee.

Among Illinois and Chicago-area companies, LaunchPoint ranked behind Max Digital (#51) and Compass Automation (#55). To read the complete article, please visit http://www.nbcchicago.com/blogs/inc-well/Second-City-is-Second-Best-City-for-Fast-Growing-Businesses-Report-272061051.html.

 

Rey VillarNBC Chicago: LaunchPoint is #3 among Second City companies in Inc. 500 rankings
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LaunchPoint’s Inc. 500 ranking highlighted in Chicago Tribune coverage

Chicago Tribune reviews Inc. 500 companies in the Chicago area, including LaunchPointThe Chicago Tribune reviewed 95 Chicago-area companies that made it into the Inc. 500 list of fastest growing private companies in the nation — including LaunchPoint.

With its #100 ranking, LaunchPoint is #3 among Illinois companies on the list. It joined other successful metropolitan Chicago companies such as Protein Bar (#200), Insureon (#107), Market6 (#143), and Blue Star Tec (#221).

Check out the full article at http://www.chicagotribune.com/bluesky/originals/chi-chicago-inc-5000-list-bsi-20140819-story.html.

 

 

 

Rey VillarLaunchPoint’s Inc. 500 ranking highlighted in Chicago Tribune coverage
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Technology’s role in improving claims recovery and optimizing revenue

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Cutting-edge work by Discovery Health Partners, a division of LaunchPoint, on display in Fierce Health Payer interview

 

At a time when health care companies are under more financial scrutiny than ever, health care payers should be looking at all angles to maximize efficiency, reduce costs, and optimize revenue. Cost containment and claims recovery is one area in which payers can make simple, yet highly effective improvements that yield surprising, positive financial impact.

Recently, FierceHealthPayer featured an interview with Karen Eskridge, chief operating officer at Lovelace Health Plan, a client of Discovery Health Partners. Eskridge reported that her organization recovered $16 million in just two years by improving cost containment and recovery operations, using technology as a key enabler.

Improvements that Eskridge points to include data mining, automated case management, and reporting and analytics. These capabilities have been deployed across her organization’s coordination of benefits, subrogation, and Medicare Secondary Payer (MSP) programs. But they also can be powerful tools in other payment integrity areas, including claims review; audit; and fraud, waste, and abuse.

Many healthcare payer organizations like Lovelace are starting to realize the value of information-driven, analytic approaches to recovery and pre-payment integrity efforts. They streamline complicated processes, improve efficiency of payment integrity activities, and provide new levels of insight and transparency. The payoff can be huge:

  • Identify more workable cases quickly and accurately. Data mining, sophisticated algorithms, and built-in business rules help identify opportunities to recover or avoid costs quickly and more accurately.
  • Streamline the recovery process. Online case management and workflow automation greatly simplifies recovery efforts. Recovery teams can manage cases with all the required documentation and information at their fingertips in one easily accessible location, drastically reducing the time required to manage each case. Centralized case management increases the productivity of existing staff.
  • Accelerate and increase recoveries. By giving your recovery teams the power to identify cases faster, pursue more workable cases, eliminate false positives, and consolidate and automate workflow/case management, you enable them to speed up the recovery process and collect more money sooner.
  • Achieve visibility and flexible reporting. Interactive analytics can quantify recovery efforts and provide detailed insight across case inventory. The increased insight helps forecast future recoveries, plan more accurately, and manage and improve metrics such as medical loss ratio.
  • Simplify compliance and audits. Information-driven solutions give health care payers ready access to a complete history of information about their payment integrity programs. This allows business stakeholders to gather required data for audits much more quickly and easily than they can collect it today.
  • Enhance provider and member relations. With standardized communications and more information readily available through a web-based platform, your recovery staff will require fewer calls and interruptions to your providers and members.

Additional information can also be found on the Medicare Secondary Payer and Eligibility Management resource pages. To read the full interview with Lovelace chief operating offer, Karen Eskridge, click here. To learn more about technology innovations in cost containment for health care payers, click here.

 

Rey VillarTechnology’s role in improving claims recovery and optimizing revenue
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Vulnerability of Transparency (Subrogator)

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wp-transpBy Paul Vosters

While on a U.S. tour earlier this year, the Dalai Lama addressed the topic of the pursuit of happiness. He was quoted in our local business journal as saying, “Happiness begins with honesty, which creates trust, which leads to friendship, which means happiness.” He most certain ly wasn ’t thin king of the subrogation industry when he spoke those words. But they could easily translate into an analogous statement: “Success in subrogation begins with transparency, which creates trust, which leads to closer relationships, which means more opportunity and success.” Let me explain…

For full article, download pdf

LaunchPointVulnerability of Transparency (Subrogator)
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The Changing Face of Audits (Employee Benefit Advisor)

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wp-kalishBy Brian M. Kalish

A dependent eligibility audit can provide a typical ROI of nearly 15% and millions of dollars in cost savings. In this new age of health care under the Patient Protection and Affordable Care Act, most industry experts say audits will continue – and all say they will remain an important way to reduce overall health care spend….

Read full article at Employee Benefit Advisor

LaunchPointThe Changing Face of Audits (Employee Benefit Advisor)
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Four Trends Revitalizing Business Intelligence (Information-Management)

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Information Management

By John Bair

Business intelligence first emerged as a technology specialization in the mid-90s and, since then, it has evolved nonstop. But not since its early days has BI undergone such a dramatic period of innovation. Now, a series of technology advancements are converging to change how we think about BI, the ways we use data and analytics, and the role that BI plays in the enterprise. While each is important in its own right, each trend also acts as an enabler and driver, forming a virtual cycle of innovation that’s already transforming BI as we know it…

Full article on information-management.com.

LaunchPointFour Trends Revitalizing Business Intelligence (Information-Management)
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Emerging Cloud Appliances for Business Intelligence and Data Warehousing (B-Eye Network)

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beyeBy John Bair

Could you put your enterprise data warehouse (DW) in the cloud? If you think you can’t, you’re not alone. Many businesses remain wary due to the perceived increased security risk for cloud-based data warehousing and the intensive data transfer process that it would require.

Read the full article at b-eye-network.com

LaunchPointEmerging Cloud Appliances for Business Intelligence and Data Warehousing (B-Eye Network)
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The Unique Challenges of Cloud Data Security

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Recently the news media have covered security breaches at a number of high profile corporate networks, web services and public cloud services. In some of the events, sensitive government and customer data has been exposed by organized groups of hackers. Vulnerabilities like this don’t discriminate – they plague legacy data infrastructures as well as clouds. Nevertheless, cloud computing does present unique challenges to data security.

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LaunchPointThe Unique Challenges of Cloud Data Security
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On the Reliability of Cloud Computing

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Last week’s outage in AWS (Amazon Web Services) EC2 service continues to make headlines. The high visibility outage impacted many companies that depend on Amazon for either primary or overflow computing and storage services. Impacting a large number of databases, applications and sites across the web, the outage shows just how pervasive use of cloud computing has become.

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LaunchPointOn the Reliability of Cloud Computing
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Analytics: Cloud Computing as an Equalizer

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In the past, the high cost of building enterprise analytic systems has meant that only large enterprises could afford to build sustainable enterprise analytics capabilities. In effect, this put world-class analytics out of reach for small and mid-sized enterprises that would have benefitted from the competitive edge these capabilities can provide.

Now, as cloud computing gains traction, it has become an equalizer – one that is providing vast opportunity for smaller enterprises to benefit dramatically from a caliber of analytics that previously were available only to the largest of enterprises. As cloud adoption becomes more widespread, analytics will assume an even more important role in understanding what’s happening in the business.

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LaunchPointAnalytics: Cloud Computing as an Equalizer
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