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Med-Vantage Innovative Patent Empowers Health Plan Members to Compare Physician Quality and Cost

Posted on: Thursday, 27 July 2006, 12:01 CDT

Med-Vantage(R) Inc., a leader in health informatics, announced today that it has filed for patents on technology that enable patients to search for physicians by condition, surgery and procedure, and to score physicians on quality and cost of care measures. The patent application is based on research methods developed by Med-Vantage and on technology that is already in use by health plan customers.

According to Geof Baker, CEO of Med-Vantage, "Our patent-pending technology helps our health plan customers and their members to select and evaluate physician performance based on clinical quality, cost of care, patient experience, clinical system usage, hospital affiliation and other criteria. This technology incorporates 250 copyrighted quality measures and cost indicators we have developed for 19 specialties."

The patent application reflects the company's innovative approach to mapping conditions, surgeries and procedures to administrative claims data. The patent also includes robust statistical methods to correct flaws with provider evaluation in pay-for-performance and high performance networks. The patent application protects Med-Vantage's proprietary mapping and scoring model.

Med-Vantage(R) is a healthcare informatics company that has attained industry leadership in deploying balanced scorecard applications that improve health care cost and quality. The company delivers consulting services and builds business intelligence applications for health plans in consumer directed healthcare, pay-for-performance, efficiency measurement and quality improvement. www.medvantage.com

Source: Business Wire

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