#United States #Chicago #EY #Value-Based Care #Gray Matter

Gray Matter Analytics and EY Unite for Enhanced Value-Based Care

Gray Matter Analytics, known for its cutting-edge cloud-based analytics solutions, has announced a significant partnership with Ernst & Young LLP (EY US) to revolutionize the landscape of value-based care in the United States. This collaboration marks a pivotal moment for managed care organizations (MCOs) and state Medicaid agencies, aiming to streamline oversight and improve healthcare outcomes while managing costs more effectively.

Addressing the Shift to Value-Based Care

As the U.S. healthcare sector rapidly transitions towards a value-based care model, the pressures on health plans and state Medicaid agencies are mounting. These entities are increasingly faced with more rigorous requirements to manage quality, oversee spending, and demonstrate measurable improvements in patient outcomes. It's enlightening to note that the spending of state Medicaid programs exceeds $800 billion annually, prompting the Centers for Medicare & Medicaid Services (CMS) to impose expanded reporting standards. Furthermore, CMS provides funding incentives that encourage the modernization of Medicaid Enterprise System (MES) components, fueling the need for more advanced solutions.

In response to these mounting challenges, the strategic alliance between Gray Matter and EY presents an innovative solution that delivers essential analytics alongside operational expertise. This partnership is not just a merger of capabilities; it's a comprehensive response to the complex landscape of value-based healthcare.

Key Features of the Partnership

The collaboration amalgamates Gray Matter's innovative CoreTechs® analytics solutions with EY's admirable operational transformation services. Together, they provide entities with the capacity to:

• - Enhance MCO Performance Oversight: Through in-depth monitoring of quality, utilization, and expenses, stakeholders can gain comprehensive insights into their operations.
• - Strengthen Provider Alignment: This involves improved transparency regarding incentives and performance metrics, facilitating a more cohesive network.
• - Drive Quality Improvement: By leveraging data-driven policy design, organizations can initiate ongoing quality enhancement mechanisms.
• - Improve Member Outcomes: Advanced population insights and engagement strategies allow healthcare providers to better meet the needs of their patient populations.
• - Lower Overall Care Costs: By identifying avoidable utilization and eliminating inefficiencies, the partnership directly addresses financial wastage in healthcare processes.

Voices Behind the Partnership

Sheila Talton, the CEO and Founder of Gray Matter Analytics, emphasized, "Together with EY, we are helping clients transform their data into actionable insights that not only enhance care but also yield measurable returns on investments." This sentiment resonates deeply in a sector that often struggles with the practical application of data in improving health outcomes.

Christopher Deelsnyder, the Health and Human Services Leader at EY US, articulated the necessity of combining insights with execution, stating, "By merging Gray Matter’s analytics capabilities with EY’s transformative and operational expertise, we empower clients to achieve higher quality, better outcomes, and demonstrable cost-effectiveness at scale."

About the Companies

Gray Matter Analytics is dedicated to providing scalable, cloud-based analytics solutions powered by its proprietary GMA Genius™ AI engine. The firm's CoreTechs® solutions empower state Medicaid, payors, and healthcare providers by delivering actionable insights that significantly enhance performance oversight and financial sustainability.

EY, on the other hand, has established itself as a leader in building a better working world. Focused on resolving intricate challenges through data and technology, EY operates in over 150 countries, extending comprehensive assurance, consulting, tax, and strategy services.

To summarize, the endeavor between Gray Matter Analytics and EY could very well reshape the healthcare landscape in the U.S., presenting a formidable tool for MCOs and Medicaid agencies embarking on the path toward value-based care. As healthcare continues to evolve, partnerships like this will be instrumental in ensuring that patient care is optimized and sustainable for years to come.