LexisNexis Risk Solutions Named a Leader in IDC MarketScape Report on U.S. Provider Data Management for Payers

Rhea-AI Summary

LexisNexis Risk Solutions has been recognized as a Leader in the IDC MarketScape report for U.S. Provider Data Management for Payers 2022. This recognition underscores its exceptional commitment to maintaining quality provider data. The report highlights the effectiveness of its Provider Data Intelligence Suite, which integrates numerous data sources to ensure accurate healthcare information. Jeff Diamond, President of LexisNexis Risk Solutions, expressed commitment to enhancing patient satisfaction and healthcare outcomes through high-quality data solutions.

Positive

• Named a Leader in IDC MarketScape for U.S. Provider Data Management.
• Provider Data Intelligence Suite noted for quality and comprehensiveness.
• Commitment to improving patient satisfaction and health outcomes.

Negative

• None.

LexisNexis Risk Solutions was the only vendor evaluated to be positioned in the Leaders Category

ATLANTA, April 19, 2022 /PRNewswire/ -- LexisNexis® Risk Solutions, the premier provider of healthcare data and identity verification solutions, has been named a Leader in the IDC MarketScape: U.S. Provider Data Management for Payers 2022 Vendor Assessment¹. The report notes, "LexisNexis Risk Solutions' commitment to cleansed, quality provider data is outstanding and evident."

This IDC MarketScape study assesses the capability and business strategy of many of the most prominent provider data management (PDM) vendors found in payers that use that software to establish a "core provider system of record or truth" for the payer enterprise. This evaluation is based on a comprehensive framework and a set of parameters expected to be most conducive to success in providing provider data management software today and in the future.

"The Provider Data Intelligence Suite (PDIS) blends thousands of data sources, advanced analytics, technology, data science, and deep healthcare expertise to deliver correct, current, and comprehensive healthcare practitioner and organization data," said Jeff Rivkin, research director, payer IT strategies, IDC. "This is indeed an impressive set of pure provider data management functionality; its approach to volume, quality, completeness, coverage, and mandate compliance is notable."

"We're excited to be named a Leader in this IDC MarketScape report, and we will remain committed to providing high quality data to help healthcare organizations increase patient satisfaction, remove barriers to care, adhere to compliance standards, save money, and improve health outcomes," said Jeff Diamond, President and General Manager at the Health Care business of LexisNexis Risk Solutions.

For more, read the IDC MarketScape summary of LexisNexis Risk Solutions [here].

About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About LexisNexis Risk Solutions 
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

Media Contact:
Syed Shabbir
Manager, Media and Analyst Relations
Health Care business of LexisNexis Risk Solutions
816.572.7709

¹IDC MarketScape on U.S. Provider Data Management for Payers, doc #US48815718, February 2022

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SOURCE LexisNexis Risk Solutions

FAQ

What is the significance of LexisNexis being named a Leader in IDC MarketScape?

Being named a Leader emphasizes LexisNexis Risk Solutions' strong capabilities in provider data management, indicating its competitive strength in the healthcare data sector.

When was LexisNexis recognized as a Leader in the IDC MarketScape report?

LexisNexis was recognized in the IDC MarketScape report published on April 19, 2022.

What is the Provider Data Intelligence Suite offered by LexisNexis?

The Provider Data Intelligence Suite combines multiple data sources and analytics to provide accurate and current healthcare provider information.

How does LexisNexis Risk Solutions contribute to healthcare organizations?

LexisNexis helps healthcare organizations improve patient satisfaction, ensure compliance, and enhance health outcomes through quality data.

What does the IDC MarketScape report assess?

The IDC MarketScape report assesses the capabilities and business strategies of prominent provider data management vendors in the healthcare payer market.