PHILADELPHIA, June 24,
2024 /PRNewswire/ -- HealthVerity, the leader in
synchronizing transformational technologies and real-world data
(RWD) to advance the science, today announced the launch of
HealthVerity taXonomy - the nation's most comprehensive,
highly-curated and research-ready closed claims dataset for
pharmaceutical safety, real-world evidence, and health economics
and outcomes research organizations. This next-generation data
solution meets the needs of an industry facing headwinds with
evolving and unstable access to HIPAA-compliant patient data that
is critical to justifying the cost, effectiveness and safety of
increasingly complex treatments. HealthVerity taXonomy overcomes
these challenges while providing unparalleled insights into patient
journeys, treatment outcomes and total cost of care.
Breaking from legacy solutions that rely on a narrow mix of
payers and payer types, HealthVerity taXonomy is an easy-to-use
dataset specifically designed for research that encompasses over
245 million patient journeys from more than 225 payers, including
commercial, Medicare and Medicaid, as well as race and mortality
markers. The expansive dataset has up to eight years of continuous
coverage, inclusive of all age groups, races and geographies. These
attributes ensure a superior volume of rare and orphan diseases
compared to legacy solutions, allowing for more impactful research
outcomes. Through HealthVerity's curation process, researchers
benefit from organized, well-structured, de-duplicated patient
encounters, reducing data management time and complexity.
Addressing a disruptive trend in data access, HealthVerity
taXonomy is built for the long-term with a matrix approach to data
providers that maximizes data breadth and stability while
minimizing data disruption. HealthVerity has lasting relationships
with all of the data providers in the nation's largest healthcare
and consumer data ecosystem that leads to a seamless data
experience for its clients. Moreover, the open HealthVerity data
ecosystem continually supports new payers and fully interoperable
data types, such as electronic medical records and lab results,
ensuring that HealthVerity taXonomy can solve for the most
challenging of research questions in the most consistent, well
characterized and highly relevant manner.
HealthVerity taXonomy also includes improved standardized costs
mapped to procedures for any geography or payer type, including
relevant market averages. This level of cost standardization
enables pharmaceutical companies to better understand the pricing
and value of medical treatments and total cost of care, ultimately
leading to improved results.
HealthVerity taXonomy offers a newly streamlined and
industry-leading data model with all data attributes being fully
synchronized, de-duped and HIPAA-certified. This makes HealthVerity
taXonomy research-ready from day one. The HIPAA certification also
covers any future payer and data type additions from HealthVerity,
ensuring continued compliance with privacy regulations while
avoiding lengthy privacy delays in gaining access to new patient
insights.
"With the changing pharmaceutical and healthcare data landscape,
researchers can no longer afford to rely on legacy closed claims
datasets derived from limited data sources and lacking key
attributes from commercial, Medicare and Medicaid patients," said
Andrew Kress, CEO of HealthVerity.
"We are excited to be able to offer HealthVerity taXonomy as the
industry's most comprehensive, highly-curated and research-ready
closed claims dataset premier for the study of efficacy, safety and
economic outcomes."
With taXonomy, HealthVerity is taking a bold step towards
improving the landscape for healthcare data and delivering
transformative results for the industry. To learn more, register
for our webinar on Wednesday, July 10
at 12:00 p.m. ET, where we will
reveal key details about HealthVerity taXonomy.
About HealthVerity
HealthVerity synchronizes transformational technologies with the
nation's largest healthcare and consumer data ecosystem to power
previously unattainable outcomes and fundamentally advance the
science. We offer a comprehensive, yet flexible approach, based on
the foundational elements of Identity, Privacy, Governance and
Exchange (IPGE), that synchronizes unparalleled Identity management
with built-in Privacy compliance and Governance, providing the
ability to discover and Exchange a near limitless combination of
data at a record pace. Together with our partners in life sciences,
government and insurance, we are Synchronizing the Science. To
learn more about HealthVerity, visit healthverity.com.
HealthVerity Contact:
Colleen Stoker
614-738-0592
cstoker@healthverity.com
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SOURCE HealthVerity