BURLINGTON, MASS (February 27, 2018) Arcadia.io announced today that IDC named it a Leader in the IDC MarketScape: U.S. Healthcare Clinical and Financial Analytics BPO Services 2017 Vendor Assessment (Doc #US43176217, December 2017). The report recognized the strength of Arcadia’s combined technology platform and services for healthcare enterprises taking on value based care. The IDC MarketScape assessed only the vendors considered “the largest and most noteworthy IT services providers in healthcare,” who were, “sufficiently differentiated and innovative to merit in-depth evaluation and comparison.”
SOURCE: IDC MarketScape: U.S. Healthcare Clinical and Financial Analytic BPO Services 2017 Vendor Assessment, by Cynthia Burghard, Dec 2017, IDC Doc#US43176217.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT 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. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
“Clinical and financial analytics are now critical to the future success of healthcare organizations of all types, particularly in the context of value-based care,” writes IDC analyst Cynthia Burghard, with Arcadia a leader among the vendors offering organizations the ability to “quickly improve organizational flexibility and gain access to top-shelf technology.”
Burghard noted that Arcadia had “repeatedly developed capabilities one step ahead of competitors in the healthcare IT services market”, citing Arcadia’s early support for ambulatory care providers, partnerships with healthcare organizations that were pioneers in value based care, and investment in developing a cloud-based technology platform, Arcadia Analytics. “Investors have likely invested in the company because they were impressed by Arcadia’s strategic foresight and ability to execute complex IT systems integrations projects in the chaotic environments that characterize new business models,” she wrote.
Arcadia has attracted high-profile investors including Merck Global Health Innovation Fund (“Merck GHI”), GE Ventures, Peloton Equity, Zaffre Investments, and Morgan Stanley Alternative Investment Partners. A rapid growth trajectory fuels Arcadia’s ongoing investments in platform development. New capabilities and proprietary integration technology will continue to drive clinical and financial outcomes for providers and health plans transitioning to value-based care.
“This recognition from the IDC MarketScape validates our strategy of building an analytics platform that can support highly complex healthcare enterprises,” said Arcadia chief executive officer Sean Carroll. “As value based care contracts increase in size and scope, it becomes increasingly important for health plans, ambulatory providers, hospitals, and other healthcare organizations to collaborate using a shared, secure, and scalable foundation of aggregated data.”
Arcadia’s proprietary, cloud-based data aggregation technologies allow even large, national healthcare organizations with dozens of EHR instances to work together effectively on population health management goals and to form effective partnerships with health plans. Arcadia customers will get an in-depth look at Arcadia’s newest Big Data capabilities at Aggregate2018, Arcadia’s second annual industry conference April 18-20 in Boston.
About IDC MarketScape:
IDC MarketScape vendor analysis 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.
Arcadia.io (https://www.arcadia.io), formerly Arcadia Healthcare Solutions, is a population health management technology company supporting healthcare enterprises taking on risk and transitioning to value-based care. Arcadia specializes in integration of data from more than 40 different physical and behavioral health EHR vendors, enriching it with claims and operational data, and using that data to drive improvements in patient care quality, practice efficiency, and financial performance. Trusted by independent provider groups, health plans, and integrated delivery networks nationwide, with expertise in both fee-for-service optimization and value-based performance environments, Arcadia supports providers with the benchmark data, insights, and outsourced services to excel in the evolving landscape of American healthcare. Founded in 2002, Arcadia is headquartered outside Boston in Burlington, MA, with offices in Seattle, Pittsburgh, and outside Chicago in Rockford, IL.
Director, Strategic Marketing