NextHealth Technologies Inc. develops a SaaS platform that integrates predictive and prescriptive analytics, behavioral economics, and multichannel consumer engagement solutions for health plans to reduce medical costs. Its analytics platform enables member risk identification and engagement to improve health and financial outcomes using personalized data and optimized action recommendations.
The company’s platform runs through a loop that include NextData, which aggregates and analyzes data from multiple sources; NextInsight that identifies patterns, clusters, behavioral transitions, and causal drivers in the data, as well as calculates values and risk scores for each member; NextNudge, which finalizes trial design and the master member file; and NextTrial, which deploys trials, quantifies results, and recommends changes.
Its platform helps customers solve material health industry use cases, including avoidable ER reduction, out-of-network usage reduction, hospital readmissions reduction, high value member retention, compliance/contract adherence, chronic disease management, medication adherence, provider visits frequency/costs, medical costs, and procedure frequency/costs. The company also offers contract based risk managed services on outcomes.
NextHealth Technologies Inc. was incorporated in 2013 and is based in Denver, Colorado.