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Introduction to Datavant

Datavant is a leader in data logistics for healthcare, aiming to make health data accessible and usable, as currently only 3% of the 2,000 exabytes generated annually is utilized. The company addresses the broken data supply chain by securely connecting and delivering relevant health data across various stakeholders, including providers, life sciences, and public sectors. By leveraging innovative technologies and a vast network, Datavant enhances data utility, compliance, and patient care while reducing inefficiencies in healthcare operations.

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0% found this document useful (0 votes)
33 views

Introduction to Datavant

Datavant is a leader in data logistics for healthcare, aiming to make health data accessible and usable, as currently only 3% of the 2,000 exabytes generated annually is utilized. The company addresses the broken data supply chain by securely connecting and delivering relevant health data across various stakeholders, including providers, life sciences, and public sectors. By leveraging innovative technologies and a vast network, Datavant enhances data utility, compliance, and patient care while reducing inefficiencies in healthcare operations.

Uploaded by

squirrel2650
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction

to Datavant
We protect, connect and deliver the world’s most
precious data.

2024

1
Our Story • What’s holding back healthcare
• Bringing data logistics to healthcare
• Audience Specific offerings
• Case studies

2
What if 100% of health
data was accessible
and usable?
Today, 2,000 exabytes of health
data are generated annually1.

Only 3% is used2 because data is

3 1.
2.
1 exabyte is 1 billion gigabytes. Coughlin S, Roberts D, O’Neill K, Brooks P. Looking to tomorrow’s healthcare today: a participatory health perspective. Intern Med J. 2018 Jan;48(1):92-96. doi: 10.1111/imj.13661. PMID: 29314515
https://www.weforum.org/agenda/2019/12/four-ways-data-is-improving-healthcare/.
Data: healthcare’s greatest promise and challenge

Today, 30% of the world’s data volume is


generated by the healthcare industry.1

Imagine if every decision in healthcare was


backed by relevant and timely information.

For this, we need to be able to access and use


data.

References:
4 1 https://www.rbccm.com/en/gib/healthcare/episode/the_healthcare_data_explosion
2 https://www.weforum.org/agenda/2019/12/four-ways-data-is-improving-healthcare/
Without accessible and usable data, human health suffers

DEATH DELAYED MISSED HIGH


TOLLS DIAGNOSES DIAGNOSES COSTS

250K 4-5yrs 12M 25%

Deaths caused by Average time to Outpatients Percent of US


medical errors in the diagnose rare disease misdiagnosed each healthcare spending
US each year patients (but can be year considered to be
decades) wasteful

5
The fundamental issue: A broken data supply chain
People who have data aren’t able to securely share it AND people who need data aren’t able to access it.

PEOPLE WHO HAVE DATA PEOPLE WHO NEED DATA

Digital Life
Clinics Patients
Health Sciences

Hospitals Government
Agencies

Apps Labs Health


Public Sector Providers Plans
of Care Private
Sector

Pharmacies Research
Public Research Public
Entities
Health Entities Sector

The root causes of a broken data supply chain

01 Data locked away in fragmented


02
Fear of breaching privacy
03
Inability to share data at
and complex systems and compliance regulations scale and at speed
6
A dysfunctional supply chain
hurts everybody

Healthcare Providers Health Plans


Lack a complete picture of a Struggle to allocate resources to
patient’s full health profile optimize patient funding

Life Sciences Public Sector


Cannot access fit-for-purpose Develop policy and research
real-world data for R&D and initiatives without population data
commercialization

Other Private Sector Patients


Inability to access the right data to Suffer from a system with slowed
inform critical decisions innovation and insufficient care

7
9.8 million healthcare
practitioners Datavant is the
leading provider
of data logistics
for healthcare
1,200 health insurance
companies, including
subsidiaries

The problem no The solution only


Over 60,000
pharmacy
one has fixed: Data we offer: Data
locations is hard to move and logistics to securely
protect across a and compliantly
1000s of clinical fragmented, siloed move relevant data
data systems and healthcare system from where it sits to
electronic medical
records where it needs to be Datavant protects,
connects, delivers
the world’s most
precious data
100s of HIPAA
compliance regulations

8
We protect, connect, and deliver the world’s most precious data

Protect Connect Deliver

We securely and compliantly We connect data between We remove friction to deliver


protect health data ensuring the broadest network of accessible, usable, and
organizations have complete networks of health data relevant data through
control over how their data sources and users. technology and value-added
is accessed and used. services.

9
The value of Data
Logistics in solving Maintain Confidence

your organization’s Customers can pursue their

data challenges
data-driven aspirations
with confidence, knowing
Datavant provides the
highest level of compliance
and security.

Gain Access
Simplify the Process
Customers gain access to
Datavant’s network of
Customers can enjoy the
networks and get the data
most frictionless way to use
they need.
the data they need, almost
as easy as a single click.

10
Building the new Datavant

40+ years of securely Leader in real-world data Leader in digital Privacy preservation Medical record request Instant access to UK
protecting and moving connectivity and connectivity for ACOs and expert tool for patients medical records via
medical records Innovative builder of and MSOs determination NHS Spine
networks of health data

Bringing together best-in-class capabilities across stakeholders to address any organization’s data needs

11
How Datavant delivers value to our customers

60M 500+ 100+ 99.99% 1.5


Records Weeks
Real-World Data Provider Turnaround
Exchanged Clinical Trials
Partners Compliance Time3
Annually Tokenized1
Accuracy2

95% 96% 97% 94%


Patient Health Plan Life Sciences
Provider Client
Satisfaction Client Retention Client Retention
Retention Rate
Score4 Rate Rate

1. Launched in 2019. This number represents trials tokenized since 2022.


2. In 2023, 25 total DPMO (defects per million opportunities), which is industry leading in compliance accuracy with UAD
3. Based on digitally fulfilled PAYD MRA and ACA volume (avg 6.8 business days).
4. Based on all-time Google review data for the Patient Request intake tool
12
The Datavant Difference
Data Logistics technology platform Largest network of networks

● Exchanges 200 terabytes of data annually 500+


Real-world
● Tokenizes over 100 billion records per month 18 of top 100+ data partners
● Granted 20 patents 20 pharma Clinical trials in Datavant
companies tokenized ecosystem

CAPABILITIES 110+1
Health plans
Intake Tokenize Enhance
70K
1,500 70% of the Hospitals
Locate Assess Authorize & Control
Value-based top 100 US and clinics
care health
Fulfill Link
organizations systems
Structure De-Identify

Value-added services
8000+ people with deep expertise in privacy and compliance, expert determination, real-world data, and record management

13 1. Health plans for which Datavant has retrieved at least 100 records in a year
Hospitals Patients

Our technology is
Clinics designed to operate Analytics firms
across all systems
Health Plans Healthcare operates on hundreds of
clinical data systems, including Electronic
Pharmacies
Health Records (EHRs), and IT systems,
and within dozens of policies and
configurations, and multiple formats.
Data holders Public health
researchers
Datavant designed its Datavant ensures
technology to operate
organizations are
across them all,
Registries resulting in frictionless
always in control
of when and how
and secure flow of
health data, into or out their data is
of your organization. exchanged.

14
Innovative technologies

Privacy Provider Requester Data Connectivity


Tech Integrations Interfaces Platform

Connecting directly Managing medical Create linkable


Automating the
to electronic health record requests has data assets for any
compliance bottleneck
record systems never been easier use case

15
Internal
networks The Datavant Network is a
network-of-networks that
Healthcare
delivery
networks
facilitates protected data flows
Our networks span industries and use cases, including:

● Internal networks (e.g., within an organization)


● Healthcare delivery networks (e.g., allowing
health plans and providers to connect)
Ecosystem
networks ● Ecosystem networks (e.g., real-world data
networks connecting public and private
organizations)

Organizations can even be part of more than one network.

16
Value-Added Services

Thousands of people across the planet:

• Deep perspective on all the players in healthcare


to best fulfill their data supply needs.
• Scalable solutions to support unique data needs
and incentives.
• Embedded where our clients are and integrated in
their processes
• Expertise in privacy and compliance, expert
determination, real-world data, and record
management
• Most of all, passion and grit to bring together the
right data, at the right time

17
Datavant works with innovators across every sector of
healthcare

Providers Health Plans Life Sciences Public Sector Lab SDoH Claims EHR

18
We help organizations pioneer new ways to leverage
data across a range of use cases

Life Sciences Health Data Healthcare Providers Health Plans Public Sector
and Analytics
Track patient health
Enhance predictive models Improve care management longitudinally for
Accelerate clinical trial Fulfill release of information & calculation of risk
enrollment for finding undiagnosed requests government-funded
patients adjustment epidemiological studies

Power analytics platform Develop a holistic,


Conduct long-term safety Advance value-based care Improve diagnosis of
with multimodal data for longitudinal view of your
and efficacy studies precision patients with rare diseases
precision care members

Generate real-world Build linkable data Better assess the risk of Augment patient registries
Improve population health
evidence to support infrastructure across the new member enrollment with real-world data
outcomes
reimbursement enterprise

Identify and maintain


Improve precision of Manage revenue cycle to Enable data sharing for
Commercialize proprietary information on
commercial targeting and appropriately resource clinical and academic
data assets highly-transient at-risk
measurement sites research networks
members

19
16 Government sites

Datavant is proud Top 10 Claims >150 Research sites

to have built the data sources

largest real-world
data ecosystem in 10 EHR data sources >35 Life sciences
companies

the U.S.
>30 Speciality
pharmacies and
aggregators >150 Analytics
platforms

10 Labs and speciality


and genetic labs

9 of top 10 Social
Determinants of
Health sources

8 Device and imaging


partners
10 Oncology
RWD sources

20
Audience-specific
narratives on data
logistics

22
Our Offerings

Healthcare Providers
Great data logistics gives healthcare organizations whole Release of information

patient health data, effectively assembled for specific Health data retrieval
requests, and protected to ensure patient privacy. Revenue cycle management

Coding
Built on our decades of release of information expertise, our products
and services create a frictionless experience for managing the flow of
patient data. We ensure relevant information is provided only to those
who should have it.

23
Our Offerings

Life Sciences
Effective incorporation of real world data means new RWD linkage

discoveries, more evidence, better patient support, and Clinical trial tokenization
improved commercial performance. Patient record matching

HIPAA Expert Determination


But how do you find the right data, connect it, and optimize your
data strategy for scale and flexibility? With a data connectivity Enterprise data connectivity
platform that protects, connects, and delivers the data you need
when you need it.

24
Our Offerings

Health Data & Analytics


The value of health data can be limitless when it RWD linkage

gets to the right people at the right time. Clinical trial tokenization

Patient record matching


Data logistics enables an ecosystem that maximizes data utility
– creating a frictionless data supply chain so that decision Privacy & compliance
makers can incorporate data effectively.
Enterprise data connectivity

25
Our Offerings

Public Sector
Non-profits, research networks, and government Privacy-preserving record linkage

organizations strive to promote and protect the health Patient record matching
of populations. Privacy & compliance

Linkable data infrastructure


Our data logistics expertise allows researchers to focus on their
unique research question, knowing that they have the right data,
are using it compliantly, and can match it across datasets for the
deepest insights.

26
Our Offerings

Health Plans
Being an effective health plan means knowing your Health data retrieval

members. Coding

Risk adjustment data validation


It’s the only way to anticipate needs, manage risks, and provide
more compelling benefits. Data logistics helps health plans
navigate the sea of data complexity by connecting members’
individual experiences together to provide a more complete
picture of member health.

27
Divider example slide

Case Study Examples

28
Shedding light on A life sciences company developing a treatment for retinitis
pigmentosa (RP), a rare eye disease, wished to more fully
the burden of rare understand the burden of disease and total healthcare cost
disease and resource utilization (HCRU) of RP patients.

Verana Health, a data provider specializing in curated ophthalmology


data, worked with Datavant to compliantly de-identify (remove
personally identifiable information) and connect data from a patient
registry with a claims dataset. The combined dataset provided
deeper insights for the life sciences company by providing a more
holistic view of patient interactions with the healthcare system that
would not have been captured by the registry dataset or the claims
dataset alone.

29
Scaling compliance An oncology data analytics company needed to address
HIPAA compliance across their proprietary platform and
workflows for expert services, which organize complex data to provide a
longitudinal view of cancer patients. Their mission is to
oncology analytics advance research and care through identifying treatment
company patterns and gaining insights into variations in care delivery.

After using Datavant tools to tokenize their data, the company


entered into a long-term agreement with Datavant in order to obtain
statistical disclosure risk analyses on a quarterly basis. The company
received comprehensive Expert Determinations for all of its data
assets, given that Datavant created a baseline standard for all
disease areas that it supports within the framework of HIPAA
compliance.

30
Helping a health A large Medicare Advantage national health plan needed
member information for 3 million patients (90% of their
plan predict population) for risk adjustment purposes. Datavant digitally
retrieved health data for over half of these patients in a
expenditures matter of weeks.

Datavant queried these patients based on member demographics


without requiring provider information, allowing clinical data to be
retrieved from the entirety of Datavant’s digital network. The
frictionless delivery allowed the health plan to start analysis and
coding more quickly, better target hard-to-reach charts, and reduce
reliance on providers to pull the records for review.

31
Reducing A large New York health system that included 9 hospitals and
employed 850 providers had a labor-intensive manual
time-consuming process to fulfill managed care audits.

manual processes
for providers They implemented Datavant’s Digital Release of Information solution,
which incorporated an API between their EHR and Datavant’s
platform to digitally fulfill the managed care audits. This upgrade
gave the health system the capacity to process 10x the requests per
month with increased accuracy and lower costs; the number of
phone calls received from requesters also decreased by over 90%.

32

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