In an era where technology reigns supreme and healthcare outcomes are paramount, Lumeris stands tall as an exemplar in tech-driven value-based care innovation. The global healthcare software market is poised to skyrocket to $104 billion by 2030, fueled by the demand for streamlined processes and improved patient care. At Lumeris, we’re proud to be at the forefront of this revolution, leveraging cutting-edge technologies to transform healthcare as we know it.
Recently, we were honored to be recognized as the #4 company on The Healthcare Technology Report’s list of The Top 25 Healthcare Software Companies of 2024. This accolade underscores our unwavering commitment to excellence and our significant contributions to the healthcare industry.
While we don’t sell software independently, our software plays a pivotal role in our mission to effectively manage population health and mitigate financial risk in value-based purchasing models. Through our collaborative partnerships with top-tier health systems and physician practices nationwide, we’ve pioneered value-based care transformation. Our innovative solutions, driven by AI-infused technology, have consistently delivered superior healthcare outcomes, including enhanced patient experiences and notable reductions in total cost of care.
Over the past year Lumeris has emerged as a leader in healthcare technology, launching a new technology suite that is driving advanced population health management, care orchestration, and health plan management. Recent achievements include:
Advanced Population Health Management with Machine Learning:
We’ve developed a sophisticated ML based AI model for risk identification and stratification program, allowing us to efficiently allocate clinical resources where they’re needed most. By analyzing various dimensions such as disease burden, treatment history, demographics, and social determinants of health (SDoH), our AI distinguishes between emerging and long-term conditions, enabling effective population health management and medical cost reduction.
Enhancing Member Digital Journey and Operational Efficiencies:
We’ve reimagined the member digital journey to meet the evolving expectations of Medicare populations. Through innovative enhancements in content navigation, self-service features, and personalized member communications, we’ve seen a significant increase in member portal adoption. Moreover, strategic implementation of process automation has led to substantial operational efficiencies, resulting in significant cost savings and ongoing benefits.
Empowering the Workforce with Generative AI Applications:
We’ve pioneered the integration of custom Generative AI applications, empowering employees across the organization to leverage cutting-edge technology for enhanced productivity. From AI-powered call center applications to context-sensitive customer service solutions in our owned health plan, we’re driving innovation in customer experience. These AI-driven applications have not only reduced the learning curve for customer service representatives but also improved response time and accuracy, ultimately enhancing the overall employee and member experience.
Our inclusion in the Top 25 Companies in Healthcare Software for 2024 is a testament to our dedication to driving innovation and excellence in healthcare technology for the populations we manage. As the industry continues to evolve, we remain committed to empowering health systems and providers to fulfill the promise of value-based healthcare through a collaboration model that utilizes industry-leading technology, advanced risk management, and value-based care capabilities.