The startup develops an actuarial software platform that forecasts and quantifies the financial implications of healthcare delivery models. This platform enables organizations to evaluate financial opportunities and risks, enhancing their financial performance in a rapidly changing revenue landscape.
Funding
$16.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Healthcare organizations face challenges in accurately forecasting and managing the financial risks and opportunities associated with evolving healthcare delivery models, particularly in value-based care arrangements. Traditional actuarial processes are often complex, costly, and slow, hindering the ability to effectively analyze healthcare data and operationalize value-based care contracts. This can lead to missed savings, unclear contract performance, and unmanaged risk.
Solution
Accorded provides an actuarial intelligence platform, Acumen, that transforms raw healthcare data into actionable insights, enabling healthcare innovators to forecast, contract around, and measure the financial value of care at scale. The platform integrates seamlessly with existing data warehouses and BI tools, offering customizable outputs and insights. By automating actuarial workflows and data table creation, Accorded allows actuaries, analysts, and data scientists to focus on higher-order, strategic work. The platform's capabilities include benchmarking, claims data categorization, episode of care analysis, risk adjustment optimization, medical event prediction, and contract performance measurement.
Target Audience
Accorded targets healthcare providers, payers, ACOs, and other risk-bearing entities seeking to improve their financial performance and manage risk effectively in value-based care arrangements.
Features
- Seamless integration with existing data warehouses and BI tools like PowerBI and Snowflake
- Dynamic benchmarking tailored to specific population nuances
- Ability to structure and benchmark claims data to reflect the continuum of patient care for episodes like knee surgery or organ transplants
- Identification and accurate coding of undiagnosed conditions for risk adjustment optimization
- Predictive models for high-risk or high-cost medical events
- Contract performance measurement and reporting for value-based contracts
- Retrospective impact analysis using condition-based propensity matching against Medicare or Merative Marketscan commercial data
- Enterprise-grade security with SOC 2 Type 2 compliance, end-to-end encryption, and audit trails
- Data ETL process designed to meet the demands of complex risk businesses