Aver Informatics, Inc. Launches Aver Technology - Democratizes Health Care Data
In the universe of new ideas it’s rare to find something that is actually new, and that really works. Introducing Aver, a new software as a service technology launched by Aver Informatics that revolutionizes the way healthcare organizations manage their business. Aver is an innovative and intuitive data exploration tool that allows users of any skill level to extract, analyze, compare and share data from different operational systems throughout an organization, resulting in millions of dollars of revenue for large healthcare enterprises. Extolled as grassroots analytics, health care savings are captured by unlocking the untapped potential of subject matter experts working within the healthcare institutions that are inhibited by legacy tools. Aver breaks down the barrier between information technology and healthcare expertise. Cross functional experts with knowledge of the issues can rapidly diagram in a collaborative environment, modeling data, testing, and deploying solutions that resolve interdisciplinary challenges. Powerful insights expose transformative relationships in the data preventing incorrect claims payments, improving clinical outcomes, and increasing operational efficiencies.

“Aver was developed to assist entities throughout the healthcare industry by using data to explore and model solutions to problems and constraints experienced by payers and providers,” said Kurt Brenkus, Aver President and CEO. “We have an urgent need to improve the way our healthcare system operates when we consider the nearly $150 billion lost every year due to incorrect and improper claims payments. With Aver, we can create immediate and sustainable change within the healthcare system and make a significant contribution toward healthcare reform.”

Aver’s unique features allow users at every level of an organization to access and interact with data without having to rely on critical IT resources which are often stretched thin. This ability provides subject matter experts with the information they need to quickly identify problem areas and develop cost-saving solutions. Aver also
allows payers and providers to take a partnership approach by collaborating with real- time information to enhance care management, track episodes and improve outcomes for individuals and aggregated groups.

Aver recently completed its first pilot with Group Health Cooperative of South Central Wisconsin (GHC-SCW), a 66,500 member plan. During the 3-month test period a validation of the tool against existing claim payment reports and a further review of other opportunities for improvement were identified. With the review process, cost- savings were identified through streamlining of operational efficiencies. Bob Mielke Insurance Operations Manager reflected on the pilot, “I was impressed with the staff I worked with and their understanding of the health care insurance business. They were able to consume the data we provided quickly and GHC-SCW was able to validate the data within a short time.”

Aver Informatics, Inc. was formed in 2010. As of June 30th, 2011, Aver has secured over $1.3 million in funding from prominent Wisconsin investors including Shamrock Partners, Wisconsin Investment Partners and Silicon Pastures, as well as individual angel investors from around the country.

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Aver Informatics Inc., based in De Pere, Wisconsin, builds easy-to-use data management tools designed to improve operational efficiencies throughout the healthcare industry, resulting in increased revenue for payers and providers, and improved quality outcomes for patients. For more information about Aver, contact Karen Babcock, Director of Business Development, at 216.202.0072 or Karen.Babcock@averinformatics.com, or visit Aver’s website at www.averinformatics.com.