Informatica Powers Connecticut's Thriving Health Insurance Marketplace
13 Maio 2015 - 5:00PM
Informatica Corporation (Nasdaq:INFA), the world's number one
independent provider of data integration software, today announced
that it is providing the crucial data integration backbone for
Connecticut's flourishing health insurance marketplace, Access
Health CT. With one of the best sign-up rates of any health
insurance exchange the country, Access Health CT has been so
successful that Connecticut intends to franchise the technology,
selling an "exchange in a box" to other states.
"From day one, Informatica has been a linchpin of Access Health
CT's ability to successfully address the needs of Connecticut's
uninsured citizens, on deadline and well within budget," said Peter
Nichol, director of IT, Access Health CT. "We faced some distinctly
non-standard challenges, from a large range of data types and
sources, to data timeliness and trustworthiness, to compliance, all
capped by an aggressive go-live schedule. Informatica provides us
with the advanced data integration capabilities we need while
saving us enormous amounts of time, effort and money."
Established to satisfy requirements of the federal Affordable
Care Act (ACA), Access Health CT went live in September 2013, prior
to the ACA October 1 deadline and five percent below budget. More
than 282,000 Connecticut residents - 53 percent of which were
previously uninsured - have subsequently enrolled through the
exchange, dropping the state's uninsured rate by 50 percent.
Significantly, 83 percent of qualified health plan enrollees and 91
percent of Medicaid enrollees report satisfaction in using the
system.
Behind the scenes, Access Health CT uses Informatica PowerCenter
and Informatica Advanced Data Transformation software to help
ensure the accuracy, efficiency and performance of the exchange.
This includes:
- Accelerating the integration and transformation of data in
disparate formats across multiple internal and external entities,
from insurance carriers to government agencies.
- Delivering a single, authoritative view of individuals,
families, businesses, health insurance plans and program
participation.
- Reducing error rates, waste, fraud and abuse while improving
eligibility accuracy through advanced data matching and identity
resolution technologies.
- Meeting stringent data governance and reporting mandates (e.g.,
IRS and Medicare reporting) and increasing transparency to citizens
and other agencies.
- For example, Informatica software extracts the enrollment data
and transforms it automatically, out of the box, while ensuring the
resulting file adheres to HIPAA and X12 standards.
- Informatica also enables Access Health CT to avoid the creation
of costly custom routines for mapping data to the warehouse,
resulting in an easier to maintain and more flexible management
reporting environment with faster processing times.
"The data integration challenges faced by Access Health CT are
shared with other health insurance exchanges and increasingly with
private and public sector organizations around the world, which are
building the complex systems that will enable them to thrive in
today's economy and society," said Amit Walia, senior vice
president and general manager, Data Integration and Data Security,
Informatica. "Informatica has partnered with Access Health CT to
provide a flexible, high performance and secure data integration
infrastructure that has helped the organization hit the ground
running in serving Connecticut with an efficient health insurance
marketplace."
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About Informatica
Informatica Corporation (Nasdaq:INFA) is the world's number one
independent provider of software. Organizations around the
world rely on Informatica to realize their information potential
and drive top business imperatives. Informatica Vibe, the
industry's first and only embeddable virtual data machine (VDM),
powers the unique "Map Once. Deploy Anywhere." capabilities of the
Informatica Platform. Worldwide, over 5,800 enterprises depend on
Informatica to fully leverage their information assets from devices
to mobile to social to big data residing on-premise, in the Cloud
and across social networks. For more information, call +1
650-385-5000 (1-800-653-3871 in the U.S.), or visit
www.informatica.com. Connect with Informatica at
http://www.facebook.com/InformaticaCorporation,
http://www.linkedin.com/company/informatica and
http://twitter.com/InformaticaCorp.
###
Note: Informatica, Informatica PowerCenter, Informatica Advanced
Data Transformation, Informatica Platform and Informatica Vibe are
trademarks or registered trademarks of Informatica Corporation in
the United States and in jurisdictions throughout the world. All
other company and product names may be trade names or trademarks of
their respective owners.
CONTACT: Shira Frantzich
Informatica Corporation
+1 650 385 5674
sfrantzich@informatica.com
Steve Bauer
Informatica Corporation
+1 650 385 4159
+1 650 670 7135
stbauer@informatica.com
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