Report: Solving Health Plan’s Provider Data Challenges with Master Data Management Capabilities

Health plans need a provider data platform with master data management (MDM) capabilities to effectively handle ever-changing and fragmented data from numerous sources. MDM solutions are dynamic platforms that automatically ingest, master, validate, and deliver improved and reliable data to support downstream use cases across the organization. 

Health plans utilizing an MDM tool can achieve:

• A single version of data and source of truth.
• Multiple flexible data views for different use cases.
• Full traceability of all data being processed, enabling any data issues to be addressed at the source.
• Streamlined and optimized business processes, such as automated manual workflows.
• Compliance with industry standards and regulations.
• Mastered data for advanced analytics and AI/ML.

This content, featuring research from Forrester, highlights the capabilities and trends impacting modern MDM solutions and provides insight into the key components of an MDM solution that will help health plan leaders operate more efficiently, with fewer resources.