IPG Selected as 2013 CIO 100 Award Winner for their Technological Innovation in Healthcare
IPG, the leading nationwide provider of Implantable Device Benefit Management (DBM) solutions, was named a recipient of the 2013 CIO 100. The 26th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
"For 26 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & events. "Our 2013 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage." The implantable device market is one of the fastest growing segments of medical expense with annual spend in the United States of over 125 Billion and growing at a 6.6% rate. Built on the intelligence and expertise from IPG’s proven DBM model and patent-pending innovative technology and device algorithms, the IPG solution delivers never before seen transparency in creating informed consumers and improving quality and cost of healthcare for surgical procedures.
According to Marty Smith, CIO of IPG, “We have taken all of the intelligence and experience from our proven implant management model and built out deep and transparent analytics to create an interactive solution that establishes much needed industry benchmarks for our partners to evaluate and reward effective cost and quality care for the consumer. IPG is excited to be named a recipient of the 2013 CIO 100.” IPG recently launched IPG PathFinder 360, the cost and quality spotlight for implantable procedures. The new product leverages big data to understand the cost and practice variations around implant spend to manage risk and deliver actionable information to their stakeholders, while establishing collaborations among the parties that are delivering healthcare. IPG assists Health Plans in developing, implementing and monitoring reimbursement and collaborative programs around implantable device procedures that uniquely fit within their objectives around providing the highest quality of care at the appropriate cost.
Executives from the winning companies will be recognized at the CIO 100 Symposium & Awards Ceremony, to be held Tuesday evening, Aug. 13th at The Broadmoor in Colorado Springs, Colorado.