TransUnion Healthcare entered into an investment and commercial partnership with the social risk analytics company Socially Determined. The partnership will help health care stakeholders visualize social risk and create better outcomes for communities and organizations. Together, the two companies will focus on leveraging Social Determinants of Health (SDOH) and clinical and claims data to provide health care stakeholders with social risk intelligence about the individuals and communities they serve. In turn, organizations can improve the health and well-being of people at scale. SDOH are the economic and social conditions that impact health, such as housing instability and homelessness, food insecurity, lack of transportation, low education, interpersonal violence, social isolation, unemployment, and financial stress.
The partnership strengthens the power of Socially Determined’s SocialScape® platform by bringing it together with TransUnion Healthcare’s data assets and information on individual identities. This combination helps create a more complete view of social risk factors and their impact at the community and individual level. Through advanced analytics that quantify social risk and impact, SocialScape helps identify opportunities for organizations to match high-value, targeted interventions for their populations, leading to enhanced prevention, treatment, and adherence strategies at a lower cost for all.
TransUnion is a global information and insights company that provides payment collection solutions. Its Revenue Protection® solutions leverage comprehensive data, accurate insights and industry expertise to engage consumers early, ensure earned revenue is paid, and optimize payment strategies. TransUnion Healthcare helps over 1,850 hospitals and 550,000 physicians collectively recover more than $1.2 billion annually in revenue. It is a wholly owned subsidiary of TransUnion,
Socially Determined is the social risk analytics company for organizations committed to addressing the Social Determinants of Health (SDOH). The company’s flagship platform SocialScape® quantifies social risk factors and analyzes the impact of these factors on health and business metrics. The company’s team of social risk experts provides advisory services to translate these insights into actionable solutions with measurable benefits.
This was reported by TransUnion Healthcare and Socially Determined on December 15, 2020.
Contact information: Dave Blumberg, Senior Director of Public Relations, U.S. & International, TransUnion Healthcare; 312-985-3059; Email: David.Blumberg@transunion.com; Website: http://www.transunionhealthcare.com
Contact information: Trenor Williams, M.D., Chief Executive Officer and Co-Founder, Socially Determined, 1000 Maine Ave. SW, Suite 880, Washington, DC 20024; 202-480-2811; Email: email@example.com; Website: https://www.sociallydetermined.com/