LAS VEGAS – June 14, 2016 – As part of its ongoing leadership efforts in the healthcare industry, MarkLogic Corporation, a leading operational and transactional Enterprise NoSQL database provider, today announced its sponsorship of the HealthCare Executive Group (HCEG). MarkLogic joins industry leaders such as McKesson and NTT Data, as well as leading health plan and provider member organizations, in order to solve various challenges in the healthcare market, with a special emphasis on data integration, agility and customer service. Both organizations are attending AHIP 2016, and will have more information at their booths (HCEG booth #406; MarkLogic booth #640).
“Our goal is to build a trusted community of member and sponsor organizations who contribute to thought leadership and collectively learn, flourish and collaborate on solutions aligned with our Top Ten list—of priorities for health plans. MarkLogic is a natural fit for our organization as we pursue healthcare industry innovation, digital transformation, and data integration initiatives,” says Alan Abramson, Co-Chair of the Board for HCEG. “Working with a data integration leader such as MarkLogic will advance HCEG priorities—achieving meaningful modernization of healthcare infrastructure and operations.”
According to a MeriTalk study, data integration is the number one challenge of healthcare organizations, resulting in $342 billion in lost benefits per year. Another study discovered that healthcare providers commonly ignore 90 percent of the data they generate—a statistic that is unacceptable in today’s data-centric world. Traditional solutions like relational databases, Extract Transform and Load (ETL) tools and data silos are not designed for today’s data challenges and are not agile, timely or cost-efficient (in fact, many medical entities are struggling to eliminate data silos). To resolve these issues and realize additional benefits, healthcare organizations, agencies, suppliers and systems integrators are implementing new generation technologies like the MarkLogic database to integrate data from silos, making their infrastructure more agile in order to surpass business goals. MarkLogic will bring over a decade of data integration expertise to HCEG.
“MarkLogic aligns with industry innovators, which is why we’ve chosen to sponsor HCEG. We have the common goal of collaborating and reshaping the healthcare industry,” stated Bill Gaynor, Healthcare National Director for MarkLogic. “The most impressive aspect of HCEG is that it uniquely combines payer and provider organizations in a way that fosters trust, mutual collaboration and genuine commitment to create value and improve clinical, financial and administrative experiences.”
The HealthCare Executive Group is a national network of select healthcare executives and thought leaders, who navigate the tactical and strategic issues facing organizations today and provide a platform that promotes healthcare innovation and the development of life-long relationships. Originally the Managed Care Executive Group (MCEG), The HealthCare Executive Group (HCEG), was founded in 1988 by healthcare executives looking for a forum where the open exchange of ideas, opportunities for collaboration, and transformational dialogue could freely ensue. For more information, please visit www.hceg.org
MarkLogic helps customers create value from complex data faster. Our platform ingests data from any source, creating and refining metadata to support powerful models. Customers use these models for deep search and query, building enterprise applications and bringing unique insights to analytics and machine learning.
Vector Capital is a San Francisco-based leading global private equity firm focused on transformative investments in technology and technology-enabled businesses. Founded in 1997, Vector oversees approximately $4 billion of capital across its private equity and credit strategies from a variety of investors including university endowments, foundations, and financial institutions. With our disciplined approach to valuation and deep-rooted operational experience, Vector has generated competitive returns and established a successful track record spanning nearly 25 years. For more information, please visit www.vectorcapital.com.