CHICAGO, Sept. 24, 2015 /PRNewswire-USNewswire/ -- The Blue Cross Blue Shield Association (BCBSA) announced today the collective commitment of all 36 independent Blue Cross and Blue Shield (BCBS) companies to contribute comprehensive data on healthcare quality and costs to Blue Cross Blue Shield Axis SM (BCBS Axis SM), an industry-leading data capability that is unprecedented in scope and scale. BCBS Axis powers the transformation of healthcare by providing insights and solutions for employers, consumers and physicians to improve the quality and affordability of care.
This commitment vastly expands the volume of data included in BCBS Axis, which reflects more than $350 billion in annual claims along with 36 million provider records and more than 700,000 BCBS patient reviews. The breadth of the data makes BCBS Axis the healthcare industry's largest aggregated data resource and the only one that includes information from every ZIP code in the United States.
The data include more than 2.3 billion procedures conducted annually from more than 20,000 healthcare facilities and 540,000 physicians. It allows Blue Cross and Blue Shield companies to equip employers, consumers and physicians with accurate and actionable information based on their vast data resources. Covering 1 in 3 Americans, the Blue Cross and Blue Shield System is uniquely positioned to provide insights and intelligence on healthcare quality and cost at the local, regional and national levels by drawing on data from a network that includes more than 92 percent of physicians and 96 percent of hospitals nationwide.
"The depth, breadth and scope of the data in BCBS Axis are unprecedented," said Scott Serota, president and CEO of BCBSA. "Through our actionable data, and the speed at which it is available, we are leading a transformation of the healthcare system to improve the quality and affordability of care."
BCBS Axis gives employers a deeper understanding of their workers' care needs and utilization. Employers can quickly and accurately benchmark their organization's performance to deliver better outcomes for patients and more affordable pricing. By leveraging the data, BCBS companies also help consumers gain access to reliable and accurate information on more doctors, hospitals and procedures. This enables them to locate the right doctor at the best value and make better informed, personalized healthcare decisions. The unmatched breadth of data in BCBS Axis also powers solutions for healthcare professionals by benchmarking care delivery patterns and driving more coordinated, patient-focused care that improves health outcomes for patients.
To learn more about BCBS Axis, visit http://www.bcbs.com/axis.
About the Blue Cross Blue Shield Association
Blue Cross Blue Shield Association is a national federation of 36 independent, community-based and locally operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for more than 105 million members – one in three Americans. For more information on the Blue Cross Blue Shield Association and its member companies, please visit www.BCBS.com.
SOURCE Blue Cross Blue Shield Association