The journey of achieving the healthcare Quadruple Aim is wrought with inevitable disruptions. Healthcare organizations face challenges across Political, Economic, Social, and Technological dimensions. However, there are opportunities for those that embrace the disruptions of the PEST model. (You can learn more about the model and how to tackle it with the Healthcare Analytics Value Framework.)
The journey of achieving the healthcare Quadruple Aim is wrought with inevitable disruptions. Healthcare organizations face challenges across Political, Economic, Social, and Technological dimensions. However, there are opportunities for those that embrace the disruptions of the PEST model. (You can learn more about the model and how to tackle it with the Healthcare Analytics Value Framework.)
One such organization that saw value-based care as a key analytics driver was Anne Arundel Health System (AAHS), out of Annapolis. As a Maryland-based care provider, they are required to manage their patient populations for a fixed reimbursement amount. Armed with a clear and integrated analytics strategy, AAHS built solutions (detailed and showcased in the video below) which address the mountain of data and have a real impact on quality outcomes and drive down costs for the residents they serve.
At minute 1:52, take note how quickly AAHS is able to identify the best clinicians for a particular service line (say Cardiology or Orthopedics) or even a particular procedure, based on patient risk, outcomes, and true costs. That ability to zoom into that insight in mere seconds is critical in the fast-paced world of care delivery.
They understood that to improve data-driven decision making that they needed technology that could seamlessly associate clinical and financial data in an intuitive and design-forward manner. And to truly enable these capabilities at the point of care, the ability to embed their applications within their EHR (Epic Hyperspace integration) was critical to put the data in the hands of the decision makers (the clinicians). Not only the privileged few.
Everybody must be onboard for the necessary progress to be made in the transition to value-based care. As noted in the article 6 keys to building an effective analytics program by Dr. George Reynolds, AAHS described that "the need to combine clinical and operational data has become an organizational imperative. Mr. Lehr explains, “They’re not separate, at all, anymore. …the days of being able to change the way you’re coding or do some simple changes in denials management and have that make a huge impact to your bottom-line—I think those days are gone. And really, the biggest ways that you can, as an organization, change your bottom-line is through clinical optimization and clinical innovation. …Whether it’s the VP of Revenue or the CFO or—of course—the doctors and nurses, everybody is focused on clinical innovation.”
To be successful, innovation with analytics can no longer be an IT-only project. With capable leadership, a clear strategy, and a sophisticated but easy to use, agile visual analytics platform: value can actively be extracted from the insights in your healthcaredata.
I encourage you and representatives of your healthcare organization to join us and the 48,000 people of HIMSS17 at Booth #1035 to get hands-on with dozens of healthcare analytics solutions, including example apps from Anne Arundel Health System. Interested in joining your healthcare peers for breakfast and a briefing on operationalizing analytics? Please join us on Monday, February 20 at 7:15 am in Room 203B. You can register right here