Posts From June, 2016

Spotlight on Analytics, Part 3 

Q&A with Gus Gilbertson, LUMEDX Products Manager

Financial Impacts on Healthcare

Q: What are some of the key financial challenges facing healthcare providers today?

A: One of the big challenges is the rapid technology change from health tracking, diagnosis, and risk modelling. That, combined with growing care quality and population management solutions, will change the way we look at health.

Q: What are the financial benefits of using data analytics for healthcare providers?

A: The key financial benefits for providers are the ability to manage patient risk and tailor care plans more efficiently to improve patient health. Healthier patients will likely get better jobs and be able to afford more healthcare. (Who isn’t willing to spend on their family’s health?)

Remember, value equals cost / quality, so lower cost increases value and higher quality increases value. The U.S. healthcare industry is spending a lot of time looking at value in recent years. Patients, too, are slowly shifting to an awareness that they need to measure the cost of care against the quality of care.

Better targeting of care pathways and therapies will reduce variations in care and make the whole industry more efficient. By reducing costs and improving quality, providers and payers who embrace the new technologies will attract patients and payers looking for value.

Q: How does healthcare analytics tie into the trend toward evidence-based care?

A: Evidence from labs, meds, genomics and related biometrics will lead to more personalized medical care.

Q: How can hospital management use healthcare analytics to make financial improvements?

A: The keys to financial improvements in healthcare come from making efficient use of resources--from supplies to provider time, and from reducing variations in care due to identifiable variations in health status. The keys to success are understanding labor dynamics, making sure that the major care pathways are well defined and efficient, and managing outlier cases effectively.

Stay tuned for Part 4 of Spotlight on Analytics, where we'll discuss CV service line analytics. 

 

Posted by Monday, June 27, 2016 2:17:00 PM Categories: analytics healthcare reform healthcare today HIT hospitals

CVIS for management and analysis of cardiovascular data insights 

The CVIS: What It Is Today and Where It’s Headed

It's no secret that healthcare in the United States is moving away from the fee-for-service model toward a value-based system that reimburses for positive health outcomes. The value of improved clinical outcomes is obvious—for patients, for providers, and for payers. As the healthcare industry shifts to value-based care, measuring and monitoring outcomes becomes increasingly important. Hospitals and payers must seek new and deeper ways to track performance.

In the cardiovascular specialties, the American College of Cardiology’s National Cardiovascular Data Registry (NCDR®) and the Society of Thoracic Surgeons’ (STS) national databases have set the standards for care for decades. The data sets required by the registries, and systems that have developed around managing that data, were the foundation of the original cardiovascular information management systems.

Over time, Cardiovascular Information Systems (CVIS) grew to capture significantly more data, resulting in more automated workflows and much more complete pictures of patient care. Today’s CVIS includes hemodynamic monitoring, ECG management, Echo management, structured reporting, and Picture Archiving and Communications (PACS) systems data. The CVIS of today can—and should—provide a 360°-view of the quality of a cardiovascular service line’s clinical care.

Chris Winquist, LUMEDX President and COO, discusses the CVIS.

Registry Data – Only the Basics

Through participation in the cardiovascular registries, CV service lines can understand their level of care compared with national counterparts. The national registries produce quarterly reports on comparative clinical outcomes, and offer insights for various stakeholders, from payers to individual physicians.

However, data insights only have value when they can affect change, and to do that, they must be timely. Because ACC and STS registry outcomes reports are made available only on a quarterly basis, change can be slow. Change in the kinds of processes and practices that affect outcomes can take up to a year or more after data is collected, submitted, and then reported. By the time a facility receives its outcomes report, the data originally submitted—and thus the registry report itself—is stale.

It's also important to note that registry data is only a basic set of the total data that could be analyzed and used to affect change. With today's ability to collect a much larger set of discrete data points in an efficient manner, deeper insights are possible, and decisions about clinical and operational strategy can be made at the local level.

Today's CVIS Leverages Data to Improve Your CV Business

Historically, the healthcare industry has generated large amounts of data, driven by compliance and regulatory requirements, and the need to deliver and demonstrate evidence-based patient care. But much of that data varies in format and location, and the ability to derive meaningful insights from it has been slow.

The opportunity for data to provide valuable insights in cardiovascular care is now available. We call it LUMEDX data intelligence, and leveraging this intelligence transforms the CVIS into something that goes beyond an information repository, data warehouse, or workflow efficiency tool.

The HealthView CVIS not only collects and warehouses data, but also provides drill-down ability to gain deep insights into every aspect of cardiac care and treatment: from risk factors to specific treatment success rates, discharge medications, readmission rates, and many more.

In fact, over the last 25 years, we've captured more than 30,000 discrete data points that are available to help you track metrics against objectives, identify outliers and trends, and work to improve patient care, population health, and business outcomes—all in one place.

The kind of deep insights that the CVIS of the (near) future will deliver will have a positive impact on the hospital as both a business and a patient-care facility. HealthView brings 21st century data intelligence to bear and eliminates the problems associated with minimal, and stale, data. Heart hospitals can now have a robust and active dataset, where new data enters the system every day. This makes the path to improved care faster, and better care means shared cost savings and dramatically improved patient outcomes.   

Posted by Monday, June 06, 2016 11:58:00 AM Categories: analytics cardiology data Lumedx
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