Posts in Category: analytics

LUMEDX Blog 

LUMEDX at RSNA 2017: Visit Booth 6235 for the latest in CV data intelligence

​Come see LUMEDX at the upcoming 103rd Scientific Assembly and Annual Meeting of the Radiological Society of North America (RSNA) in Chicago and get the most up-to-date information about our cardiovascular service line and data intelligence tools.

RSNA 2017 will be held Nov. 26-Dec. 1 at the McCormick Convention Center. LUMEDX will be at Booth 6235, North—Hall B. The exhibition hall will be open 10 a.m. to 5 p.m. Nov. 26-29 and from 10 a.m. to 2 p.m. Nov. 30. About 25,000 attendees and 500 technical exhibitors are expected to attend the conference.

Learn more about our cardiovascular data intelligence offerings, which includes innovative software and services to help streamline care delivery, improve outcomes and dramatically reduce costs. Demos of LUMEDX’s powerful PACS and data management tools will also be available.

To schedule a meeting or demo, please click here.

Posted by Jana Ballinger Monday, November 20, 2017 10:27:00 AM Categories: analytics cardiology PACS

LUMEDX Blog 

Full-scale adoption of AI still a long way away, new study says

While the use of clinical and business intelligence tools is on the rise in healthcare, the hype surrounding artificial intelligence is unlikely to lead to full-scale adoption for quite some time, according to a new study by the Healthcare Information and Management Systems Society (HIMSS).

In the HIMSS 2017 Essentials Brief: Clinical and Business Intelligence, 23.5 percent of respondents said they expect their organizations to begin using AI within two years, 24.7 percent said within the next three to five years and 8.2 percent said six to 10 years. Only 4.7 percent said their organizations were already using AI and just 10.6 percent said they expect their organizations to begin leveraging AI within the next 12 months.

The prevailing belief seems to be that the technology just isn’t ready yet. Some 37 percent of respondents said further AI development is needed, 23.5 percent said the business case for AI was still unproven and 19.8 percent cited infrastructure constraints within their organizations. When questioned about barriers in the industry overall, 50 percent of respondents said they believe the technology is still in development and current opportunities to apply it to healthcare are difficult to understand.

Here are some of the other findings:

  • Clinical and Business Intelligence solution adoption rates for the U.S. healthcare market in 2017 are 48 percent and 62 percent, respectively.
  • Data governance, an important pre-requisite for the success of data analytics, has shown significant improvement in the “highly optimized” and “strong” categories from study respondents who were asked to qualify their efforts in this area.
  • While leveraging clinical analytics to meet Meaningful Use (MU) requirements and reporting remains the primary area of focus (nearly 70 percent of respondents), there has been an increase in the focus on population health year over year from roughly 20 percent in 2016 to 30 percent in 2017.

To learn more about the HIMSS findings, download the study here.

Clinical and financial business intelligence solutions have become essential to healthcare organizations in the move from volume to value-based care and in the development of new models of care. LUMEDX offers comprehensive, integrated cardiovascular data intelligence and imaging solutions—all with seamless connectivity to your enterprise systems (EHR/HIS).

For more information, download the Cardiovascular Performance Program Info Pack.

Posted by Jana Ballinger Monday, November 13, 2017 10:23:00 AM Categories: analytics data EHR HIMSS value-based purchasing

LUMEDX Blog 

Healthcare leaders believe predictive analytics will yield significant savings

More than half of healthcare executives polled in The Predictive Analytics in Healthcare Trend Forecast by the Society of Actuaries expect the use of predictive analytics to shave a significant amount off their organization’s budget. Fifty-seven percent of study respondents believe predictive analytics will save 15 percent over the next five years, with 26 percent expecting savings of more than 25 percent over the same period.

Despite hurdles such as cost, 93 percent of those polled believe analytics are important for the future of their business. The study, which polled 223 provider and payer executives, found that while just 47 percent currently deploy predictive analytics, 88 percent plan to either launch or expand current initiatives in the next five years. 

“This data underscores the value executives place on predictive analytics across both payer and provider organizations,” says Ian Duncan, a fellow at the University of California at Santa Barbara and one of the study’s authors. “As value-based care gains prominence, smart organizations are leveraging predictive analytics to forecast health and clinical outcomes to help achieve the Triple Aim.”

In the below video, LUMEDX Vice President of Strategic Products Praveen Lobo notes that even near-real time data analysis represents a major step forward on the path to healthcare’s Triple Aim. Watch the video to learn how analytics enables improved decision-making for physicians as well as CV leadership.

 


Praveen Lobo, Vice President of Strategic Projects, talks about how analytics can help cut costs while improving your hospital's outcomes and patient satisfaction.

 

The leader in cardiovascular data intelligence and a pioneer in cloud-powered healthcare solutions, LUMEDX offers an all-inclusive suite of software and services that enables meaningful analytics, high-performance workflows, optimal integration of clinical and HIS data, and better continuity of care.

For more information on LUMEDX’s HealthView Analytics and the Cardiovascular Performance Program, visit lumedx.com/cardiovascular-performance-home


Posted by Jana Ballinger Monday, September 18, 2017 9:16:00 AM Categories: analytics healthcare analytics

LUMEDX Blog 

3 ways to get buy-in for predictive analytics tools

analytics

Predictive analytics promise better outcomes and lower costs—but they can’t deliver if the tools aren’t being fully embraced.

Getting service line leaders and physicians to use predictive analytics is sometimes more difficult than you’d think, even though the National Academy of Medicine says one-third of the U.S. healthcare system’s resources—$750 billion each year—is spent on unnecessary services and inefficient care. So what’s standing in the way of getting buy-in when it comes to the kind of tools specifically designed to reduce wasteful spending?

Meetali Kakad, Ronen Rozenblum and David Westfall Bates, writing for the Harvard Business Review, interviewed 34 key figures from leading U.S. health systems, policy makers and predictive analytics vendors to find out how to get more buy-in. Here are some of the lessons learned:

1. Engage everyone. “Success depends less on the tool itself than on getting buy-in at all levels from the start,” they wrote. This includes making sure frontline employees fully understand the value of these analytics, as well as ensuring your CEOs and top leadership are educated and fully grasp the value proposition to generate support. 

2. Communicate the value. “Demonstrating the clinical impact of a predictive tool can go a long way toward engaging those who will use them,” the authors say. Giving real examples that are results-oriented is especially helpful for clinical staff who may be skeptical of “black box algorithms.”

3. Bring in the experts. The use of implementation experts to help everyone adjust gives you a marked advantage, according to the authors’ findings. These experts can work with clinicians to map workflows and spot potential challenges when introducing a new process or tool.

LUMEDX, the leader in cardiovascular data intelligence and a pioneer in cloud-powered healthcare solutions, offers a comprehensive suite of software and services that enable meaningful analytics, high-performance workflows, optimal integration of clinical and HIS data, and improved continuity of care.

For more information on LUMEDX HealthView solutions, please visit www.lumedx.com or email info@lumedx.com.

Posted by Jana Ballinger Tuesday, July 18, 2017 9:15:00 AM Categories: analytics data health information technology

LUMEDX Blog 

How real-time analytics can lead to better outcomes, lower costs

The United States health care system consistently racks up higher costs but fails to produce better outcomes, according to Mirror, Mirror 2017: International Comparison Reflects Flaws and Opportunities for Better U.S. Health Care.

Eleven of the world’s most prosperous nations—Australia, Canada, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland and the United Kingdom, plus the United States—are included in the most recent report from the Commonwealth Fund. The United States is last in efficiency; the U.S. spent $9,364 per person on healthcare in 2016, compared to $4,094 in the U.K., which ranked first on performance overall.


Praveen Lobo, LUMEDX Vice President of Strategic Products, talks about the importance of
near real-time data analytics.

With physicians and service line leaders alike working on the front lines to improve this, having near real-time data analytics available at your fingertips is paramount, says Praveen Lobo, vice president of strategic products at LUMEDX.

“When you want to improve your core parameters that you’re playing with—your outcomes and your costs—the sooner you know information about these two key metrics, the better you can affect change,” Lobo says.

Waiting for monthly or quarterly reports just isn’t an option anymore. “Retroactive data is delayed,” he says, adding that by the time reports come out so much has happened and “there’s already a lot of money that has bled by that time.”

LUMEDX helps heart hospitals collect point-of-care data and delivers actionable insights, facilitating better clinical decision-making and helping to improve business operations through increased efficiency and cost savings. For more information about LUMEDX’s approach to cardiovascular performance improvement, request a Complete Cardiovascular Performance Plan Info Pack.

Posted by Jana Ballinger Monday, July 10, 2017 9:32:00 AM Categories: analytics data

LUMEDX Blog 

Why clinical insights eclipse raw data

analyticsHealthcare providers are realizing that massive amounts of data don't do anyone any good unless this data is distilled into relevant information that improves quality of care and helps contain or reduce costs.

In fact, companies that just sell information won't last long unless they turn that raw data into analytics and clinical insights, according to an article written by three managing directors of L.E.K. Consulting and published in the Harvard Business Review.

One option is to become the authoritative source for a particular kind of information, the article says, but a better solution is to evolve from providing data to deriving insight -- transforming information to support better decisions.

"In healthcare, providers don't want data, they want solutions that lower costs and improve outcomes," the authors wrote. "(Healthcare IT) firms that deliver those solutions are the ones that will be around in five years' time."

LUMEDX, the leader in cardiovascular data intelligence and a pioneer in cloud-powered healthcare solutions, offers a comprehensive suite of technology and services that enable meaningful analytics, streamlined CV workflows, and optimal integration of clinical and EHR data. The data our systems collect and transmit can be leveraged into real-time performance insights, enabling better healthcare, reduced costs, and the best measure of good data: positive outcomes.

For more information about how we help our customers make the leap from data to insight, read about our Cardiovascular Performance Program.

Posted by Jana Ballinger Wednesday, June 21, 2017 2:49:00 PM Categories: analytics data Lumedx

LUMEDX gets ready for ASE's Scientific Sessions  

The 28th Annual Scientific Sessions of the American Society of Echocardiography, the premier event for bringing together echo experts from around the world to share learning and networking opportunities, will take place June 2-6 in Baltimore, Md.

This year, the Scientific Sessions will highlight the cycle of introducing new advances into clinical medicine: investigation-innovation-incorporation. These three themes are integrated throughout the program and cover a broad range of topics related to cardiovascular ultrasound.

LUMEDX will be at ASE in force, manning Booth 617 at the Baltimore Convention center. Please drop by to see our latest workflow and data intelligence solutions.

Exhibition hours are:

Saturday, June 3, 4:30 p.m to 6:30 p.m - President's Reception
Sunday, June 4, 9 a.m. to 4 p.m.
Monday, June 5, 9 a.m. to 4 p.m.​

Can't make ASE this year? Contact us to learn about our newest echo innovations.

Data accessibility viewed as key to closing the gap between value-based care and health IT 

​Although much progress has been achieved in digitizing the healthcare system, today's health IT infrastructure still struggles to support a transition to "value-based care," according to a new report from the American Medical Informatics Association.

"Provider organizations pursuing new models of health care delivery and payment are finding that their electronic systems lack the capabilities needed to succeed," the study asserted. "The result is a chasm between the current health IT ecosystem and the health IT ecosystem that is desperately needed."

The report, titled, "Crossing the health IT chasm: considerations and policy recommendations to overcome current challenges and enable value-based care," outlines policy recommendations for patients, providers and researchers to improve access to healthcare data for all the groups and proposes new standards for IT systems and applications.

LUMEDX, the leader in cardiovascular data intelligence and a pioneer in cloud-powered healthcare solutions, offers a comprehensive suite of software and services enables meaningful analytics, high-performance workflows, optimal integration of clinical and HIS data, and improved continuity of care.

For more information on LUMEDX HealthView solutions, please visit www.lumedx.com or email info@lumedx.com.​

LUMEDX webinar outlines the benefits of clinical data integration  

Orlando HealthHospital leaders can gain many advantages from aggregating financial, clinical and operational data to create dashboards that help them run their CV service line more effectively.

The LUMEDX webinar, "Improving Performance with Clinical Data Integration: How Orlando Health Used Dashboards to Better Manage its CV Service Line," will outline how to achieve these outcomes.

The complimentary webinar will take place Thursday, May 4, at 10 a.m. PT, 12 p.m. CT and 1 p.m. ET.

In this webinar, Rick Jones, RPH, Business Support Manager, Cardiovascular Service, Surgery and Pharmacy, Orlando Health, will outline how this comprehensive private, not-for-profit healthcare network in Florida is integrating data and making it available to decision-makers on a regular, refreshable basis to improve productivity, clinical and financial outcomes.

Click to Register

Report shows registries advancing patient care for heart patients  

Two doctors inserting stent Registries continue to improve the effectiveness and safety of patient care of heart disease in hospitals throughout the U.S.

A recent report shows registry data is providing unique perspectives into the care and outcomes of heart disease and outlines the strength of national quality programs, like NCDR, in advancing the effectiveness of patient treatments.

Published in the Journal of the American College of Cardiology, the study addressed trends in heart disease care from the American College of Cardiology's National Cardiovascular Data Registry.

The authors examined patient populations, participating centers and patterns of care based on 2014 data from four of the 10 NCDR programs -- CathPCI Registry, ICD Registry, ACTION Registry-GWTG and IMPACT Registry.

"We were able to report on the care and outcomes of patients undergoing common cardiovascular procedures, including percutaneous coronary interventions, implantable defibrillators, and interventions for congenital heart disease as well as for patients with acute heart attacks," NCDR Management Board Chair and lead author of the study Frederick A. Masoudi, MD, MSPH, FACC , said. "In some cases, hospitals are consistently providing excellent care; the registries, however, allow us to identify those aspects of care where the cardiovascular clinical community can improve."

The full report can be accessed here.

LUMEDX, as the leading independent provider of ACC and STS registry software, believes registries are key to Cardiovascular Information Systems. For more information about LUMEDX registry solutions, view a video highlighting LUMEDX Registry Interoperability.

 

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