LUMEDX Blog 

Value of EHRs seen by physicians—but potential unreached, study says

As electronic health records become ever more ubiquitous, physicians appreciate the value they bring to the hospital setting but would like to see them take things a step further, according to a new study.

The survey from Stanford Medicine and conducted by the Harris Poll sought answers on the current state of EHRs, the impact the technology has on their satisfaction levels, and their potential as clinical tools.

Among the findings is that 44 percent believe that the primary value of EHRs is data storage, while only 3 percent valued its clinical abilities, decision support and patient engagement. According to respondents, EHRs need better interoperability and improved analytics capabilities—as well as integrated financial information. To see the full study, click here.

"EHRs have transformed how health care is documented in the U.S., but for all the information we've now captured digitally, we are rarely wiser as a result," said Lloyd Minor, MD, dean of the Stanford University School of Medicine. “Insights that could lead to better patient care or new medical discoveries remain buried within piles of disconnected data.”

As the most data-rich environment in medicine, cardiology and its various modalities are not being served well by EHRs. Because they are not data tools, traditional EHRs alone do not collect granular data on the scale that is needed for structured reporting. On the other hand, a cardiovascular information system (CVIS) includes tens of thousands of data elements that make a patient’s complete longitudinal record available in one view. To learn how your heart center can benefit from a true CVIS, visit www.lumedx.com/workflows or email info@lumedx.com.

Posted by Jana Ballinger Monday, July 09, 2018 2:14:00 PM Categories: cardiology CVIS EHR electronic health records

LUMEDX Blog 

ASE2018 tackles value-based care, MACRA in the echo lab

As hospital administrators, service line leaders and clinicians work tirelessly to stay on the cutting edge of science and medicine, health IT is increasingly providing the solutions to many new challenges.

This was apparent to the 2,500 sonographers and physicians who attended the recent 29th annual American Society of Echocardiography Scientific Sessions to exchange information about how best to thrive in the rapidly changing U.S. healthcare environment.

On everyone’s minds was the transition from fee-for-service to value-based reimbursement. Sessions tackled such topics as the ACA, MACRA in the echo lab, strategies to reduce low-value care and more. And not surprisingly, attendees learned what a crucial role analytics play in finding ways to continuously reduce variability in care, understand cost and episodes of care, and coordinate care.

The integration of qualitative and quantitative echocardiography to better understand the physiology and anatomy of cardiac surgical patients is critical. How providers are scored is also a concern.. Resource utilization as well as quality measures by the Quality and Resource Use Report (QRUR) will affect the rate of reimbursement for more than 90 percent of all providers by 2019.

This puts more pressure on providers to improve imaging standards within the echo lab. While quality improvement (QI) initiatives are a requirement for lab accreditation, hospitals can expect things to get more intense. This includes benchmarking, for example measuring the percentage of suboptimal studies or adherence to the lab protocols.

Bottom line is that there will be a greater emphasis on increasing quality metrics and turning out quantifiable and reliable studies. This will demand that sonographers and labs, already dealing with productivity pressures, work smarter to improve image quality to meet the standards required by the changing value-based care environment.

LUMEDX can help you navigate the change with cloud-based image management and HealthView Analytics—a cutting-edge analytics platform that will help you better measure performance, monitor cost-cutting, and manage your echo image quality and turnaround times with quicker and more insightful reporting.

LUMEDX’s HealthView Echocardiography solution delivers streamlined, integrated workflow for echo labs, improving data accuracy while expanding your department’s ability to perform statistical analysis on echo events.

To learn about LUMEDX’s HealthView Echocardiography solution, go to: www.lumedx.com/echocardiography.aspx. For more information on the HealthView Analytics, go to: www.lumedx.com/healthview-analytics.aspx

Posted by Jana Ballinger Friday, June 29, 2018 10:58:00 AM Categories: ASE health IT HIT MACRA value-based care

LUMEDX Blog 

Study targets prices, admin costs as drivers of growth in healthcare spending

A new study from JAMA has found that healthcare spending in the United States is nearly double that of 10 high-income countries yet still underperformed on many population health outcomes—with prices and administrative costs as the main driver of the differences in spending.

“Health Care Spending in the United States and Other High-Income Countries” says there is little evidence that efforts to reform U.S. healthcare delivery have been much help in curbing spending. The study concludes that targeting utilization alone is not enough to reduce growth in healthcare spending, so a more concerted effort is needed to reduce prices of labor and goods, including drugs and devices, and administrative costs.

JAMA compared potential drivers of spending in the United States with 10 of the highest-income countries (United Kingdom, Canada, Germany, Australia, Japan, Sweden, France, the Netherlands, Switzerland, and Denmark) to gain insight and see what the United States can learn from these nations.

“As patients, physicians, policymakers, and legislators actively debate the future of the U.S. health system, data such as these are needed to inform policy decisions,” the study says.

With LUMEDX’s CV performance improvement software, hospitals can collect point-of-care data and get actionable insights that facilitate better clinical decision-making and improve operations. Learn more about how you can increase efficiency and lower costs with HealthView Analytics and the Cardiovascular Performance Program (CPP) by visiting lumedx.com/healthview-analytics.

Posted by Jana Ballinger Monday, May 07, 2018 9:25:00 AM Categories: analytics healthcare analytics healthcare reform HealthView performance

LUMEDX Blog 

ONC report says success of AI in healthcare hinges on good data

Without access to high-quality, reliable data, artificial intelligence will not fulfill its promise to help shape the future of public health, community health and healthcare delivery, according to a new report by JASON.

The study, "Artificial Intelligence for Health and Health Care," focuses on the technical capabilities, limitations and applications for AI in healthcare that can be realized in within the next 10 years. It says that while the availability of digital health data could allow for AI functionality in clinical practice, the quality of existing data remains a problem.

According to the study, society has been primed and the time is ripe for AI’s use in healthcare thanks to three forces:

  1. Frustration with the existing–or legacy–medical systems among patients and health professionals.
  2. Ubiquity of networked smart devices in society.
  3. Comfort with at-home services like those provided through Amazon and other technology companies.

In addition, the study offers recommendations for next steps that could accelerate the use of AI in and out of the clinical setting. They include understanding AI’s limitation in the arenas of health and healthcare. To read the full report, click here.

The study was commissioned by the Office of the National Coordinator for Health IT (ONC) and the Agency for Healthcare Research and Quality (ARHQ), with support from the Robert Wood Johnson Foundation. JASON is an independent group of scientists and academics that has been advising the federal government on science and technology issues for more than 50 years.

We at LUMEDX are thrilled with the promise AI has shown to improve the overall quality of healthcare and committed to helping hospitals gather and analyze the kind of high-quality cardiovascular data needed to get better outcomes at lower costs. To this end, LUMEDX recently released the new HealthView Analytics and is currently piloting embedded workflow analytics. Learn more by visiting www.lumedx.com/healthview-analytics or email us at info@lumedx.com.

Posted by Jana Ballinger Tuesday, April 10, 2018 1:39:00 PM Categories: AI analytics artificial intelligence ONC

LUMEDX Blog 

300 attend webinar to plan for ACC CathPCI v5 update

With the American College of Cardiology’s update of the NCDR® CathPCI Registry® to version 5 fast approaching, 300 LUMEDX users attended our third and final informational webinar earlier this week to prepare clients for a smooth transition. Our first and second webinars were attended by a total of 125 users. Thank you all!

The mandatory CathPCI v5 update goes into effect April 1. As part of your valid Support and Maintenance Agreement, you will be provided with the required updated LUMEDX software components.

Because there have been extensive changes to what the ACC is requiring, and hemodynamic interfaces will be impacted, we wanted to offer pre-planning sessions to assist our clients in their preparation. We are excited to have had so many clients participate in our CathPCI v5 planning session, which answered questions including:

  • How do I determine the scope of the upgrade for my site?
  • How can I prepare now for the update?
  • What should I do after the update is released?
  • What about any customizations made in version 4.4?

If you missed the webinar or simply want to hear it again, a recording can be found by logging in to the Forum page here. Email any further questions to info@lumedx.com or contact your Client Success Manager.

Posted by Jana Ballinger Wednesday, March 14, 2018 3:13:00 PM Categories: ACC American College of Cardiology CathPCI registries

LUMEDX Blog 

Health IT study identifies value-based care, analytics as top priorities

Healthcare providers are prioritizing value-based payment models in 2018 IT budgets and data analytics is the category most likely to see an increase in spending, according to a survey from healthcare advisory firm Damo Consulting.

According to the study, the biggest drivers of technology spending in the healthcare sector are value-based care initiatives (60.5 percent), patient engagement and care management (57.9 percent), enterprise digital transformation (47.4 percent), and considered cybersecurity and ransomware (39 percent).

The study also asked respondents which technology areas they think will see increased spending in 2018. Data analytics was the single biggest area identified, with 76.3 percent. Nearly half (47.4 percent) believe that AI and cognitive spending will increase in 2018, followed by digital health (44.7 percent).

When questioned about the biggest obstacles for growth in healthcare IT spending, a majority (60.5 percent) of respondents cited a lack of enterprise readiness for new technologies. Fifty percent of respondents believe interoperability challenges to be the second biggest obstacle and 47.4 percent indicated insufficient/unproven ROI on new IT solutions.

Among the other findings is that the CIO remains the most important decision maker (23.7 percent) for technology solutions and services in their client organization. However, other titles are gaining importance, such as CFO, CTO and CMIO.

Damo sought input from 38 individuals at global technology firms, population health management companies, digital health organizations and more. To read more, download the survey here.

At LUMEDX, we know that analytics and value-based care go hand in hand. Actionable insights from your data are key for health organizations making the transition from a fee-for-service payment model. For more information about how our HealthView Analytics offering can help you, visit lumedx.com/healthview-analytics or email info@lumedx.com.

LUMEDX Blog 

Visit LUMEDX at ACC.18 and NCDR.18 in Orlando

Join LUMEDX at the American College of Cardiology 67th Annual Scientific Session & Expo (ACC.18)—the largest gathering of innovative cardiovascular products and services under one roof—and the National Cardiovascular Data Registry Annual Conference (NCDR.18), a 2½-day program held right before ACC.18 that aims to help hospitals and health systems blaze trails in quality improvement.

During ACC.18, LUMEDX will be at Booth 3007 in the Interventional Pavilion, showcasing our cutting-edge software and services designed to help hospitals improve care and reduce costs across the cardiovascular service line. Schedule a meeting here to learn all about the latest CV data management tools and our new analytics-driven Cardiovascular Performance Program.

ACC.18 is March 10-12 at the Orange County Convention Center in Orlando, Florida. Expo hours are 9:30 a.m.-4:45 p.m. Saturday and Sunday, March 10-11, and 9:30 a.m.-2 p.m. Monday, March 12. The conference features content in 11 learning pathways, each narrowing in on a different clinical specialty of cardiovascular disease, including Interventional Cardiology, Congenital Heart Disease, Prevention and more.

An estimated 13,000 healthcare professionals will attend the event that is packed full of networking opportunities and chances to discuss and debate the latest science and information with the world’s top experts. For more information about ACC.18, click here.

If you are attending NCDR.18, be sure to stop by the LUMEDX table to see how the No. 1 independent provider of ACC-NCDR® registry software can help your hospital go beyond data collection with innovative ways to drive quality and contain costs.

NCDR.18 will be held March 7-9 at the Caribe Royale Orlando and is expecting a turnout of 1,700 registry professionals, quality improvement professionals, physicians and administrators. Exhibit hours are 5:30-8:30 p.m. Wednesday, March 7, 6:30 a.m.-7 p.m. Thursday, March 8, and 7 a.m.-2:45 p.m. Friday, March 9. For a complete agenda, click here.

Posted by Jana Ballinger Tuesday, February 20, 2018 9:51:00 AM Categories: ACC American College of Cardiology analytics cardiology health information technology health IT healthcare analytics HIT NCDR

LUMEDX Blog 

LUMEDX showcases data intelligence tools at HIMSS18

LUMEDX will be demonstrating its powerful analytics and data management tools at the HIMSS Annual Conference & Exhibition, where more than 45,000 healthcare professionals from more than 90 countries will gather for the premier health information and technology conference.

Scheduled for March 5-9 at the Venetian-Palazzo-Sands Expo Center in Las Vegas, HIMSS18 is a one-stop shop for the education, innovation and collaboration professionals need to continue the transformation of healthcare through IT.

Come by Booth 12340, Level 1, Hall G, to learn how LUMEDX’s data intelligence solutions can help achieve better performance while reducing costs. Click here to schedule a demonstration of how meaningful analytics can monitor, measure and improve all aspects of cardiovascular services.

Exhibition Hall hours are limited to 9:30 a.m.-6 p.m. Tuesday and Wednesday, and 9:30 a.m.-4 p.m. Thursday.

Throughout the conference, HIMSS18 will include a full slate of networking opportunities, five keynote addresses, government sessions, specialty education tracks and more. Data Analytics/Clinical and Business Intelligence is one of 23 in-depth topics that will be explored in the 300-plus educational sessions being offered.

Other subject matters to be tackled include:

  • Improving Quality Outcomes Through Health IT
  • Health Information Exchange, Interoperability and Data Integration
  • Privacy, Security and Cybersecurity
  • Emerging Payment Models for Value-Based Care
  • Process Improvement, Workflow, Change Management

For more information about educational sessions, keynote speakers or registration, please visit www.himssconference.org.

Posted by Jana Ballinger Monday, February 12, 2018 9:25:00 AM Categories: analytics data healthcare analytics HIMSS

LUMEDX Blog 

Value-based care is here to stay, will get boost from analytics, study says

Despite 2017’s cancellation of mandatory bundled payments, the value-based care movement in the United States is still healthy and will benefit in 2018 from analytics, according to a report from Washington, D.C.-based healthcare consulting firm Avalere.

In “2018 Healthcare Industry Outlook,” Avalere says new ways to collect data and advanced analytic capabilities are revitalizing efforts to turn data into insights that can inform policy and improve clinical workflows. This supports the shift to value-based care, which has continued even as the Trump administration backs away from large-scale mandatory models.

In November, the Centers for Medicare and Medicaid Services (CMS) canceled a plan for mandatory hip fracture and cardiac bundled payments that was slated to go into effect Jan. 1, sparking some concern that the action signaled a move away from value-based care. But then on Jan. 9, the CMS launched a new, voluntary bundled payment model that will be considered an alternative payment model (APM) for purposes of Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) reporting.

This, along with evidence from Avalere that the private sector has not reversed course, tells us that interest in strategies to move away from the traditional fee-for-service payment model has not waned.

“Despite political transitions and revisions to Medicare bundled payment programs, the U.S. healthcare system’s transition to APMs has remained steady,” the report says. In 2017, some of the largest commercial plans were running nearly 50 percent of their medical spend through APMs and aim to go higher, according to Avalere.

Because value-based care rewards healthcare providers who prioritize better outcomes for their patients, leaders are turning to technology investments that can lower costs and improve care quality. Avalere says that data reliability and accessibility, including capturing information and creating algorithms, will drive outcomes-based contracting and a transition toward APMs.

“Success in APMs will require providers to create better infrastructure for proactive care management, data analytics, and timely integration of disparate data,” the report says. “More widespread availability of real-world data will enable new entities to leverage analytics and insight to benefit patients and their providers.”

An outcomes-driven environment requires fast and easy access to clinical and financial intelligence that can shine a light on the best possible course forward. To learn how LUMEDX data analytics can help your organization in the transition to value-based care by becoming more efficient and improving patient satisfaction, get information about the Cardiovascular Performance Program or email us at info@lumedx.com.

LUMEDX Blog 

Health execs hopeful about big data and analytics, new study says

​Hospital executives are optimistic that big data and analytics will achieve broader adoption in healthcare over the next two years, helping organizations maximize their return on IT investments, according to a new study by SAP and Oxford Economics.

Technology is dramatically affecting the healthcare industry and delivering new value, says the study, “Digital Transformation in Healthcare: A Positive Prognosis,” which surveyed nearly 400 hospital executives. Growth, competitive advantage and customer experience depend on the latest technologies, according to 70 percent of respondents.

Asked about specific technologies likely to achieve broader adoption over the next two years, 76 percent of healthcare leaders predicted big data and analytics, 65 percent cited cloud computing, 46 percent named the Internet of Things (IoT) and 28 percent said artificial intelligence (AI).

What might all this mean for cardiac and vascular departments? At LUMEDX, we have seen the shift to value-based payment models and the increasing importance of patient experience result in a greater reliance on data among our customer base—and a greater need for more sophisticated data analytics.

As tools and technologies evolve, we think cardiovascular service lines can be at the forefront of the digital transformation in healthcare. Performance analytics, highly efficient cardiovascular workflows, and optimal integration of clinical and operational data help our clients improve outcomes, radically reduce costs and increase revenue contribution to the hospital. To learn more, read about LUMEDX’s Cardiovascular Performance Program.

Posted by Jana Ballinger Thursday, January 04, 2018 9:37:00 AM Categories: analytics healthcare analytics performance
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