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

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