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

Don’t let obsolete devices jeopardize your medical data 

As anyone with a mobile phone can attest, technology is moving so fast it doesn’t take long for the next big thing to become antiquated. This rapid rate of change creates many challenges, and one of the most critical is the retention of important information even as the devices collecting and storing that information become obsolete.

In fact, a study by the University of British Columbia tracking the accessibility of scientific data over time found that 80 percent is lost within two decades thanks to outmoded storage devices and old email addresses.

Now imagine all the clinical and operational data that’s collected within hospital walls, data that must be retained when new technology and new clinical devices are installed. 


Mickey Norris, LUMEDX Southeast Sales VP and General Manager, talks about preserving crucial data.

“As devices become obsolete, we remove them from service and bring in something new,” says Mickey Norris, Southeast Sales VP and General Manager at LUMEDX. “But the problem is that when you remove these devices from service, you’re also removing all the data they collected in the past. So, as you throw out the device you risk throwing out years of relevant data.”

While some device information is transmitted to another system, like an EHR, if it is not captured as discrete data it is not available for analysis. This problem can be avoided by extracting discrete data elements, he says. LUMEDX’s database is designed to extract more than 20,000 data elements from the start, according to Norris.

“We believe that any piece of information that’s collected is going to be relevant. Maybe you don’t see the value of that data point today, but you will in the future,” he added. “Most of the time we don’t know what’s going to be relevant in the future, but if we’ve collected it we can take that information and act upon it in the future.”

With meaningful analytics that enable you to monitor, measure and improve all aspects of cardiovascular information services, LUMEDX's data intelligence tools and packages help drive performance while reducing costs.

Email info@lumedx.com to learn more about LUMEDX HealthView workflow solutions.

Posted by Jana Ballinger Tuesday, September 05, 2017 1:16:00 PM Categories: data devices health information technology

Physicians must have access to data anytime, anyplace 

Electronic health records could improve healthcare for millions, but heightened functionality is needed to better support clinicians and patients, according to a report from the Journal of the American Medical Informatics Association.

“The adoption and use of electronic health records could greatly improve health care and lead to better patient outcomes, yet many clinicians are dissatisfied with current EHR systems,” says Alex Krist, M.D., the study’s lead author and associate professor of family medicine and population health in the Virginia Commonwealth University School of Medicine. “Enhancements to electronic record functionality are needed to better support care.”

According to an article from VCU about the AMIA report, EHRs must go beyond documentation and start interpreting and tracking information over time. Other needed improvements cited in the article include better integration of care across settings and the advancement of information exchange to coordinate care across clinicians and settings.

Posted by Jana Ballinger Tuesday, August 01, 2017 2:57:00 PM Categories: EHR electronic health records Lumedx

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

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

Increasing physician satisfaction 

Access to relevant patient data anywhere and anytime via a CVIS with integrated PACS means greater efficiency, productivity—and flexibility

Physician satisfaction is inextricably linked to patient satisfaction, so it stands to reason that helping doctors provide unparalleled care in an efficient, streamlined way is crucial to the success of any healthcare enterprise.

“Cardiologists are very focused. They like to get their work done efficiently, effectively,” says Laurel Shearer, executive vice president at LUMEDX. “They don’t want any impediments to doing the best job that they can possibly do. They like to see good patient outcomes and they like to have the information they need to get good patient outcomes.”


LUMEDX Executive Vice President Laurel Shearer talks about the importance of physician
satisfaction and how it relates to hospital revenue.

So how do you make sure your cardiologists have all the information they need at their fingertips? Shearer offers her perspective in the video above.

Doctors don’t just want information at their desk, she says. If they’re working at the clinic, they need access to the information gathered at the hospital site or elsewhere. Sometimes they need to maximize their time at the airport or at home by reading ECGs or by reviewing a complete patient record with echos, labs and more.

The HealthView cardiovascular information system (CVIS) puts the kind of information physicians need in front of them, “When they need it, how they need it, and where they need it,” says Shearer. “Cardiologists don’t just practice in their office or don’t just practice at a hospital, they have multiple places where they impact the patient population. So, having that information accessible in all those different places is extremely important.”

And happy doctors are key to a successful cardiovascular service line, Shearer adds.

“One of the main drivers of hospital revenue is physician satisfaction,” she said. “If they don’t have a cadre of committed physicians then they don’t have referral patterns, they don’t have patients, they don’t have volume.”

Email info@lumedx.com to learn more about LUMEDX HealthView workflow solutions.

Posted by Jana Ballinger Wednesday, June 28, 2017 1:01:00 PM Categories: cardiology health information technology hospitals patient satisfaction

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, DASpecialists team up to improve cardiovascular data management 

​U.S. hospitals highly value enhanced cardiovascular registries data collection as they look for ways to improve patient care, workflow and reporting requirements. To that end, LUMEDX and DASpecialists have announced a partnership to create solutions for cardiovascular data management for hospitals.

The move brings together DASpecialists' expertise and experienced clinical nurse analysts for both the ACC NCDR® and STS data registries with LUMEDX's unique suite of cardiology data analytics, integration and registry tools.

"LUMEDX's cardiovascular registry and clinical workflow solutions help hospitals meet reporting requirements while improving efficiency and supporting quality of care. DASpecialists' services are a perfect complement to LUMEDX's offerings," said Gwendelyn Korney, VP of Corporate Accounts at LUMEDX. "In fact, DASpecialists are providing data abstraction services for several of our customers currently, and these hospitals are very pleased. We believe that this new partnership will enable us to deliver even greater value to our customers."

For more information on LUMEDX HealthView solutions, please email us at info@lumedx.com. For more information on DASpecialists, please visit www.daspecialists.com or email support@daspecialists.com.

Posted by Wednesday, May 10, 2017 12:50:00 PM Categories: best practices cardiology EHR electronic health records HealthView HIT hospitals

Registries play a role in MIPS reporting  

​MIPS, the Medicare physician reimbursement program set to begin in 2019, is causing healthcare providers to consider the use of registries, if they haven't already, as part of their workflow practices.

This Merit-Based Incentive Payment System, part of the Quality Payment Program (QPP) created under the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), directs clinicians to meaningfully use certified electronic health record (EHR) technology, according to the American College of Cardiology.

One effect of the regulations is the promotion of the use of registries to help clinicians manage the reporting of the EHRs. MIPS allocates five bonus points in its scoring mechanism to clinicians who are using registries. "An eligible clinician can earn bonus points by completing additional measures under the Public Health and Clinical Data Registry Reporting objective, such as reporting to a specialized registry (i.e., the PINNACLE Registry) or using certified EHR technology to complete certain activities in the Improvement Activities category, such as managing referrals and consultations," the American College of Cardiology reports.

It makes good sense to incentivize use of registries, says Raymond R. Russell, III, MD., Ph.D., because they can help physicians and their teams face a challenge to develop systems that help fulfill reporting requirements with minimal burden. "For many cardiologists, an effective, efficient approach to reporting quality measures data is to take advantage of the registries at our disposal," he writes in Cardiovascular Business.

Qualified Clinical Data Registries (QCDRs), allow clinicians to report on specialty-developed measures that are robust and uniquely geared to their area of practice, thus fulfilling CMS reporting requirements while closely tracking the quality of their practices.

"As the cardiovascular community moves forward with the new value-based models for performance evaluation and reimbursement, it will be essential to develop effective tools that support efficient completion of requirements," Russell suggests. "Some tools, such as registries, are proven and available to us now."

LUMEDX, as the leading independent provider of ACC and STS registry software, believes registries are the cornerstone ao cardiovascular data intelligence and the foundation of a true CVIS (Cardiovascular Information Systems). For more information, visit our Registries page: http://www.lumedx.com/registries.aspx.

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.

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