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

LUMEDX Blog 

PCICS: LUMEDX unveils solutions to support excellence in pediatric cardiology data intelligence

The Pediatric Cardiac Intensive Care Society (PCICS) is holding its 13th Annual International Meeting and LUMEDX will be there to share the latest in data intelligence and workflow management tools to support better care of pediatric and congenital cardiac patients.

Come see us at Booth 11 to learn how we can help your pediatric heart center improve outcomes and reduce costs, drive better care through the use of benchmarks and evidence-based medicine, and create a more complete, patient-focused congenital database.

Exhibit hours are limited to 7 a.m. to 7 p.m. Thursday, Dec. 7, and 7-10:10 a.m. Friday, Dec. 8. Click here to schedule a meeting with a LUMEDX representative.

The conference, hosted by the Children’s National Health System, will be held Dec. 6-8 at the Fairmont-Georgetown in Washington, D.C.

A full schedule of roundtable discussions and sessions will focus on topics including:

  • How care delivery models around the world impact management of congenital heart disease.
  • The impact of medical missions and sustainable program development in low/middle income countries.
  • Cutting edge innovation—specifically device and drug development, machine learning technology, and education platforms—that are shaping pediatric cardiac critical care around the world.

For more information, go to www.pcics.org.

Posted by Jana Ballinger Monday, November 27, 2017 11:04:00 AM Categories: PCICS pediatric and congenital

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 

Come see us at the Ohio data abstractors annual meeting

ohio

Join LUMEDX and your fellow cardiovascular data management professionals at the Ohio Thoracic and Cardiovascular Data Managers Group 15th Annual Conference on Nov. 3.

Be sure to stop by and say hello to Brook George, LUMEDX Northeast Region Account Executive, and Jerry Varnau, Regional Vice President for Business Development, in the exhibition hall at Mercy Health-St. Rita’s Medical Center, 730 W. Market St., Lima, Ohio. Hours are 7 a.m. to 4 p.m.

Approximately 100 data managers, nurses and physicians are expected to attend the conference—a day filled with networking, learning and strategic development related to cardiovascular registry processes and challenges.

Topics this year include:

  • Integrating the Healthcare Enterprise.
  • New Kids on the Block Registries.
  • Quality Improvement Utilizing Registry Data.
  • ACC NCDR Registries and STS Registry Updates.
  • ACC Volunteer Opportunities.

Can’t make the Ohio conference this year? Email us at info@lumedx.com to learn more about our newest thoracic and cardiovascular innovations.

If there are other meetings or conferences you’d like to see LUMEDX attend, please comment below.

Posted by Jana Ballinger Thursday, October 26, 2017 9:03:00 AM

LUMEDX Blog 

How near-real time and even retrospective analytics can improve performance

People who work in cardiovascular departments know that retrospective clinical data is essential in the quest to improve outcomes and contain costs, but even more valuable is integrated, near real-time data analytics that illustrate how you compare to other cardiac care centers nationally.

“It’s good to be able to understand ‘this is how I did’—but that’s really reporting the news,” says LUMEDX analytics consultant Rachanee Curry, FACHE. “It’s better to be able to have real-time feedback and to be able to change your performance, finding opportunities for improvement as you go along.”

However, retrospective and real-time or even prospective analytics can all deliver crucial insights to hospitals. Even data collected for the Society of Thoracic Surgeons (STS) and the American College of Cardiology’s National Cardiovascular Data Registry® (ACC NCDR) can be used to understand service line performance, view outliers and identify root causes. These are the insights that enable improvement.


Rachanee Curry, LUMEDX analytics consultant, talks about the kinds of insights that can enable improved outcomes and reduced costs.

“Being able to focus in on those areas where your program is performing differently than best practices means you can improve the processes of care that lead to these variances and that will invariably lead to improved clinical outcomes,” Curry says.

LUMEDX offers data analytics solutions that enable physicians and service line leaders to monitor, measure, and improve all aspects of cardiovascular services—to help drive performance while reducing costs. LUMEDX is also the No. 1 provider of ACC and STS Registry Software. To learn more, email info@lumedx.com.


Posted by Jana Ballinger Monday, October 16, 2017 9:30:00 AM Categories: ACC data healthcare analytics NCDR performance Society of Thoracic Surgeons STS

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 

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
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