Posts in Category: Analytics

Improving the Business Performance of Your Heart Hospital 

An effective CVIS strategy can improve the business performance of your hospital The primary goal of any healthcare provider is to improve the lives of patients through effective treatment. However, because they are also businesses, hospitals have concerns that entail much more than this. To be viable in the long term, hospitals must manage their margins to fund their mission. There are three main pillars of business concern for any hospital: Clinical—health outcomes are measured with the goal of healthier patients leaving the facility. Financial—the dollars must add up to keep the enterprise solvent. Operational—staffing and facilities are measured against cost and need. Ultimate success for a hospital demands strength in all three areas. It's incumbent upon clinicians and service line managers to work together to seek out efficiencies in each of them. Praveen Lobo, VP Strategic Products New Operational Realities Payers' shift away from a ... read more
 
Posted by 08/02/2016 Categories: Analytics Health IT Hospital Management

Spotlight on Analytics, Part 5 

Q & A with Gus Gilbertson, Product Manager for LUMEDX
Predictive Analytics Q: How much of the healthcare industry has adopted predictive analytics? A: By definition, negotiations between providers and payers are a game of who can better predict patient outcomes. Win-win scenarios can certainly be devised, but a lack of predictive ability puts an organization at risk for poor contract structuring. Clinical outcomes are increasingly a game of predicting outcomes and identifying the levers that affect those outcomes so providers are able to improve on future outcomes. Operational predictions are also important, as misunderstanding patient care needs can lead to expensive outlier care patterns or care variations that break capacity management efforts and budgets. Q: How do you see predictive analytics having an impact on healthcare organizations, and specifically on heart hospitals? A: Outcome prediction and risk profiling will increasingly guide care pathway selection and tailor care patterns to targeted patient profiles. ... read more
 
Posted by 07/26/2016 Categories: Analytics Best Practices Healthcare Reform

Spotlight on Analytics, Part 4 

Q & A with Gus Gilbertson, Product Manager for LUMEDX
Exploring CV Service Line Analytics Q: Where should heart hospitals begin if they want to start using data analytics? A: Digitization is the key. Start by identifying areas where paper continues to hide data rather than illuminate care process dynamics. For all digital information, build standards for producing and consuming data so that the data collected has meaning, and those who need the information have access and know what to do with the information available. Q: What unique challenges do heart hospitals face that can be addressed by healthcare analytics? A: Understanding biometrics, imaging data, labs, medications, process, and outcomes measures make for a richly complex set of data to leverage to drive value in cardiovascular care. Q: How can data analytics improve clinical care in a cardiology department? A: With good data governance, a cardiology department can efficiently care for a variety of patients. With well-controlled processes to ensure proper... read more
 
Posted by 07/12/2016 Categories: Analytics Healthcare Reform

Spotlight on Analytics, Part 3 

Q&A with Gus Gilbertson, LUMEDX Products Manager
Financial Impacts on Healthcare Q: What are some of the key financial challenges facing healthcare providers today? A: One of the big challenges is the rapid technology change from health tracking, diagnosis, and risk modelling. That, combined with growing care quality and population management solutions, will change the way we look at health. Q: What are the financial benefits of using data analytics for healthcare providers? A: The key financial benefits for providers are the ability to manage patient risk and tailor care plans more efficiently to improve patient health. Healthier patients will likely get better jobs and be able to afford more healthcare. (Who isn’t willing to spend on their family’s health?) Remember, value equals cost / quality, so lower cost increases value and higher quality increases value. The U.S. healthcare industry is spending a lot of time looking at value in recent years. Patients, too, are slowly shifting to an awareness that they need ... read more
 
Posted by 06/27/2016 Categories: Analytics Healthcare Reform

CVIS for management and analysis of cardiovascular data insights 

The CVIS: What It Is Today and Where It’s Headed It's no secret that healthcare in the United States is moving away from the fee-for-service model toward a value-based system that reimburses for positive health outcomes. The value of improved clinical outcomes is obvious—for patients, for providers, and for payers. As the healthcare industry shifts to value-based care, measuring and monitoring outcomes becomes increasingly important. Hospitals and payers must seek new and deeper ways to track performance. In the cardiovascular specialties, the American College of Cardiology’s National Cardiovascular Data Registry (NCDR®) and the Society of Thoracic Surgeons’ (STS) national databases have set the standards for care for decades. The data sets required by the registries, and systems that have developed around managing that data, were the foundation of the original cardiovascular information management systems. Over time, Cardiovascular Information Systems (CVIS) grew to... read more
 
Posted by 06/06/2016 Categories: Analytics

Spotlight on Analytics 

The Role of Analytics in Healthcare
Industry Overview (continued) Q&A With Gus Gilbertson, Product Manager for LUMEDX Part 2 of our new series​. In this week’s installment, we continue our overview of the role of analytics in the healthcare industry. Q: There’s been an increased focus on big data in other industries recently. How is the healthcare industry responding? A: Data management is becoming an increasing focus in healthcare. Electronic Medical Records, HL-7 feeds, imaging systems, genomics, labs, and medications are all being gathered and increasingly mined for insight into health risks and outcomes. With the growing use of health, consumer, and business data--and shifts in regulatory guidelines, data governance and data resource management are growing in importance in healthcare. Q: How is the healthcare industry different from other industries when it comes to data analytics? A: In some ways, the EMR has been a black hole sucking in data for years, with limited options for analysis.... read more
 
Posted by 05/16/2016 Categories: Analytics

Spotlight on Analytics 

With Gus Gilbertson, Product Manager for LUMEDX
Part 1 of our new series, Spotlight on Analytics Industry Overview Q: What are some of the challenges the healthcare industry is facing today? A: Population management initiatives, service bundling programs, payor and provider consolidation, expanding regulatory oversite, an aging population, and expanding quality initiatives – all are increasing value in the U.S. healthcare industry, stretching resources, but also reducing competition. At the same time, increased healthcare coverage has increased the number of paying customers in the industry. The growing focus on risk promises to change care planning for patients with diverse health profiles, but requires new ways of looking at patient care. In addition, the increased availability of basic health monitoring data to individuals is helping people manage their health, but incentives for lifestyle change are still evolving. Telehealth is becoming an important healthcare/population health management tool that will likely... read more
 
Posted by 05/05/2016 Categories: Analytics

The Best of HealthIT News: Week of 2/8/16  

Population health, Obamacare, and cost containment
Did you have a chance to check out the latest news from the healthIT community? Let us help keep you up to date on the stories you won't want to miss. Companies Form New Alliance to Target Healthcare Costs Hoping to hold down the cost of healthcare benefits, 20 large companies—including American Express, Macy’s and Verizon—have come together to use their collective data and market power. Members of the new alliance will share data about employee healthcare spending and outcomes, possibly using the data to change how they contract for care. "Some members say they could even form a purchasing cooperative to negotiate for lower prices, or try to change their relationships with insurance administrators and drug-benefit managers," Yahoo news reports. Federal Insurance Marketplace Signs Up Millions of New Obamacare Users The Obama administration reports that approximately 12.7 million new patients signed up for health insurance under the Affordable Care Act, or automatically... read more
 

Moving Up to the Cloud 

Case Study: Upgrading to a Cloud-Based Reporting System

The Heart Center of Greater Waterbury used to maintain its patient records with a server-based model that required administrating and upgrading by the IS Department. Since transitioning from that client-server model to a cloud-based system, the Heart Center has seen myriad benefits, including lower costs for maintenance and improved efficiency. Read more.
 

Posted by 01/13/2016 Categories: Analytics Best Practices LUMEDX Users