Closed-Loop Analytics Approach: Making Healthcare Data Actionable

Healthcare organizations rely on data to support informed decisions. To be truly valuable, data must be high quality and meet two criteria for end-users:

  1. Data must be transformed from its raw, obscure form into actionable insights.
  2. Data-driven insights must be immediately accessible at the point of care (versus in static dashboards or buried on the intranet).
Closed-Loop Analytics™ methodology transforms raw data into actionable, accessible insight—providing physicians and nurses with critical insight into their patients’ situation and how they can effectively intervene. A Closed-Loop Analytics approach will become increasingly essential as healthcare becomes more systems dependent.

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Why Healthcare Decision Support Is No Longer Optional for Chief Operating Officers

Without daily access to healthcare decision support, health system COOs struggle to make rapid, meaningful decisions. Healthcare decision support systems are no longer optional for these highly visible leaders, who play critical roles in their organizations’ success, for many reasons:

  • Aggregates reliable, up-to-date information from all available sources.
  • Presents information in user-friendly, user-configurable ways.
  • Makes trends and important conclusions more recognizable and understandable.
  • Enhances C-Suite’s ability to drill down into data in search of a problem’s root cause.
  • Improves C-Suite communication and collaboration.
  • Unites C-suites around a common vision and strategy.
Healthcare COOs (and other C-Suites) need healthcare decision support to be data-driven problem solvers and collaborative leaders who achieve clinical, financial, and operational success for their systems. Given the industry’s increasing complexity, healthcare decision support is now an industrywide imperative.

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Four Effective Opioid Interventions for Healthcare Leaders

The crisis of opioid abuse in the U.S. is well known. What may not be so well known are the ways for clinicians and healthcare systems to minimize misuse of these addictive drugs. This article describes the risks for patients when they are prescribed opioids and the need for opioid intervention. It offers four approaches that healthcare systems can take to tackle the crisis while still relieving pain and suffering for the patients they serve:

  1. Use data and analytics to inform strategies that reduce opioid availability
  2. Adopt prescription drug monitoring programs to prevent misuse
  3. Adopt evidence-based guidelines
  4. Consider promising state strategies for dealing with prescription opioid overdose
Opioid misuse is a public health epidemic, but treatments are available and it’s time for those involved in the delivery of healthcare to change practices.

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HAS 17 Keynote, Eric Topol, Signals New Era in Digital Healthcare

Healthcare is poised for groundbreaking change, in which the fusion of unprecedented access to mobile technology and advanced understanding of disease brings in the era of truly individualized medicine. Eric Topol, M.D., a leader in digital medicine, will share his vision for the wireless medicine revolution at the 2017 Healthcare Analytics Summit™ conference. In the next data-driven generation of democratized healthcare, consumers will monitor personal health information—from vital signs to fetal heartrate—directly on their smartphones. Real-time access to health status will make consumers true partners in their own care, enabling them to make proactive decisions to improve their health and prevent or respond to critical events.

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A Landmark, 12-Point Review of Population Health Management Companies (Executive Report)

Population health management (PHM) is in its early stages of maturity, suffering from inconsistent definitions and understanding, overhyped by vendors and ill-defined by the industry. Healthcare IT vendors are labeling themselves with this new and popular term, quite often simply re-branding their old-school, fee-for-service, and encounter-based analytic solutions.  Even the analysts —KLAS, Chilmark, IDC, and others—are also having a difficult time classifying the market. In this paper, I identify and define 12 criteria that any health system will want to consider in evaluating population health management companies.  The reality of the market is that there is no single vendor that can provide a complete PHM solution today.  However there are a group of vendors that provide a subset of capabilities that are certainly useful for the next three years.  In this paper, I discuss the criteria and try my best to share an unbiased evaluation of sample of the PHM companies in this space.

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Duncan Gallagher—HAS 2017 Keynote—Leads Healthcare into Value-Based Era

Duncan Gallagher—a Keynote Speaker at the 2017 Healthcare Analytics Summit™ conference—is healthcare’s top expert when it comes to transitioning to value-based care. As Allina Health’s CFO, Executive Vice President, and Chief Administrative Officer, Gallagher has first-hand experience leading a four-billion-dollar system’s transition out of fee-for-service gridlock into what’s quickly becoming healthcare’s next era: value-based care. Gallagher argues that, while fee-for-service is the status quo, it’s not a long-term viable option. With accolades such as 2016 CFO of the year, Gallagher has the deep industry experience required to help health systems achieve VBC-driven financial viability while prioritizing (and relentlessly pursuing) disease prevention and outcomes improvement.

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8 in 10 Hospitals Stand Pat on Population Health Strategy, Despite Uncertainty Over the Affordable Care Act’s Future

A 2017 survey by Health Catalyst shows that despite uncertainty about the future of the Affordable Care Act, 80 percent of healthcare executives have not paused or otherwise changed their population health management strategy. 68 percent said that PHM is “very important” to their healthcare delivery strategy, while fewer than 3 percent said it was not important at all. The results show that executives view the move to value-based care as inevitable, and they view a PHM strategy as an integral part of their future efforts.

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Dr. David Wild to Present on Reducing Systemwide Readmissions

Human decision making…ultimately, this is the component that drives outcomes improvement in healthcare. But the pathway to this decision making involves technology—machine learning and predictive analytics—as well as processes and people. Dr. David Wild, the Vice President of Lean Promotion at The University of Kansas Health System, along with Chris Harper, the system’s Director of Business Architecture and Analytics, will lead a case study breakout session at the 2017 Healthcare Analytics Summit to discuss this topic. Of particular note is this healthcare system’s results in reducing readmissions across the board in a very short period, which also contributed significantly to financial improvement. It will be an inside look at the successful blend of human and technological resources needed for broadly reducing readmissions and improving outcomes within a large healthcare system.

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Healthcare Total Cost of Care Analysis: A Vital Tool

How can healthcare organizations set themselves up for success as the industry shifts from fee-for-service to value-based reimbursement? They need to understand risk of their patients and population to identify ways to reduce healthcare costs and improve quality of care. This makes total cost of care (TCOC) analysis a necessary skillset in this time of transition. TCOC analysis leverages key elements of the healthcare analytics infrastructure to understand how money is being spent at the organization and identify the drivers of high cost:

  • An integrated EDW.
  • Payer reporting tools.
  • Claims and membership data.
  • Predictive capabilities.
  • Risk scores.
  • Scorecards and dashboards.
  • Analyst support.

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Dr. David Nash Presents Keynote: Leadership for Population Health

Dr. David Nash is the Founding Dean of the Jefferson College of Population Health on the campus of Thomas Jefferson University in Philadelphia. His keynote presentation at the 2017 Healthcare Analytics Summit, titled “Leadership for Population Health,” will address several formative topics, including:

  • The state of the U.S. healthcare economy
  • Moving from volume-based to value-based care
  • The people and technology issues involved in this transition
Even the most knowledgeable population health adherents attending HAS™ will learn new strategic pointers as Dr. Nash describes his checklist for managing population health and delves into the analytics tools best suited for today’s healthcare landscape.

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