Reimagining Population Health Management through the Utilization of Actionable Insights
Population Health Management that is effective, requires a holistic understanding of patient populations, including clinical, financial, and behavioral aspects. Traditional methods of Population Health Management have primarily been retrospective and provided limited opportunities for timely decision making. Analytics-focused approaches enable healthcare leaders to identify areas where there is a gap in care, identify those patients that are at an above-average risk of developing a primary care need and develop/implement targeted interventions for those patients, on a large-scale basis.
Utilization of a unified data model combined with advanced analytics tools gives healthcare organizations the ability to improve preventive care, chronic disease management, and care coordination. This allows healthcare organizations to align the clinical dimensions of the populations that they provide care for, with the overall organizational goals of the organization, providing measurable rather than just theoretical impact through Population Health initiatives.
How Predictive Analytics Enhances Healthcare Project Implementation and Practice
The evolution of predictive analytics within the modern world of care practices is like a kit to practice predictive care. Predictive analytics models help you look back in time through past and current patient data to predict future actions – like hospital readmission counts, disease progression or future usage of both high-end facilities and high-cost medications.
As predictive analytics becomes increasing popular with healthcare leaders, the increased use of predictive analytics to build out opportunities at the health systems level continues. Predictive analytics can be utilized through workflows within healthcare both operationally and clinically by allowing clinical teams to have greater insight into when their patients could benefit from an earlier intervention, reducing avoidable hospitalizations, increase chances of having a successful patient outcome and allow for predictive analytics to achieve its purpose of helping prevent hospital readmissions.
How to Advance Value-Based Care by the Use of Analytic-Driven Healthcare Leadership
As the reimbursement model continues to modify, the importance of the “value-based care” analytics has grown to be very important when attempting to coordinate for a greater ‘quality’ based outcome and determine the ‘financial results’ related therapy. In order for healthcare leadership to adequately use preventative type practices, they must be able to monitor Clinical Quality Measure performance data, utilization data and Cost Effectiveness for the organization independently, as well as collectively – which can be very challenging without sufficient levels of health analytics.
Empowering healthcare leaders with analytics to advance value-based care
Value-based analytics provides health systems the ability to accurately keep track of their organizational performance against their contractual agreements, discover inefficiencies related to patient care processes, adhere to regulatory compliances, and ultimately, improve patient outcomes and sustain long-term profitability by combining current claims records, clinical treatment records, and Social Determinants of Health data together to build a holistic organizational performance view for improved ‘smarter’ contracting and continued growth of the healthcare system.
The Strategic Importance of a Healthcare Analytics Platform
The Healthcare Analytics Platform is critical to maximising the benefits of healthcare analytics for your organisation. These platforms allow organisations to consolidate all the information from its many sources into a single source; this makes it easier for organisations to use the information to drive their strategy, operations and care delivery.
A flexible Healthcare Analytics Platform provides tools to facilitate key activities within the Population Health Management Ecosystem (PHME) including: Population Health Analytics, Predictive Modeling and Value-Based Reporting. These tools provide real-time dashboards, role-based Insights and Decision-Ready Intelligence to Health Leaders to support the successful execution of a wide variety of strategies related to population health management.
Carevyn: Enabling Actionable Analytics for Population Health
Carevyn provides Health Leaders with the insights they need to develop Actionable Insights for Population Health Management by leveraging advanced population health analytics and predictive intelligence. Carevyn enables Health Leaders to identify opportunities, make informed intervention decisions and achieve tangible population health improvements through operationalising Population Health Management insights across the clinical and financial/operational sides of their organisation. The Carevyn analytics-first approach provides Health Leaders with not only the ability to access and utilise data in a timely manner, but to understand its relevance to their Strategic Population Health Goals.
The Future of Population Health Is Actionable
In order to provide a proactive approach to the management of patient populations, healthcare organizations must have a strong understanding of the data available to them. The integration of predictive and value-based care analytics into a single platform allows for improved decision-making by healthcare leaders as they navigate through the complexities of their industry.
An example of this type of platform is the Carevyn healthcare analytics solution. With the Carevyn platform, it is possible for healthcare leaders to create sustainable business models that utilize analytics to improve patient outcomes and decrease costs.
Frequently Asked Questions (FAQs):
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What is population health analytics? Why is it important?
Population health analytics consists of the analysis of data related to patients within a specific group based upon clinical, financial, and behavioral characteristics. Data analytics allows healthcare leaders to proactively identify potential issues, as well as utilize analytics to drive decisions related to the treatment of patients.
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How does population health management differ from traditional care management?
Population health management utilizes analytical data to assess the health of a predefined group of patients rather than relying upon the assessment of individual patient encounters. Healthcare organizations can utilize analytical data to help allocate resources more effectively and appropriately along the continuum of care.
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How can predictive analytics be employed in healthcare initiatives?
Analytical approaches to predicting healthcare outcomes using past and present information. Using this data can help health leaders, care managers and clinical staff identify patients who are most likely to experience readmission, develop a disease process and/or use higher than average resources (high-cost utilization). These insights enable healthcare leaders, care managers and clinical staff to intervene sooner, decrease the likelihood of avoidable events, and improve planning for future care needs.
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What is the Importance of Value-Based Care Analytics in Modern Healthcare?
Value-based care analytics provides healthcare organizations with a way to measure their quality, cost and outcomes based on value-based reimbursement (VBR) models. Value-based care analytics provides healthcare executives and operational leaders with the metrics needed to track performance and improve performance in multiple areas, while aligning clinical decision-making with the financial incentives associated with VBR.
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What Makes Carevyn An Innovative Healthcare Analytics Platform?
Carevyn is a modern healthcare analytics platform that provides actionable insights, instead of just reports. Carevyn combines multiple data sources into one platform and supports population health analytics, predictive analytics, and translates insights into actionable solutions for both clinical and operational teams.
Transforming insight to actions in healthcare is where Healthcare Data creates value!
Using Carevyn’s use of predictive intelligence, value-based care reporting and advanced population health analytics on one single platform can help all Healthcare
Leaders take actionable steps!
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