HMS’ Jennifer Forster explains how payers can cut costs and improve population health outcomes by incorporating social determinants of health (SDoH) into the mix.While the future of precision medicine is often associated with advances in genomics, there is more to consider when it comes to developing personalized treatment and PHM efforts. In fact, considering social determinants of health (SDoH), a recent and growing trend in predictive analytics, is gaining traction.A new study in Population
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Innovaccer’s Healthcare Data Platform Helps ACOs Save More Than $264M Annually
Innovaccer, a San Francisco-based healthcare data platform company, proudly announced the success of its partner accountable care organizations (ACOs) that achieved over $264 million in savings across 1 million managed lives. The data has been gathered from different commercial insurance providers and the Medicare Shared Savings Program performance data for 2017.According to CMS’ results, ACOs in P.Y. 2017 have achieved about $314 million in Medicare savings. More than 60% of the 472 ACOs
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4 Benefits of Augmenting Your Integrated Care Strategy with Performance Management Analytics
Integrated care is a hot topic today – numerous studies have shown the value and benefit of integrated care costs, quality of care and patient satisfaction and engagement. To effectively execute on any integrated care strategy, you need not only great clinical initiatives but also a strong Performance Management Analytics solution to augment and enhance your clinical initiatives. Integrating both will significantly impact your time to value with any solution as well the financial and quality
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Volume to Value: The Transformation Poised to Revolutionize Medicine
With healthcare access a perennial hot-button issue, it becomes imperative to take stock of the major shift happening among providers, one that perhaps has not dominated headlines. As America’s population ages and the need for quality healthcare becomes ever more important on an individual level, new developments in health payment functionality allow for care that’s truly catered to each patient according to need. This system promises to give each patient the course of care that their affliction
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Value-based Care Success: 7 Stages of the Health Data Life Cycle
Back in the day – the late 1960s, when social norms and the face of America was rapidly changing – a familiar public service announcement began preceding the nightly newscast. “It’s 10 p.m. Do you know where your children are?” Today, as the healthcare landscape changes rapidly with a seismic shift from the fee-for-service payment model to value-based care models, there’s a similar but new clarion call for quality healthcare: “It’s 2018. Do you know where your data is?”Compliance with the
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MUSC and Siemens Healthineers Form Strategic Value-based Care Partnership
The Medical University of South Carolina (MUSC) and Siemens Healthineers have formed a first-of-its-kind strategic partnership to advance the quality of care in South Carolina. The value-based care partnership will capitalize on the coupling of MUSC’s clinical care, research and education expertise with Siemens Healthineers’ engineering innovations and workflow-improvement capabilities.The partnership with a focus on driving performance excellence at MUSC and generating significant clinical and
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hc1.com Raises $10M to Expand Precision Health Platform for Value-based Care
hc1.com, an Indianapolis, IN-based precision medicine startup, announced that existing investor Health Cloud Capital has exercised its option to provide additional growth funding, bringing the company’s total Series B capital raise to $10 million. Elevate Ventures also participated in the round. The additional capital will fund continued expansion of precision health initiatives underway at hc1, including solutions that combat the opioid crisis and optimize prescribing of other prescription
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Hartford HealthCare Taps Innovaccer’s Healthcare Data Platform to Connect Over 70 Ambulatory Practice Sites
Hartford HealthCare, Connecticut’s most comprehensive healthcare network, has partnered with the leading San Francisco-based healthcare data platform company, Innovaccer Inc., to leverage data as a source of innovation in healthcare.Due to the siloed nature of traditional clinical systems, connecting practice sites within a dispersed health system has always been incredibly challenging. As organizations strive to improve efficiency and outcomes, the inability to link systems is proving to be a
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Puerto Rico’s Largest MSO Goes Live on Innovaccer’s Healthcare Data Platform
Inmediata, Puerto Rico's largest Management Service Organization (MSO), went live on Innovaccer’s healthcare data platform to drive analytics-powered healthcare, gain insights into provider performance and deliver value-based care. Inmediata currently manages around 70% of patient data across the island of Puerto Rico. Using rapid integration and advanced data analytics provided by Innovaccer's healthcare data platform company, Inmediata will be able to bring their data together and identify
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Innovaccer Unveils Potential Savings Advisor for Accountable Care Organizations
Despite the numerous interventions by the government to reinforce value-based care, the transformation of the healthcare ecosystem has been slow. As of 2018, there are around 400 ACOs under Medicare Shared Savings Programs alone and only 31% of them could generate shared savings.Additionally, ACOs are under immense pressure with an increased shift towards assuming more financial accountability. The reality is that every year ACOs end up leaving money on the table due to lack of awareness about
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