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Many healthcare groups lack data-analytics solution to boost revenue

 

Navicure, a provider of cloud-based healthcare claims management, patient payment and data analytics solutions, reports that 55 percent of healthcare organizations lack a data-analytics program aimed at boosting revenue.

Here are six survey findings as summarized by Becker’s Hospital Review:

1. “The majority of overall survey participants (55 percent) do not have a data analytics and reporting solution in place to improve their revenue cycle. However, 45 percent of those without a solution are in the process of looking for one.

2. “Respondents who don’t have or aren’t looking for a data analytics and reporting solution named various reasons for not utilizing one. Topping the list was:

  • Don’t think we need one (36 percent).
  • Don’t have the budget (23 percent).
  • Don’t have the time (13 percent).

3. “The majority of respondents (88 percent) indicate analytics and business intelligence solutions are extremely or very important in making business decisions.

4. “73 percent of leadership teams view revenue cycle analytics/business intelligence as a high priority.

5. “Forty percent of respondents said actively managing for denials is the top revenue cycle challenge. Next is patient billing and payments at 37 percent.

6. “Participants’ biggest challenges with leveraging insights from their data analytics and reporting solution are:

  • Lack of time/resources to use data analytics effectively (38 percent)
  • Unable to benchmark performance against peer organizations (25 percent)
  • Difficult to get actionable reports for use in addressing issues (19 percent)

To read an article on these findings, please hit this link.


Mass. using technology against opiate abuse

 

Massachusetts,  with a serious opiate-abuse problem and a world-renown technology center, has begun using data analytics to predict where drug overdoes might happen.


Benefits and limits of data analytics in population health

data

 

“Because communities and patient populations are simultaneously diverse and interconnected, providers must take an integrated, interdisciplinary approach to care delivery to make the population health model work,” says this piece from MedPage Today.

It reported on a spirit of cross-professional collaboration as more than two dozen invited healthcare leaders gathered June 17-19 at the 2015 HealthLeaders Media Population Health Exchange at The Park Hyatt Aviara, in Carlsbad, Calif.

One of the speakers, Andrew L. Masica, M.D., noted:  “We’ve had a fair amount of success using analytics to help with readmission reduction work.” He is vice president and chief clinical effectiveness officer at Baylor Scott and White, in Dallas.

“The tool in use classifies patients as having certain risk levels.Those who are categorized as high-risk for readmission during their hospital stay get a comprehensive care coordination intervention and, in many patients greater than age 65, home visits from a nurse practitioner to help with the transitional period following discharge. Medium- and lower-risk patients receive lesser degrees of intervention, for example, phone follow-up, tailored to meet any specific identified needs.”

Data analytics has also helped to provide fiscally responsible care, Dr. Masica said.

“That’s been a very efficient way to manage resources. The nurse practitioner model for transitional care has been shown to be effective but can be resource-intensive from a hospital operational standpoint.”

While there is value in numbers, however, Masica explains that the benefits of analytics can only be had if the numbers are strong. “Too much information, particularly if delivered in the wrong fashion, isn’t helpful and can sometimes be harmful.”

“When you talk about population health and you limit the conversation to data analytics — that’s just the tiniest sliver of that solution,” says Alan Pitt, M.D., professor of neuroradiology at Dignity Healthcare in Phoenix. “I think there’s a big role for the objective EHR data, but also [for] the subjective data … that would be more relevant to something of a solution.”

 

 


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