Benefits of MedInsight
Provider Performance
- Track and measure provider performance variation
- Engage providers with real-time performance data
- Identify providers who excel in cost efficiency, quality, and appropriateness of care
- Share actionable next steps to close care and coding gaps, and reduce unnecessary cost
Achieving value-based care (VBC) success requires more than good intentions. It demands a clear alignment between physician performance and organizational goals that prioritize better patient experiences, healthier communities, and efficient resource use. Yet, persistent gaps in preventive care, operational inefficiencies, and unclear expectations can stall progress and lead to inconsistent outcomes. Consistent, practical, and fair assessment of provider performance is essential for building trust, managing costs, and delivering high-quality care.
Why provider performance measurement is essential
For healthcare organizations, tracking provider performance is crucial to remain competitive and advance VBC initiatives. Reliable insights into provider performance enable organizations to guide patients to quality care, strengthen their networks, and negotiate more effectively. When care quality and efficiency vary across a network, both patients and organizations are at risk. Without clear standards and reliable evaluation, patients may miss recommended care, and providers may lack the direction needed to succeed in value-based contracts.
Performance measurement helps organizations:
- Identify areas for improvement: Pinpoint care gaps and monitor adherence to clinical guidelines.
- Strengthen network performance: Aggregate data at provider, group, and network levels for a holistic view.
- Provide cost-effective, high-quality care: Track costs, utilization, and outcomes, using fair, risk-adjusted benchmarks.
Consistent and trustworthy data fosters confidence, drives collaboration, and aligns stakeholders toward shared goals.
Provider performance data empowers organizations to:
- Drive quality improvement and close care gaps
- Link incentives to quality, cost, and risk metrics
- Identify top performers and spread best practices
- Optimize network management and adequacy
- Monitor resource use and reduce inefficiencies
- Automate regulatory reporting and compliance
- Support patient attribution and care coordination
- Engage providers with clear, actionable feedback
Integrated solutions for deeper insights
MedInsight’s comprehensive approach enables seamless access to specialized tools for every stage of provider and network management:
- VBC Platform: Evaluate provider effectiveness, manage risk, and optimize outcomes for attributed populations.
- ACO Builder: Identify top-performing providers, assess readiness for value-based models, and align organizational goals.
- Benchmarks: Compare your organization’s and providers’ performance with national and regional standards to set realistic targets, measure progress, and drive continuous improvement.
- Episode grouping: Identify how efficient a provider is in delivering episodes of care compared to other providers within your population.
- Evidence-based Measures (EBMs): Apply EBM measures to provide actionable insights that support provider performance improvement, ensuring care aligns with the latest clinical guidelines and best practices.
- MARA (Milliman Advanced Risk Adjuster): Leverage advanced risk adjustment analytics with MARA to ensure fair provider comparisons, support equitable performance measurement, and optimize reimbursement in VBC arrangements.
- HCC (Hierarchical Condition Categories): Enhance risk adjustment for provider populations with powerful HCC analytics and coding accuracy tools that help you close documentation gaps and maximize performance.
Transform provider performance with confidence
With MedInsight, healthcare organizations gain access to robust data and sophisticated analytics, empowering them to effectively monitor, measure, and enhance provider performance. This drives improved patient outcomes and supports long-term success in VBC initiatives.