When it comes value based-care accounting, few metrics are as useful as Total Cost of Care (TCOC). TCOC can show you precisely where your value-based care initiatives should be focused for the most efficient use of resources. And yet, as useful as TCOC can be, there are few metrics as difficult to pin down with … How to minimize total cost of care with healthcare data analytics
How MedInsight Supports Organizations on the Glide Path to Risk For healthcare provider organizations navigating the array of alternative payment models in use across all phases of value-based care contracting, the complexity can be daunting. From small physician groups operating on a largely fee-for-service basis to health plans managing the claims of tens of thousands … The right data for every model of value-based care contracting
From claims to EMRs to lab and third-party data, healthcare payers have more data than ever at their fingertips – over 2.3 zettabytes per year according to a Statista projection. And healthcare data continues to grow. The value of data-driven insights for payers is undeniable. Yet, many payers struggle with transforming mounting data into data-driven … An ocean of data & a desert of insight: transforming healthcare payer data into strategic insights
The COVID-19 pandemic revolutionized the way healthcare organizations transform data into timely information, reporting and decision-making. When the pandemic first hit, the general approach to healthcare data analytics was lacking: critical data could not be accessed in real-time nor made available to other healthcare providers, policymakers and the public. For example, ICU bed utilization was … How the pandemic sparked a digital transformation in healthcare data analytics