PHM in a Nutshell
When the value of analyzing data to improve population health was first identified back in the 50’s no one knew how big this could potentially get. Suddenly, the true potential of this cosmic shift in healthcare began to crystallize with the advent of high levels of adoption rates in hospitals implementing EMR and EHRs, aided by the 2009 HITECH act.
PHM allows organizations to identify critical categories of patients and, by adopting preventative measures, improve the “at risk” group’s health. In doing so, this reduces the overall cost of healthcare for the patient and depending on the government program at the time (currently the ACA), hospitals can share in the savings achieved by these improvements. Hence, rewards can be reaped for improved population health.
The fundamental shift comes in moving from a Fee for Service (FFS) methodology that incentivizes hospitals to provide services (not necessarily in the patient’s best interest). To a new paradigm of Fee for Value (FFV) where the money spent is measured against the overall health of the target population. The premise is simple. The successful application of this program is less than easy.
Our Deep Experience in Healthcare Data Analytics
Global Healthcare IT, Inc. has been working with hospitals on data analytics and business intelligence, going back to the start of the company in 2000. Our knowledge and experience pre-date the inception of the HITECH act and its associated legislation of Meaningful Use. The concept of data analytics and business intelligence stretch all the way back to the early 90s, but little could be done without the large scale implementation and acceptance of EMRs at the hospital level. With the newly available raft of data, real analytics could start. GHIT has worked consistently with hospitals to develop advanced data analytics, BI, and reporting systems across all the major areas including Ambulatory, Revenue Cycle, Inpatient, Outpatient, Clinical, and Ancillary.
Our Social Media Edge
GHIT runs the largest PHM-only group in the world. From this group, we are able to monitor new trends, understand the issues, ask advice, and stay ahead of the competition. The group acts as both a sounding board and a resource pool for GHIT and its clients. In the rapidly changing world of healthcare data analytics GHIT is able to provide guidance, advice, skilled consultants and implementation experts.
We Have the Experience
Examples of clients we have worked with over the last 17 years on advanced Data Analytics, BI, and Report Writing include Access, Mayo Clinic, MD Anderson, Providence, Sutter, Emory, Duke, UCLA, CHLA, CHI, UConn, Loma Linda, Memorial Care, Yakima Valley, and many, many more.
Start With the Best
Whether you are looking to develop an executive level dashboard to assist the C-Suite in running the hospital or healthcare system, an individual report or a target-specific monitoring system, an enterprise-wide BI framework, GHIT has the people to deliver.
Call us now to discuss how we can help you. 866-713-9545. Or email your RFP to [email protected].