Providers Operationalize Analytics To Optimize Revenue, Improve Patient Outcomes

While providers may now see population health programs as key to value-based care success, many are struggling with implementing change in a way that affects outcomes.

“It’s like the proverbial changing of the tires while driving down the road at 90 mph,” says Steve Griffiths, senior vice president of Health Care Analytics Consulting at Optum.

“Providers know they need to go further and faster, but quite frankly, the investments that many of them have made won’t get them where they need to go.”

Analytics platforms have improved, but many providers aren’t yet getting the most out of the information.

There are several challenges holding providers back. For example:

• Providers are struggling to determine where best to focus their resources and apply their analytics insights to drive value.

• Providers are spending money on analytics, but without a clearly defined return on investment.

• Clinical analytics are providing insights, but not affecting outcomes at the level providers expect.

One strategy for addressing these challenges is managed service partnerships.

Alleviating the need for providers to change their own tires, these relationships create a sort of pit crew – a team that can oversee technology and operational services allowing providers to focus on patient care.

A new topic spotlight from Optum explains more about managed service partnerships. Read the spotlight,

Providers operationalize analytics to optimize revenue, improve patient outcomes in a value-based world,

to learn about these partnerships and the questions to consider when choosing a managed service partner.

“Providers want to focus on what they do best – providing health care for patients.”