Value-Based Healthcare and Population Health Analytics

Value-Based Healthcare and Population Health Analytics

Healthcare Tech Outlook | Tuesday, April 30, 2019

Health AnalyticsAs demand for value-based healthcare is rising, so is the need for programs to manage population health that allows providers to focus on patient groups rather than individuals. For the transition to value-based care, population health analytics are becoming increasingly important. With the move towards value-based care, hospitals are beginning to adapt to the change by including new ways of monitoring and managing population health. Healthcare organizations are adopting new software tools that can provide a clearer picture of the health of their organizations ' populations to help achieve better outcomes for patients.

Population health analytics is a device that can analyze large sets of patient data to identify patients who may be regarded to be at high risk for complications. The analytics can detect any patterns or abnormalities and provide a platform for physicians to interact with their patient population data and analyze them effectively. Healthcare organizations planning to enforce population health analytics must first understand what goals they are attempting to achieve, such as identifying patients at risk or care gaps, or improving health results and cost savings. This first step offers clarity for all project participants and clear vision for the initiative on population health analytics.

Patient data is on the most essential aspects of the project when it comes to population health. Without it, there can be no initiative to analyze population health. Healthcare must ensure that all relevant data are available and that the new analytics tool is accessible so that the analysis can be carried out. These data can be stored in various hospital systems, such as EHRs, PACS and information systems from laboratories. The primary purpose of the analytics tool is to highlight relevant insights from the data that can be ingested by the system. To provide real value and meaningful insights, an adequate analytics tool should include advanced data capabilities with Python statistical tools for data modeling and aggregation features.

Hospitals realize that the adoption of new modern analytical tools is a must in order to increase the visibility of their patient populations ' health. Harvesting information which already resides in the EHR, as well as patient information from other sources such as health registries and hospital-generated health data, provides a great opportunity for new insights to support initiatives to improve patients and populations. Whatever tools are included, organizations need to remember to keep their value-based care goals at the forefront and center. 

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