Health analytics: A competitive advantage in managing value-based careThe 3M™ 360 Encompass™ Health Analytics Suite

The global healthcare analytics market is expected to reach $24.55 billion by 2021.1

82 percent of systems using analytics say they have improved patient care.2

More than two thirds of healthcare decision makers say analytics is one of their top three priorities.3

Only 10 percent of health systems are using data and analytics to their full potential.4

The need for analytics in health care

“Data analytics can help the organization improve performance in a myriad of arenas. It can save money in the changing value-based reimbursement world. Better yet, it can save lives. And if you’re trying to meet strategic objectives, it may be a significant part of the equation there too.” –Healthcare IT News, June 2015 5

How can analytics be applied in health care?

Registries/Lists/PopulationsHow big is the problem?

DashboardsWhat is happening?

TrendsAre we impacting the problem?

Alerts and remindersWhat actions are needed?

QueriesExactly what is the problem?

BenchmarksHow does the problem stack up?

PredictivesWhat should happen next?

A few questions to ponderAs a leader of a care delivery system—regardless of size—your organization is moving from volume- to value-based care and into the world of population health. As you do so, an analytics platform is absolutely critical. There are hundreds of questions your health system will likely have along the way, and the topics will cover the spectrum. 

How is your health system performing relative to its competition?

When your state Medicaid embraces preventables, how will that impact your organization?

How well do you track the performance of your physicians?

Physician Compare Module

Patient Compare Module

3M’s approach to population analytics

The 3M™ 360 Encompass™ Health Analytics Suite

As hospitals and health systems transition from volume- to value-based health care, 3M can help by applying the power of its extensive clinical and claims database to help assess the cost, outcomes and effectiveness of care delivery.

3M’s Health Analytics Suite offers advanced analytics tools to help manage the health of populations, measure physician performance, determine total cost of care and gain insights for a more successful entry into population health management.

The Suite’s three modules are presented in easy-to-navigate, interactive dashboards and reports. Each module illuminates your hospital’s performance in a variety of key measures, helping you make the best possible strategic decisions for both today and tomorrow.

State Compare Module

How is your health system performing relative to its competition?

Understanding the outmigration, or “network leakage,” of your patient population is crucial for any CFO or VP of revenue cycle. The State Compare Module identifies market share and outmigration by using state payer data by zip code, county and service area.

The module also helps you manage and compare resources and preventable hospital use. You can also better understand your inpatient and outpatient market share.

State Compare Module• Provide a risk-adjusted bench-

mark of patient encounters, down to the DRG level.

• Identify ways to reduce mortality, costs, and length of stay as well as capture charges.

The benefits • Manage length of stay against benchmarks and cost targets.

• Understand market share by service line and procedure.

• Capture data on out-migrating revenue at a service-line level.

• Help reduce preventable events at both hospital and system levels.

When your state Medicaid embraces preventables, how will that impact your organization?

Many states have already adopted payment models that focus on preventables, and more state Medicaid programs are starting to get on board. The Patient Compare Module measures the impact of potentially preventable readmissions (PPRs), potentially preventable complications (PPCs) and potentially preventable admissions (PPAs).

Similar to State Compare, this module helps you manage resource use, but with a patient-level of detail. You can also view any avoidable and preventable hospital use as well as measure outpatient utilization.

Patient Compare Module• Identify opportunities in length of

stay, mortality, cost and charges at the patient-level of detail.

• Compare performance to peers using 3M benchmarks.

The benefits • Help improve performance in length of stay and publicly

measured readmissions.

• Reduce penalties associated with excess readmissions and complication rates.

• Help improve care quality and minimize costs by reducing PPCs, PPRs and PPAs.

How well do you track the performance of your physicians?

Under value-based payment, physician compensation takes into account the overall health of the patients attributed to them. Is your health system able today to truly understand and measure its performance and efficiency?

The Physician Compare Module supports ongoing professional practice evaluations and additional assessments, comparing performance of providers and peer groups, as well as revealing physician referral patterns and patient utilization details.

Physician Compare Module• Identify patient-severity ratios and

high costs by physician.

• Compare performance of physicians and peer groups.

• Measure avoidable resource use by physicians and peers.

The benefits • Help improve physician performance at a health-system level

• Help reduce patient costs and lengths of stay

• Allocate appropriate resources for physicians

An analytics platform for today and tomorrow

The latest addition to 3M’s population health management toolkit, the Health Analytics Suite provides the type of business intelligence that healthcare organizations need to participate in an accountable care organization or various state initiatives such as Delivery System Reform Incentive Payment programs.

The suite is web-based, requires no hardware installation at your facility and is built on 3M’s risk stratification methodologies, including the 3M™ APR DRGs and the 3M™ Potentially Preventable Events Software.

To learn more or schedule a product demonstration, contact your 3M representative today. You can also call 800-367-2447 or visit us online at www.3m.com/his.

Sources1 “Healthcare Analytics Market worth 24.55 Billion USD by 2021,” Markets and Markets, available as of January 2017 at http://bit.ly/1BelJG7 2 “Analytics in Healthcare,” CDW Healthcare, 2015, page 3, available as of January 2017 at http://bit.ly/1ECg9wN 3 “Analytics in Healthcare,” CDW Healthcare, 2015, page 4, available as of January 2017 at http://bit.ly/1ECg9wN 4 KPMG, “Only 10 Percent Of Healthcare Organizations Using Data & Analytics To Fullest Potential,” press release from April 2015 (https://home.kpmg.com/)

5 Erin McCann, “A beginners guide to data analytics,” Healthcare IT News, posted June 2015 and available as of January 2017 at http://bit.ly/1GjCfee

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