Interactive solution enables predictive reimbursement modeling to maximize pay for performance
ATLANTA--(BUSINESS WIRE)-- McKesson today announced McKesson Performance Analytics Explorer™, an innovative offering that supports provider performance improvement initiatives by enabling healthcare stakeholders to measure, model and predict best practices and optimal outcomes for value-based reimbursement. It supports informed decision-making by identifying how clinical outcomes and reimbursement are affected by variability in the care process and by modeling best-practice scenarios. With the solution’s ability to keep these models in memory, an organization can quickly refine its improvement strategy and select the best course of action.
McKesson introduced the new offering as part of its market-leading enterprise intelligence solution suite. The suite provides a comprehensive set of analytics, visibility, intelligence, monitoring, benchmarking and predictive tools that help organizations improve their performance. These capabilities play a central role in supporting the goal of better business, better care and better connectivity as part of the company’s Better Health 2020 strategy, which aims to support organizations as reform unfolds throughout this decade.
“In the face of extraordinary market pressures today and yet to come, we are taking a much more dynamic approach to business management,” said Chad Brisendine, VP/CIO of St. Luke’s Hospital & Health Network, Lehigh Valley, Pa. “The McKesson Performance Analytics Explorer solution will help us shift from a static analytical model that looks backward to one that enables us to employ a more proactive approach. We expect our big win to be the ability to model and predict how changes may affect our outcomes so we can proactively adjust our strategies.”
McKesson Performance Analytics Explorer can be used to identify hidden trends and outliers as well as the root causes of problems and their financial risks. It expands the rich, healthcare-specific capabilities of McKesson Performance Analytics™ by adding visual data exploration, guided analytics, and drag-and-drop features that enable users to instantly re-filter data and update the graphical display.
“This new solution takes analytics beyond traditional transactional intelligence, which identifies the ‘what,’ to transformational intelligence that arms healthcare organizations with insights on the ‘why,’” said Chris Bauleke, president, Health Systems Performance Management, McKesson. “For example, the ability to identify the root cause of a performance issue for a core measure can enable an organization to implement process change and address cultural habits or staff education. Beyond that, providers can model how that process change will affect their metrics and reimbursement under value-based purchasing.”
McKesson Performance Analytics Explorer offers a package that contains pre-defined analytics and pre-built scorecards, dashboards and visual controls to help healthcare organizations model reimbursement under value-based purchasing.
“To help customers address new payment models, McKesson provides expert business advisors that include former chief financial officers, PhDs, RNs and other subject matter experts that understand analytics as well as the business of healthcare,” said Bauleke. “Our advisors work with the organization to help managers interpret their performance results, identify business issues and target areas for improvement.”
McKesson’s enterprise intelligence solution suite is designed to help healthcare leaders instill a culture of excellence by measuring clinical effectiveness, managing operational capacity, maintaining shared accountability and monitoring patient safety initiatives, with the goal of improving patient outcomes and financial results. These capabilities play an important role in helping organizations improve their performance today and as cost and quality pressures grow in the future.
McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit http://www.mckesson.com.
Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability remain at McKesson’s discretion and are subject to change and applicable regulatory approvals.
Yancey Casey, 404-338-2468
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INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health General Health