In 2010, President Obama signed into law the Patient Protection and Affordable Care Act. While interest groups and party extremists continue to debate nearly every facet of the law, one major component has been widely gaining momentum while out of the public forum: a provision that allows healthcare providers to create Accountable Care Organizations, which seek to tie patient outcomes to reimbursements.
One of the first steps in tying payment to performance included encouraging providers of every stripe to automate the delivery of care via electronic medical records, providing a series of electronic repositories of patient care data. Coined the HITECH act, Congress agreed to underwrite a portion of providers’ costs to move to Electronic Medical Records (EMRs) in exchange for those providers meeting certain usage benchmarks for those EMRs.
Like the ERP revolution in the ‘90s, the EMR revolution of the last 5 years has created a virtual treasure chest of data for providers to begin pouring over to improve clinical and financial outcomes.
And, like the analytics boom that followed the ERP revolution, healthcare providers are finding it challenging to make sense of all that data. How do you make sense when “prescriptions” are identified several times within a single EMR database and are still only likely to constitute a certain percentage of prescriptions that a single patient, or a class of similarly diagnosed patients, are taking? What a mess!
With the clock ticking on demonstrating better outcomes and the financial stakes growing higher than ever before, providers can’t turn to the analytic platforms used decades ago to solve today’s complex business problems. Like their high growth peers in the commercial sector, they need those answers NOW.
That’s why an increasing number of healthcare providers, healthcare IT vendors and a supporting cast of constituents are turning to Birst. They need to Think Fast.
Aggregating clinical records across even a single EMR instance for analysis is challenging. But try doing it for 45 different data sources across 270 participating providers! HealtheConnections, one of the newest members of the Birst family, is doing just that by leveraging the power of Birst, and you can read more about it in a press release issued today.
So, if the Affordable Care Act and the HITECH Act have you feeling blue, call us. Thinking Fast is always the right prescription!