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Cut Through the Confusion: The 5 Types of Healthcare Analytics Solutions

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As healthcare leaders look into ways to bend the cost curve in today’s value-based reimbursement environment, they are faced with many vendors offering analytics solutions. The key is to determine which product best fits the organization’s needs, not just now but for the long term. This article discusses the five primary options available and the pros and cons of each one. The five analytics options include the following: (1) Buy from a hosted analytics service provider. (2) Buy from a large non-healthcare-specific technology vendor. (3) Buy “best of breed” point solutions. (4) Buy from the EMR vendor. (5) Buy and build an analytics solution from a healthcare data warehouse platform vendor.

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Cut Through the Confusion: The 5 Types of Healthcare Analytics Solutions

  1. 1. Cut Through the Confusion: The 5 Types of Healthcare Analytics Solutions — Paul Horstmeier
  2. 2. Instead, it could take 10 to 15 years for the health system to implement a comprehensive analytics solution. © 2014 Health Catalyst www.healthcatalyst.com Leveraging Healthcare Analytics Healthcare providers across the country are looking to healthcare analytics solutions to help them comply with CMS’s cost-cutting and reporting requirements. To significantly bend the cost curve requires more than a quick purchase and installation of yet another piece of software. Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 2
  3. 3. Which analytics solution will serve you best and provide an optimal return on investment (ROI), now and in the future? First, it helps to understand the five options available in today’s marketplace. © 2014 Health Catalyst www.healthcatalyst.com Leveraging Healthcare Analytics Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 3
  4. 4. IBM and Oracle fall in the large non-healthcare-specific technology vendor category. They both have extensive data warehouse expertise across many industries. Yet these companies’ greatest strength — experience across many industries — is also their greatest potential weakness. © 2014 Health Catalyst www.healthcatalyst.com Buy from a Large Non-Healthcare- Specific Technology Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 4 Option 1 ANALYTIC SOLUTION
  5. 5. Their data warehouses are not tailored for the specific needs of healthcare. Because their data warehouse architecture has been effective in other industries, such as manufacturing and retail, doesn’t mean it’s suited for healthcare’s unique needs. © 2014 Health Catalyst www.healthcatalyst.com Buy from a Large Non-Healthcare- Specific Technology Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 5 Option 1 ANALYTIC SOLUTION
  6. 6. Some health systems choose to outsource all of their analytics. This is an option for providers that want to avoid setting up data analytics but still aspire to improve basic internal and external reporting. Generally these systems have limited application and adaptability and may not allow progression beyond level 3 or 4 of the Analytics Adoption Model. © 2014 Health Catalyst www.healthcatalyst.com Buy from a Hosted Analytics Service Provider Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 6 Option 2 ANALYTIC SOLUTION
  7. 7. © 2014 Health Catalyst www.healthcatalyst.com Buy from a Hosted Analytics Service Provider Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 7 Option 2 ANALYTIC SOLUTION Healthcare Analytics Adoption Model
  8. 8. © 2014 Health Catalyst www.healthcatalyst.com Buy from Single-Solution Analytics Applications from Developers Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 8 Option 3 ANALYTIC SOLUTION Another option is to adopt single-solution applications like Crimson, Midas, or Medventive to target specific analytic opportunities. With expertise in specific areas these suppliers may have an affordability appeal. These systems have limited ability for complex analyses. Many single-solution applications do not facilitate data integration.
  9. 9. © 2014 Health Catalyst www.healthcatalyst.com Buy from Single-Solution Analytics Applications from Developers Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 9 Option 3 ANALYTIC SOLUTION With this option, the CIO is now responsible for managing dozens or hundreds of analytics applications. These applications still need to have data fed to them, which means also building some form of data warehouse.
  10. 10. © 2014 Health Catalyst www.healthcatalyst.com Buy from Your EMR Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 10 Option 4 ANALYTIC SOLUTION With investment in an electronic medical records (EMR) system, many health systems look to their EMR vendor for analytics capabilities. There is a tradeoff to using an EMR as a healthcare analytics solution. EMRs are designed to capture and process large amounts of data, not to analyze or make sense of it.
  11. 11. © 2014 Health Catalyst www.healthcatalyst.com Buy from Your EMR Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 11 Option 4 ANALYTIC SOLUTION Some of the disadvantages of this option are:  Lack of analytic functionality  Weak change management ability  Difficult to merge and incorporate data from other vendors  “All eggs in one basket” scenario when using your EMR supplier for the data analytic solution as well
  12. 12. © 2014 Health Catalyst www.healthcatalyst.com Buy and Build an Analytics Solution from a Healthcare-Specific Enterprise Data Warehouse Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 12 Option 5 ANALYTIC SOLUTION Buy from a healthcare-specific enterprise data warehouse (EDW) vendor. These vendors offer solutions with the highest degree of analytic flexibility and adaptability, up to Level 8 of the Adoption Model. They can leverage expertise in building EDWs to incorporate data from many different systems to make it available to all of the various analytics applications.
  13. 13. © 2014 Health Catalyst www.healthcatalyst.com Buy and Build an Analytics Solution from a Healthcare-Specific Enterprise Data Warehouse Vendor Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 13 Option 5 ANALYTIC SOLUTION For this approach to be successful a healthcare organization must have a data-driven culture with high aspirations that views analytics as a clear business differentiator. The organization’s culture should also have a commitment to a higher degree of data literacy and data management skills.
  14. 14. © 2014 Health Catalyst www.healthcatalyst.com Many Options for Analytics The good news is there are several options for analytic solutions to choose from. The key is to determine which vendor best fits your organization’s clinical analytics needs, not just now but for the long term. Make sure the solution you choose has the flexibility to make adjustments in the future too. Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 14
  15. 15. Link to original article for a more in-depth discussion. Cut Through the Confusion: The 5 Types of Healthcare Analytics Solutions The Analytics Adoption Model Explained (a free, on-demand webinar, transcript, and slides) Dale Sanders, Senior VP of Strategy © 2014 Health Catalyst www.healthcatalyst.com More about this topic Why Databases and EMRs Don’t Make the Cut on Their Own David Burton, MD, Senior VP and Former Executive Chairman How to Unlock the Analytic Value of Your EHR Dan Burton, CEO Why Point Solutions Strike Out Ken Trowbridge, VP How to Evaluate a Clinical Analytics Vendor: A Checklist Dale Sanders, Senior VP of Strategy Proprietary. Feel free to share but we would appreciate a Health Catalyst citation.
  16. 16. – John Haughom, MD, Senior Advisor, Health Catalyst © 2014 Health Catalyst www.healthcatalyst.com For more information: Download Healthcare: A Better Way. The New Era of Opportunity “This is a knowledge source for clinical and operational leaders, as well as front-line caregivers, who are involved in improving processes, reducing harm, designing and implementing new care delivery models, and undertaking the difficult task of leading meaningful change on behalf of the patients they serve.” Proprietary. Feel free to share but we would appreciate a Health Catalyst citation.
  17. 17. Other Clinical Quality Improvement Resources Paul Horstmeier brings 25 years of Fortune 500 and small business operations and general management experience to Health Catalyst. He co-founded HB Ventures and filled senior executive roles at HB Ventures portfolio companies. Within Hewlett- Packard, Mr. Horstmeier launched and grew three different businesses, including co-founding HP's commercial e-commerce business which later expanded to include the management of the data systems and infrastructure for marketing operations across the company. As Vice President of HP.com, he headed up a 700-person organization which was awarded nearly every industry award for quality and innovation during his tenure. © 2014 Health Catalyst www.healthcatalyst.com Click to read additional information at www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation.

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