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Healthcare Factoids to Power Your Brain 2015

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We hand-picked the most interesting, useful, credible factoids from 2015 (including the plethora of facts that came out of the 2nd Healthcare Analytics Summit) to create an easy-to-share presentation. The 55 factoids included in this presentation revealed several interesting healthcare trends: Trend #1: Healthcare analytics continue to improve outcomes and save money. For example, OSF’s predictive readmission model reduced its all-cause readmission rate to less than 10%. Trend #2: New technologies are improving patient engagement. For example, 73 percent of health executives surveyed see positive ROI from personalization technologies, and 76 percent of doctors say patient use of wearable health devices improves engagement. Trend #3: Patients and providers agree on data is useful but have security and interoperability concerns. For example, 83 percent of patients don’t trust EHR safety and security, and 83 percent of physicians are frustrated by EHR interoperability. Although a majority of healthcare leaders understand the importance of using analytics to improve outcomes and reduce costs, only 15% of hospitals use predictive analytics. We hope to see analytics use increase in 2016, and we’re excited to see how technology will continue to engage patients and lead to better health outcomes.

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Healthcare Factoids to Power Your Brain 2015

  1. 1. Healthcare Factoids to Power Your Brain 2015
  2. 2. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 58% of Medicare payments made in 2013 were tied to fee-for-service models. Source: Modern Healthcare, "Medicare payments still lean toward volume, not value,“ Sabriya Rice, May 5, 2015 http://www.modernhealthcare.com/article/20150505/NEWS/150509962 Our collective challenge going forward will be to gauge not just how quickly payment reform progresses, but also how effectively it helps to improve the quality and value of care for the over 50 million Americans insured by the Medicare program” ― CPR Executive Director Suzanne Delbanco
  3. 3. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Since 2011, hospital-acquired conditions have fallen by 17 percent, saving an estimated 50,000 lives and $12 billion. Source: HHS, December 2, 2014 http://www.hhs.gov/news/press/2014pres/12/20141202a.html Today’s results are welcome news for patients and their families. These data represent significant progress in improving the quality of care that patients receive while spending our health care dollars more wisely. ― HHS Secretary Sylvia M. Burwell
  4. 4. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Medicare all-cause 30-day readmission rate fell to around 17.5% in 2013, translating to an estimated 150,000 fewer hospital readmissions among Medicare beneficiaries. Source: CMS, "Better Care, Smarter Spending, Healthier People: Improving Our Health Care Delivery System," January 26, 2015 https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2015-Fact-sheets-items/2015-01-26.html
  5. 5. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthIT Analytics, "86% of Providers Aim for Integrated EHR, Practice Management," Jennifer Bresnick, June 8, 2015 http://healthitanalytics.com/news/86-of-providers-aim-for-integrated-ehr-practice-management 70% of smaller physicians have still not settled on a technology suite for meaningful use.” ― Doug Brown, Black Book
  6. 6. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. $2.58 $0.54 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 Paper Digital Source: Becker's Health IT & CIO Review, "25 health IT data points on EHRs, MU, mHealth and big data," Akanksha Jayanthi, January 6, 2015 http://www.beckershospitalreview.com/healthcare-information-technology/25-health-it-data-points-on-ehrs-mu- mhealth-and-big-data.html In 2012, paper-based claims submissions cost $2.58 compared to $0.54 for digital.
  7. 7. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 83% of patients expect hospitals to use EHRs, but only 53 percent said they trust the safety and security of the software. Source: Becker's Health IT & CIO Review, "25 health IT data points on EHRs, MU, mHealth and big data," Akanksha Jayanthi, January 6, 2015 http://www.beckershospitalreview.com/healthcare-information-technology/25-health-it-data-points-on-ehrs-mu- mhealth-and-big-data.html
  8. 8. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthIT Analytics, "EHRs Don't Do Enough for Care Coordination, Docs Say," Jennifer Bresnick, January 19, 2015 http://healthitanalytics.com/news/ehrs-dont-do-enough-for-care-coordination-docs-say/ 83% of physicians are frustrated by EHR usability, interoperability and integration.
  9. 9. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 68% of Healthcare IT leader- ship believe their Health IT is improving quality of care and patient satisfaction. Source: HIMSS, "26th Annual HIMSS Leadership Survey," April 2015 http://s3.amazonaws.com/rdcms-himss/files/production/public/2015Conference/images/2015-HIMSS-Leadership-Survey-Infographic.jpg
  10. 10. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthIT Analytics, "Just 15% of Hospitals Use Predictive Analytics Infrastructure," Jennifer Bresnick, March 24, 2015 http://healthitanalytics.com/news/just-15-of-hospitals-use-predictive-analytics-infrastructure/ Just 15% of hospitals are using advanced predictive analytics to stay one step ahead of preventable hospital readmissions, and hospital- acquired conditions.
  11. 11. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Clinical Innovation+Technology, "Data Analytics: Paths to Value-based Care," Laura Pedulli, March 23, 2015 http://healthitanalytics.com/news/healthcare-big-data-analytics-adoption-rises-by-6-since-2013 OSF’s healthcare predictive readmission model has helped bring their all-cause readmission rate to less than 10%.
  12. 12. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthIT Analytics, "Healthcare Big Data Analytics Adoption Rises by 6% Since 2013," Jennifer Bresnick, May 27, 2015 http://healthitanalytics.com/news/healthcare-big-data-analytics-adoption-rises-by-6-since-2013 70% of providers surveyed by KLAS Research in 2014 said they can see tangible patient care benefits from the implementation of population health management tools.
  13. 13. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. $3714 $371 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 High Low The average cost per inpatient day across US ranges $371 - $3,714. Source: Becker's Hospital CFO, "Average cost per inpatient day across 50 states," Emily Rappleye, May 19, 2015 http://www.beckershospitalreview.com/finance/average-cost-per-inpatient-day-across-50-states.html
  14. 14. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HIT Consultant, "Healthcare Internet of Things To Reach $117B ny 2020," April 23, 2015 http://hitconsultant.net/2015/04/23/healthcare-internet-of-things-to-reach-117b-by-2020/ The Healthcare Internet of Things will reach $117 billion by 2020.
  15. 15. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 30% of healthcare payment's $5 trillion annual price tag wasted due to inefficient billing. $1.5 Trillion Down-the-Drain Source: Becker's Hospital CFO, "30% of healthcare payment's $5 trillion annual price tag wasted due to inefficient billing," Carrie Pallardy, June 3, 2015 http://www.beckershospitalreview.com/finance/30-of-healthcare-payment-s-5-trillion-annual-price-tag- wasted-due-to-inefficient-billing.html
  16. 16. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: The Advisory Board Company, "AHRQ: The conditions that cause the most readmissions," Daily Briefing, April 22, 2014 https://www.advisory.com/daily-briefing/2014/04/22/most-common-readmissions Medicare patients account for > 55% of all readmissions & 58% of costs associated with readmission.
  17. 17. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Becker's Health IT & CIO Review, "25 health IT data points on EHRs, MU, mHealth and big data," Akanksha Jayanthi, January 6, 2015 http://www.beckershospitalreview.com/healthcare-information-technology/25-health-it-data-points-on-ehrs-mu- mhealth-and-big-data.html IDC Health Insights predicts 65% of healthcare interactions will be mobile by 2018.
  18. 18. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthLeaders, "Population Health Hot-Spotting," Jim Molpus, May 2015 http://www.healthleadersmagazine-digital.com/healthleadersmagazine/may_2015?folio=10#pg62 Intermountain Healthcare found that the top 1% of high-cost, high-utilizing patients (“hot-spotters”) accounted for 24% of all healthcare costs.
  19. 19. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Health Care Transformation Task Force, "Proactively Identifying the High Cost Population," July 2015 https://static1.squarespace.com/static/548b623fe4b0991231a05ff0/t/559423dbe4b0fc1e2ed51fb6/1435771867875/White+Paper +-+Proactively+Identifying+the+High+Cost+Population.pdf While top 5% of patients incur more than 49% of healthcare spending, not all are chronic users of services.
  20. 20. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Mobi Health News, "FDA-cleared digital health devices to save healthcare $100B by 2018," Jonah Comstock, June 4, 2015 http://mobihealthnews.com/44107/fda-cleared-digital-health-devices-to-save-healthcare-100b-by-2018/ Survey shows 57% of US consumers self-track their health information online. The proliferation of internet-connected solutions and evolving regulatory guidelines are blurring the lines between clinical and consumer health solutions” ― Rick Ratliff, Accenture
  21. 21. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Gartner, "Top 10 Strategic Predicitions for 2015 and Beyond," October 4, 2014 https://www.gartner.com/doc/2864817?refval=&pcp=mpe By 2020, developed world life expectancy will increase by a half-year, due to the widespread adoption of wireless health monitoring technology.
  22. 22. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Accenture, "2015 Healthcare IT Vision: Top 5 eHealth Trends" http://nstore.accenture.com/techtrends/healthcare/Healthcare_Technology_Vision_2015_Infographic.pdf 76% of doctors say their patients’ use of wearable health devices helps patient engagement with their own health.
  23. 23. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: The Beryl Institute, "The State of Patient Experience 2013 Findings" http://c.ymcdn.com/sites/www.theberylinstitute.org/resource/resmgr/benchmarking_study/2013_benchmarking_slides.pdf 70% of healthcare executives rank patient experience among their organization’s top three priorities for the next three years, but only 17% feel “very positive” about their progress toward improving patient experience.
  24. 24. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: B.E. Smith, "2015 AHA Environmental Scan," Gene J. O'Dell, Donna J. Aspy, & Lee Ann Jarousse" https://www.besmith.com/thought-leadership/articles/2015-aha-environmental-scan Forecasts suggest over 75% of physicians could be employed in hospitals and systems by 2020.
  25. 25. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Institute for Healthcare Improvement. (2014). Congestive heart failure. http://www.ihi.org/Topics/CHF/Pages/default.aspx Heart failure (HF) affects an estimated 5.3 million people, mostly the elderly, and is the underlying cause for 12 to 15 million office visits and 6.5 million hospital days each year.
  26. 26. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Anderson GF. Medicare and Chronic Conditions. Sounding Board. New England Journal of Medicine. 2005 July 21;353(3):305 Currently, more than 80 percent of Medicare patients have one or more chronic conditions. More than 20 percent are treated for five or more chronic diseases.
  27. 27. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Becker's Health IT & CIO Review, "25 health IT data points on EHRs, MU, mHealth and big data," Akanksha Jayanthi, January 6, 2015 http://www.beckershospitalreview.com/healthcare-information-technology/25-health-it-data-points-on-ehrs-mu- mhealth-and-big-data.html The healthcare industry can save about $8.1 billion annually through additional conversions from manual to electronic transactions.
  28. 28. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Accenture, "2015 Healthcare IT check-up shows progress (and some pain)--Infographic" https://www.accenture.com/us-en/insight-2015-healthcare-it-check-up-shows-progress-pain-infographic.aspx Interoperability: 51% of US doctors in 2015 routinely access clinical data of a patient who has been seen by a different health organization, slightly up from 45% in 2012.
  29. 29. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: HealthIT Analytics, "How a Shortage of 90k Physicians May Impact Healthcare Reform," Jennifer Bresnick, March 6, 2015 http://healthitanalytics.com/news/how-a-shortage-of-90k-physicians-may-impact-healthcare-reform/ Report predicts shortage of 90k physicians by 2025.
  30. 30. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Accenture, "2015 Healthcare IT Vision: Top 5 eHealth Trends" http://nstore.accenture.com/techtrends/healthcare/Healthcare_Technology_Vision_2015_Infographic.pdf 73% of health executives surveyed see positive ROI from personalization technologies.
  31. 31. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: B.E. Smith, "Healthcare Trends 2015," Doug Smith, MBA, MHA & Christine Ricci, MBA, RN https://www.besmith.com/thought-leadership/white-papers/healthcare-trends-2015 Video consultations are projected to grow from 5.7 million in 2014 to 130 million by 2018.
  32. 32. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. New report: number of physician assistants has jumped 36% since 2009. Source: Forbes, "Physicians Assistants Grow, Expand Value-Based Care Role," Bruce Japsen, April 22, 2015 http://www.forbes.com/sites/brucejapsen/2015/04/22/physician-assistants-write-value-based-care-prescription/
  33. 33. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Source: Accenture, "2015 Healthcare IT Vision: Top 5 eHealth Trends" http://nstore.accenture.com/techtrends/healthcare/Healthcare_Technology_Vision_2015_Infographic.pdf 66% of US health systems will offer digital self-scheduling by the end of 2019.
  34. 34. © 2016 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. 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. Link to original article for a more in-depth discussion. Healthcare Factoids to Power Your Thinking - 2015

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