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How to Choose the Best Healthcare Analytics Software Solution in a Crowded Market

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There’s a new trend in the healthcare industry to adopt analytics software solutions to help organizations achieve clinical and financial success. Because of the high demand for analytics, there are many players touting their ability to delivery comprehensive solutions. With so many options available, health systems need to be able to cut through the marketing hype to find tools that provide the best value for their needs. Key solutions include an enterprise data warehouse and analytics software applications (from foundational to discovery to advanced). Other considerations include the organization’s readiness for cultural change, the total cost of ownership required, and the viability of the company providing the technology.

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How to Choose the Best Healthcare Analytics Software Solution in a Crowded Market

  1. 1. How to Choose the Best Healthcare Analytics Software Solution in a Crowded Market ― Paul Horstmeier
  2. 2. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Healthcare Analytics Survey An eHealth Initiative survey asked 102 healthcare organizations about their use of data and analytics. They found that 90 percent use analytics for quality improvement and revenue cycle management. Also, 82 percent identified the importance of using analytics for population health management even though many aren’t using analytics for that purpose yet.
  3. 3. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Healthcare Analytics Survey A report from the CDC in 2013 reveals the following trends in healthcare improvements among those using analytics: Improvements % Patient care 82 Reduced readmissions rates 63 Overall health outcomes 62 Financial reporting capabilities 54
  4. 4. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Cut Through the Marketing Hype With analytics in high demand many players fill the market touting software solutions. Few actually have applications that will overcome current data challenges across multiple business needs including finance, research, and admin. It’s critical to adopt a foundation that can harness the full power of all stored data.
  5. 5. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Foundation for Analytics: An EDW A healthcare enterprise data warehouse (EDW) is the most important first step to becoming data-driven. In the EDW users can analyze data for near real-time answers to drive improvement initiatives. With a unique ability to provide a single source of truth an EDW allows users without technical skills to interact with the data.
  6. 6. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Foundation for Analytics: An EDW Texas Children’s Hospital used an EDW to create near real-time reports from data from across the organization. They discovered that each EDW report costs 67 percent less to build than an EHR report. The savings are significant. Reports that once took weeks or even months to prepare can now be generated in days, and sometimes hours.
  7. 7. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Foundation for Analytics: An EDW Sample EDW report:
  8. 8. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW Once the EDW is in place, the organization has the necessary foundation to begin to integrate sophisticated analytics software. These solutions integrate on top of the EDW and enable users to pull the relevant data. The following three types of solutions are designed to help health systems get the most out of their EDW and existing source systems:
  9. 9. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 1. Foundational Reporting Analytics Applications Foundational reporting apps automate data access through an efficient reporting and data distribution system. Dashboard and registries for clinical and operational conditions show useful data trends and patterns. Texas Children’s Hospital implemented an EDW with a foundational application, Population Explorer.
  10. 10. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 1. Foundational Reporting Analytics Applications Texas Children’s has reduced time required to develop clinical improvement projects by 85 percent. Sample Population Explorer visualization
  11. 11. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 2. Discovery Analytics Applications Once the foundational reporting structure is in place, the organization can advance to discovery applications and mine the EDW’s data. Users can drill down and find areas to prioritize for quality and cost improvement initiatives, including the ability to: • Identify areas with workflow variation and waste • Discover new groups of patients to target for population health management • Stratify patient populations to identify areas for intervention • Pinpoint opportunities by payer mix • Analyze patients with high readmissions risk
  12. 12. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 2. Discovery Analytics Applications Crystal Run Healthcare wanted an analytics solution to improve clinical variation. They adopted a late-binding EDW and the Cohort Builder and Comorbidity Analyzer.
  13. 13. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 3. Advanced Analytics Applications Advanced clinical analytics solutions are the key to solving healthcare’s most pressing challenges, such as population health management, clinical risk intervention, predictive analytics, and ultimately, personalized medicine.
  14. 14. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Analytic Applications for the EDW 3. Advanced Analytics Applications A not-for-profit healthcare system implemented an EDW, with advanced analytics—Population Analytics Advanced Application Heart Failure Module. The team established a comprehensive heart failure analytics platform in just 90 days. The team now has baselines for 30- and 90-day readmission rates.
  15. 15. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Choosing an Analytics Software Vendor Things to consider when choosing a vendor Choosing the right EDW and analytics software solutions are critical first steps to becoming data driven. Highlighted on the following slides are other considerations when choosing the vendor.
  16. 16. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Choosing an Analytics Software Vendor Cultural Change Readiness Changing an organization’s culture is necessary to realize the full value of an analytics investment. There is a way to successfully bring about this shift in culture by gaining leadership’s (both clinical and administrative) buy- in and support. The right vendor will assist organizations with this process.
  17. 17. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Choosing an Analytics Software Vendor Total Cost of Ownership It’s important to measure the total cost of ownership (TCO). Add up the three-year labor costs, licensing and support fees, and hardware costs associated with the solution. You should expect initial value realized within three to six months. If a vendor can’t meet that timeframe, look elsewhere.
  18. 18. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Choosing an Analytics Software Vendor Company Viability To determine a vendor’s viability the following questions must also be answered: 1. Longevity 2. Financial strength 3. Leadership 4. Resource investment
  19. 19. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Conclusion To get the best ROI from any analytics investment, it’s important to assess the vendor. They should offer an EDW and various levels of analytics software solutions covering every possible healthcare analytics need. Once health systems have the right partner and technology solutions, they will be well on their way to becoming completely data-driven organizations.
  20. 20. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. More about this topic Gartner Report: Major Shift From EMRs to Data Warehousing and Analytics Paul Horstmeier, SVP Healthcare Analytics Adoption Model: A Framework and Roadmap (white paper) Dale Sanders, SVP; David Burton, MD, SVP; Denis Protti, ScD Anatomy of Healthcare Delivery Model to Transform Care Delivery David Burton, MD, Senior Vice President and Former Executive Chairman Texas Children’s Hospital: How to Improve Quality with an EDW A health system case study How to Evaluate a Clinical Analytics Vendor: A Checklist Dale Sanders, SVP Link to original article for a more in-depth discussion. How to Choose the Best Healthcare Analytics Software Solution in a Crowded Market
  21. 21. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. For more information:
  22. 22. © 2014 Health Catalyst www.healthcatalyst.com Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Other Clinical Quality Improvement Resources Click to read additional information at www.healthcatalyst.com 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.

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