Medical Groups: Focus on Federal and Commercial Incentive Programs
Medical groups are quickly moving from the traditional fee-for-service model to outcome-driven models for patient care, such as accountable care and medical homes. This trend is fuelled by commercial payers and health plans as well as multiple federal incentive programs such as PQRS, eRx, Meaningful Use, medical billing and coding, ACO and PCMH.
BI/Analytics: An Effective Way to Maximize Gains from Incentive Programs
Most outcome-driven incentive programs require medical groups to have an extensive view of data for clinical and financial performance management. Consequently, there is a strong interest in integrating, tracking and analyzing data from disparate clinical and financial systems, and using BI/analytics platforms to enhance the overall clinical and financial performance. Using BI/Analytics tools and platforms, medical groups can:
BI/Analytics: Key Challenges for Organizations to Effectively Use BI/Analytics
The healthcare industry has been plagued with many challenges which have prevented it for effectively using BI/Analytics platforms for clinical and financial performance management. The key issues have been:
CitiusTech’s BI-Clinical platform for healthcare BI/analytics offers more than 600 pre-built, out-of-the-box KPIs for clinical and financial performance management, with comprehensive coverage of industry and regulatory initiatives for Medical Groups. You can find out more about our BI/analytics offerings at https://www.citiustech.com/products/perform-quality.