This tip is part of a series exploring big data in healthcare. Each story in the series breaks down an aspect of analytics and where it fits into healthcare needs. This piece explores how payer's analytics systems are changing with the adoption of wellness programs, as well as the increased focus on population health management.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
The role of payers is changing; many are adding wellness programs to their payment services. These new additions are transforming payers' risk analytics and business models from pure payment claims analytics to population health management.
This new paradigm is rapidly altering how payers do business. Traditionally, payers were only responsible for patient health risk assessments, setting premiums, collecting premiums, analyzing claims and making payments to its members. Their powerful analytics against claims data, however, weren't designed for clinical purposes, but for optimizing revenues. Healthcare providers have mastered the art of profiting from these predictive analytics systems.
However, healthcare reform moves providers toward pay-for-performance reimbursements and their cousin bundle payments. With a heavy emphasis on population health management, insurance companies have also started wellness initiatives that are not purely clinical in nature, but include elements of preventative care and patient behavior management.
When designing such analytics, you should consider the following key design steps:
- Extend data warehouses to an analytics appliance.
- Invest in a big data platform to absorb patients' social data.
- Build predictive analytics for patient behavior.
- Bridge collaborative and behavioral analytics with claims to build revenue and profitability.
Running analytics on clinical data begins a new, interesting tug-of-war between payers and providers. Both would like to keep patients out of hospitals through population behavior change, but this requires payer organizations to venture into the service bureau for such services. Population health management requires less of a business-data analytics approach and more social media and gaming-style logic to understand patients. In this way, payers can help develop interventions to sustain behavioral changes for better health.
Due to payers' mature predictive analytics competencies, they will have a much easier time in the next generation of population behavior compared to their provider counterparts. As clinical content is often unstructured compared to the claims data, payers need to pay extra attention to context and semantics when deciphering clinical content submitted by providers.
Continue to the next tip in this series.
Naeem Hashmi is chief research officer for Information Frameworks, as well as an expert in healthcare data analytics, information management and data exchange. He is an active member of HIMSS, CHIME and AMIA. Let us know what you think about the story; email email@example.com or contact @SearchHealthIT on Twitter.