Innovaccer Inc., a leading San Francisco-based healthcare data platform company, today announced the launch of Provider Utilization Portal, a free tool that presents a nation-wide view of healthcare utilization. Healthcare organizations can leverage this tool to get a deeper look into key utilization metrics of various facilities in and out of their state.
Skyrocketing healthcare services costs have made it critical for providers to understand major cost drivers and manage their expenditures. With three years of deeply researched data, the tool delivers in-depth trend analyses on benchmarks, best/worst performing measures for inpatient services, outpatient services, and SNFs.
The tool incorporates data for over 700 Diagnosis-related Groups (DRGs), 25+ Ambulatory Payment Classification (APCs), and more than 65 Resource Utilization Groups (RUGs). Data from over 3,000 provider organizations have been collated to emphasize the following key metrics and their impact on outcomes:
-Case Mix Index-based comparisons
-DRG performance for inpatient services
-APC performance for outpatient services
-DRG deviation in length of stay (LOS) and readmissions; with respect to national and state benchmarks
-Hospitals with least LOS
-Risk-adjusted charge per beneficiary and per day for SNFs
-Average LOS in SNFs
-Average total payment trends
-Provider payment performance
-High and low performing measures for each practice
Transforming healthcare requires providers to rely heavily on data to evaluate the impact of various interventions, but excessive and disorganized data has limited action. By leveraging Innovaccer’s data platform, the tool ingests, normalizes, and analyzes multiple disparate datasets to deliver actionable insights in a user-friendly interface. Through heat maps, scatter plots, bar graphs, and other visualization techniques, the Provider Utilization Portal offers both high-level snapshots and facility-specific analysis to enable transparent and data-backed decisions.
“With an increased focus on capitation and value-based care payment models, it has become paramount to understand the cost drivers and their impacts,” says Abhinav Shashank, CEO at Innovaccer. “Data is growing by the second in healthcare and separating noise from useful information with a pioneering data platform and analytics is a priority. Our newly launched tool is a part of our commitment to drive efficiency in the entire space as a whole.”
Innovaccer will be showcasing this tool along with their healthcare data platform at HIMSS 2018 this March. Join the team at booth #649 at the Sands Expo Center in Las Vegas to get a first hand demonstration of Innovaccer’s healthcare data platform.
Access the Provider Utilization Portal here: utilization.innovaccer.com/utilization
Innovaccer Inc is a leading healthcare data platform company focused on delivering a more efficient and effective healthcare through the use of pioneering analytics and transparent, clean, and accurate data. Innovaccer’s aim is to simplify complex data from all points of care, streamline the information, and help organizations make powerful decisions and realize strategic goals based on key insights and predictions from their data. Its products have been deployed across more than 500 locations with over 10,000 providers leveraging it at institutions, governmental organizations, and several corporate enterprises such as Mercy ACO, StratiFi Health, Catalyst Health Network, Osler Health Network, and PHIX HIE. Innovaccer is based in San Francisco with offices around the United States and Asia.
For more information, please visit innovaccer.com or follow us on Twitter @innovaccer.