Labs are great at performing tests and analytics and understanding what’s in the data. But there’s also significant information in there that you can use to improve your business.
Chief Medical Officer
Prognos
You can do all kinds of mental gymnastics with claims and Rx data to try to figure out which patients are in control or out of control, or at risk or not at risk. Or you can just look at the lab values.
Chief Medical Officer
Prognos
Having access to the data in a meaningful, usable format helps dictate which charts you should be pulling for your risk-adjustment scores.
Chief Medical Officer
Prognos
You can apply clinical data alongside socioeconomic data, claims data and other transactional stuff to come up with real models as to how we should be reimbursing for particular patients.
Chief Medical Officer
Prognos
If you have a patient who’s diabetic and the lab data are showing other comorbidities, that can be an outreach opportunity for you to work with his or her provider.
Chief Medical Officer
Prognos
If you look across multiple labs, you can build fairly complete pictures of patients, like, which patients need a proactive disease management program. This has tremendous value for population health, reporting or all those other things you’re beholden to from CMS.
Chief Medical Officer
Prognos
You need to harmonize your data so you can put it together at a scale that allows you to actually engage and do something with it.
Chief Medical Officer
Prognos
Reference:
The Value of Lab Data in the Healthcare Ecosystem
By Dhiren Bhatia and Tim Kuruvilla
Continue learning about the untapped potential of clinical labs to drive decisions throughout health care—on the levels of business, strategy and organizational direction.
Laboratory Data in ACO Environments
By Jenny Xu, Ph.D.
Learn expert strategies for clinical labs to apply their data and thrive in the new reality of accountable care.
ACOs Are Learning to Use Big Data
By Pamela Scherer McLeod
Read this article to understand how Pathologists and clinical laboratory managers are finding opportunities to add value through the use of big data.