MedeAnalytics Introduces Clinical-Financial Performance Management Framework(c)
EMERYVILLE, Calif., June 21 MedeAnalytics, a leading provider of healthcare performance management solutions, introduced to the market the company's proprietary Clinical-Financial Performance Management Framework at the Healthcare Financial Management Association's 2010 Annual National Institute in Las Vegas, Nev.
While in recent months much attention has been given to the HITECH Act's requirements to encourage hospitals to implement and meaningfully use electronic health records and the Patient Protection and Affordable Care Act's various quality reporting provisions, the framework provides a comprehensive aggregation and analysis of these as well as other requirements, including the Agency for Health Research & Quality's Patient Safety and Quality Indicators, the Joint Commission and Centers for Medicare & Medicaid Services' Core Measures, the Physician Quality Reporting Initiative implemented by CMS, the Joint Commission's Ongoing Professional Practice Evaluation, the National Committee for Quality Assurance's Healthcare Effectiveness Data and Information Set (HEDIS) measures and other requirements.
By including a crosswalk analysis of all the requirements faced by hospitals as well as information about the nature and potential financial and non-financial risks associated with the requirements, the framework provides a logical, systematic approach to focus attention and resources on meeting the requirements that pose the greatest potential risk for the hospital.
"Given the daunting number of clinical performance measurement and reporting requirements facing hospitals and their potential ramifications, it is not an overstatement to say that how a hospital prepares for and manages its performance in this area may be the greatest determinant of its long-term financial viability," commented Ken Perez, MedeAnalytics' senior vice president of marketing. "We believe this framework constitutes a breakthrough development that will help hospitals navigate these increasingly challenging waters."
Leveraging the framework, MedeAnalytics' Performance Management Consulting organization offers a Clinical-Financial Risk Assessment that identifies the top clinical performance measurement and reporting requirements based on magnitude of financial risk and provides a customized estimate of the financial risk for a specific hospital by year for the next five years.
Founded in 1994, MedeAnalytics enables healthcare organizations to improve clinical, financial and operational performance through on-demand analytics and client services. For hospitals and health systems, MedeAnalytics provides solutions to address revenue cycle, patient access, clinical operations, staff productivity, regulatory compliance, finance and accounting, and enterprise performance management. For healthcare payers, the company provides solutions for provider network management, medical management and operations. MedeAnalytics delivers business intelligence to over 800 healthcare organizations using a hosted, Software-as-a-Service (SaaS) model, which reduces up-front costs and enables rapid implementation and exceptional time-to-value. For more information, visit www.medeanalytics.com.
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