Value-Based Care: SCIO Health Analytics Publishes Expert Article on Easing the Transition to VBC Through Data-Driven Insights

WEST HARTFORD, Conn., Oct. 24, 2017 /PRNewswire/ -- SCIO Health Analytics today published an expert article that discusses how provider organizations can leverage predictive and prescriptive analytics to gain deeper insights into patient and provider behavior, helping them thrive during the transition to value-based care payment models.

To download the expert article "Ease the Transition to Value-Based Care with Insight-Driven Outcomes," please click here.

The U.S. health system's shift towards value-based care has already begun and it's expected to accelerate in the coming years, with many experts citing 2020 as the tipping point at which more than half of healthcare dollars will be reimbursed through value-based care models. With so much at stake, and so many providers already facing razor-thin margins, it is critical that provider organizations employ data-driven decision-making to guide the transition process toward value-based care.

SCIO Health Analytics' new expert article, "Ease the Transition to Value-Based Care with Insight-Driven Outcomes" explains how provider organizations can begin to understand their readiness to transition to value-based reimbursement, and then expand insights into patient and provider behavior by drawing on a wider array of data, including socioeconomic and psychographic data. Provider organizations can then start to build analytics models that describe potential outcomes of different actions (predictive), and offer possible courses of action and estimate their probable outcomes based on organizational goals (prospective).

"To succeed in value-based care, healthcare organizations must be able to use what they know to create higher-level insights to predict, understand, and change behaviors," said Rose Higgins, president of SCIO Health Analytics and the article's author. "That is where the real value lies when it comes to improving care and financial outcomes. We have developed this article to help provider organizations draw up a roadmap for the transition to value-based care."

Additionally, the article discusses several key ways that providers can apply data and analytics to improve outcomes and reimbursement, including:

• Managing population and financial risk
• Improving quality measure compliance
• Optimizing provider network performance

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About SCIO Health Analytics

Based in West Hartford, Connecticut, SCIO Health Analytics is a leading health analytics solution and services company serving healthcare organizations across the continuum including provider groups, health plans, PBMs, health services and global life sciences companies.

SCIO provides predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations create the understanding that drives change through care, network and reimbursement optimization as well as commercial effectiveness. SCIO's insights as a service approach supports the shift to value-based care, solving healthcare problems simply and efficiently. Visit SCIO's new website for up to date information on their product and solution offerings: www.sciohealthanalytics.com

SOURCE SCIO Health Analytics

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