Medisolv: Using Analytics to Drive Quality and Financial Performance

The sweeping changes in the healthcare landscape, with the meaningful use legislation and Centers for Medicare & Medicaid Services (CMS) initiatives to improve healthcare quality, has had a profound impact on healthcare providers. The new value-based purchasing payment models from CMS are rewarding hospitals and providers that deliver services of higher quality and value. “This linkage of current performance to future payments makes real-time reporting on quality and performance metrics a prerequisite for survival,” begins Zahid W. Butt, MD, FACG, President & CEO, Medisolv, Inc., a Columbia, Maryland-based healthcare IT company.

With quality of care directly tied to an organization’s financial health, Medisolv’s ENCOR suite of hospital and physician quality management solutions is helping hospitals to measure and manage quality and operational performance in near-real time. ENCOR software integrates with the hospital’s clinical and financial data to provide daily quality measure analytics. Providers and hospitals can perform timely comparisons to benchmarks instead of waiting months. Trends and potential issues are easily identified and can be acted upon quickly. Intuitive dashboards provide insights and controls needed to succeed in both regulatory compliance and value-based purchasing.

With its extensive library of predefined analytics content and BI tools, the Medisolv RAPID analytics product supports self-service BI for end users, freeing up valuable IT resources. RAPID’s advanced predictive analytics capability in key areas, such as readmissions,uses daily updates of clinical data to identify patients at the highest risk for readmission even before discharge. uses daily updates of clinical data to identify patients at the highest risk for readmission even before discharge. Using this data to selectively direct case management can lead to highly efficient use of these expensive resources.