OM1: Reshaping Value-Based Care

The paradigm shift from volume-based service to value-based care in healthcare is reshaping the information needs as well as emphasizing the requirements for outcomes measurement. This evolution is moving healthcare organizations towards outcomes-based and risk-sharing models with an emphasis on developing a robust connection between clinical outcomes and actual value. To achieve success with these emerging models, there is a huge demand for new, valid and standard approaches that can meet various stakeholder requirements and effectively analyze the most appropriate metrics. That’s where OM1 comes into the picture. OM1 provides outcomes analytics and data solutions that connect outcomes to value, using relevant information and standardized measures for understanding risk and tracking performance. “We have created a standardized and rigorous approach that helps facilities, providers, and other stakeholders to cost-effectively measure and predict individual patient outcomes in a scientifically robust and clinically meaningful way,” begins Richard Gliklich, Founder and CEO, OM1.

OM1’s outcomes analytics system is focused on simplifying the way healthcare providers measure and manage clinical and financial outcomes. With the system, organizations can effectively integrate and automate outcomes data and identify and act on value-driven insights. “The information generated by the system is useful from a big picture view of an organization down to a more detailed understanding of results, whether at the condition, pathway, therapy or provider level,” asserts Gliklich. Along with that, it also helps in reporting and analytics, while delivering relevant insights to support critical clinical and financial decisions faced by healthcare organizations. Further, by leveraging OM1’s unique approach, organizations can use patient cohorts to provide evidence-based recommendations for value-based deal structures and track outcomes to evaluate the merit of agreement metrics.

OM1’s outcomes analytics solutions are powered by a combination of rigorous science, innovative clinical analytics, machine learning technology, and backed by their own database which is one of the largest clinical and administrative datasets in the United States. “We access the data linked to our database, integrate it with client’s data and then deliver predictive and prescriptive analytics that center on the risks that are actionable and most relevant to patients, populations, and programs,” elucidates Gliklich.