Benefits of Health Information Exchanges for Quality Reporting and Value-Based Care
To perform well in value-based care, healthcare providers must report improvements in quality, cost and utilization measures that align with their payers’ expectations. When it comes to providing data, analytics and technological capabilities for reporting these measures, health information exchanges (HIEs) offer several advantages over other data aggregators:
HIEs provide clinical data, which is typically faster than claims data alone, giving you the latest information on your patients.
HIEs combine data from disparate care settings, ensuring you have your patients’ longitudinal patient records and aggregated population information.
HIE data governance and access controls deliver the right data to the right parties for secure, user-specific views and goals.
With HIEs, comparable benchmarking data is available at national, regional, and local levels, allowing you to compare performance with other entities.
Advanced technology provides greater functionality to help you filter and perform analysis on the data for deeper insights.
Value-based care affects everyone in some way. It doesn’t matter if you’re a payer looking to improve your National Committee for Quality Assurance (NCQA) Healthcare Effectiveness Data and Information Set (HEDIS®) measures or a provider looking to decrease utilization. What transcends the entire health care ecosystem is the need to identify, measure, track, report and improve quality. HIEs not only have the data to augment stakeholders’ internal data sets for amplified performance, but they also have the analytic capabilities to produce valid measurement logic and results. With so many benefits, it’s clear to see that HIEs are essential to value-based care.
To learn more, download the following white papers:
Evolving HIE Value: Why We Need More Alignment with Quality
The Indispensable Value of Health Information Exchanges
About KPI Ninja
KPI Ninja is a data analytics company that helps healthcare organizations accelerate their quality, safety, and financial goals with a unique combination of software and service. We are differentiated by our signature mix of technology, performance management consulting and healthcare expertise. We don’t merely offer software solutions but work shoulder to shoulder with clients to help them draw on the power of analytics and continuous improvement methodologies to become more efficient. In harmony with our data-centered ethos, we truly believe that our success is strongly co-related with yours.