Geneia Wins Salesforce Innovator Award at HIMSS
Salesforce honors Geneia for its value-based care solution.
January 11, 2018
Mark A. Caron, FACHE, CHCIO, CEO
Human resource executives and benefit managers are acutely aware of the power of advanced analytics and data to improve the quality and cost of employee healthcare.
Geneia’s survey in collaboration with the National Alliance of Healthcare Purchaser Coalitions (National Alliance) found near universal agreement. The most salient findings are:
The survey also revealed the existence of an information gap between the current users of data and analytics and non-users. Most respondents (87 percent) said they are familiar with advanced analytics, but current users have a stronger understanding of how this kind of tool helps aggregate data, control spending, and manage health and wellness programs.
At Geneia, we know data and analytics can be intimidating to the non-user. That’s why we have worked to simplify and accelerate the process for extracting the most value, and are in a position to share best practices for getting started.
One of the health plans Geneia works with now provides all employers with access to dashboards of readily consumable information, including:
To help employers engage with their health plans about data and analytics, Geneia created a list of eight critical questions to ask, including:
To view the full list of questions, visit: https://www.geneia.com/blog/2016/december/eight-questions-to-ask-your-health-plan-about-employer-reporting.
Another resource is employer coalitions like the Lehigh Valley Business Coalition on Healthcare. LVBCH has embarked on an initiative to pool its members’ data and work collaboratively to address systemic issues such as diabetes care and outcomes.
It’s easier than you think to get started with analytics, and it’s important too.
With employer health costs on track to increase about five percent this year and likely at least that much in 2019 and 2020, data and analytics offers human resource leaders an effective way to mitigate cost increases.
The Geneia/National Alliance survey found many of your colleagues already know the power of analytics, as 83 percent of them said advanced analytics is the only way to lower costs and improve financial results through better understanding of how employees use healthcare services, who the high-risk employees are and how to intervene effectively.
At Geneia, we know that much remains to be done if we’re going to reverse widespread physician dissatisfaction.