SpectraMedix Health System Analytics

Health System Analytics

Leverage Clinical Data to Reduce Penalties and Improve Performance with Spectramedix Health System Analytics Solutions

As healthcare transitions from Fee for Service to Pay for Performance models, access to current performance data is more critical than ever. Analytics focused on relevant and timely data allows you to adjust and improve quickly, ultimately leading to maximized incentives and reduced penalties.  Using near real time analytics and visually appealing dashboards, the SpectraMedix Solution provides insights to help you achieve systematic quality improvements and cost reductions.

  • Leverage data from multiple sources to provide ongoing physician performance scores
  • Facilitate the right comparisons through utilization of  “Case Mix Adjusted” metrics
  • Analyze performance statistics against state and national benchmarks
  • Monitor hospital performance with seasonally adjusted readmission trends
  • Enable critical comparisons to gain key insights via meaningful benchmarks
  • Estimate the financial impact of the hospital readmission rates
  • Identify high risk patients in real time using proprietary algorithms
  • Implement targeted interventions, such as medication reconciliation and enhanced discharge planning
  • Monitor post-discharge care and provide support for high risk patients after discharge
  • Track incidents and complication rates in near real-time
  • Monitor the impact of  interventions implemented to reduce complication rates
  • Understand how complication rates affect your HAC Reduction Program penalty
  • Use VBP scorecard to identify opportunities for improvement, thereby increasing VBP earnback
  • Track monthly performance changes in VBP domains and measures (with drill down to encounter level)
  • Monitor intervention impact on VBP measure scores
  • Flag and track actively-engaged patients in health system EDW
  • Align hospital performance with DSRIP goals through identification and monitoring of key metrics

Client Testimonial

“The EDW and self-service reporting capabilities provided by SpectraMedix have allowed us to easily transform data in our electronic health record (EHR) and emergency department systems into valuable information for monitoring operations and enhancing quality. The interactive dashboards allow us to easily visualize data and understand where improvement is necessary to take better advantage of numerous quality based incentive programs, including VBP and readmissions. Going forward, I expect this IT infrastructure to further improve clinical quality and patient care at RUMC.”

Elizabeth Wolff, MD, MPA – Senior Vice President of Care Transformation, Quality, and IT, Richmond University Medical Center

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