Frost & Sullivan Report Provides Advice on PHM Strategies
Hospitals, health systems, and physician organizations are collectively spending billions of dollars to develop PHM capabilities such as care coordination and patient engagement, quality improvement initiatives, and physician network management.
Though eager to embrace value-based models, many payers and providers still view PHM as what results when clinical analytics are applied to a large group of patients to identify those who need additional care. Some organizations have failed to adopt a “defined approach due to lack of strategic preparedness and direction,” according to the Frost & Sullivan report, “US Population Health Management Market—Analysis and Competitive Landscape Assessment.”
As value-based care becomes the norm, organizations must rethink how they source analytics technologies to protect their investments and get the most from the programs and services that utilize data-driven insights. Frost & Sullivan recommend that providers and payers partner with vendors who can deliver a comprehensive solution that unifies data, analytics and services.
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