World News: 17:01 GMT Wednesday 15th May 2019. [Arcadia.io via Businesswire via SPi World News]
Population health management leader Arcadia.io announced today Chief Medical Officer Rich Parker, MD, will deliver a presentation at the New England HIMSS (NEHIMSS) Annual Spring Conference on using predictive analytics to identify patients who are most likely to benefit from care management programs.
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In Parker’s presentation, “Care Management: Using Predictive Analytics to Choose the ‘Actionable’ Patients,” he will share a next-generation model of how health organizations can use predictive analytics to support better patient stratification and improved care management. To establish a successful care management program, health systems must be able to accurately identify and target the patients who are most likely to respond to interventions, as measured by improvement to condition and reductions in cost and utilization.
Arcadia has developed an impact score to support this work. The predictive model is based on a machine learning algorithm that leverages organizational data from numerous disparate sources, including EHRs, claims data, social determinant of health data, and medication information. By using multiple data types, the predictive model can identify impactable patients or groups of patients, including those that may not have otherwise been identified. This enables healthcare organizations to find patients who are currently low cost but at high risk due to other factors such as disease burden, frailty or social determinants of care – and then intervene before those patients become high risk and high cost.
“Predictive analytics can offer powerful insights that help healthcare organizations to identify patients most likely to respond to care management, enabling organizations to achieve reductions in cost and utilization while improving population health management,” Parker said. “Today’s healthcare system is rapidly embracing the use of data but to truly drive change in the industry with positive patient outcomes and decreased cost, we must move beyond simple data collection to anticipate the needs of patients.”
NEHIMSS will be held on May 16 at Gillette Stadium in Foxborough, Massachusetts. The industry event will feature discussions and networking events with representatives from a number of leading healthcare organizations within the healthcare technology, payer and provider markets. Parker’s presentation is scheduled from 8:30 a.m. to 9:15 a.m.
At Arcadia, Parker serves as chief medical officer with overall responsibility for the design and implementation of clinical strategies, input into the roadmap and development of Arcadia’s technology and service programs, thought leadership in support of providers transitioning to value-based care, and strategic advisory work for physician leaders at Arcadia’s clients. Previously, Parker was an internist with a 30-year history at Beth Israel Deaconess Medical Center. From 2001 until 2015, Dr. Parker served as the medical director and chief medical officer for the 2,200-doctor Beth Israel Deaconess Care Organization, where he oversaw the physician network evolve from a fee-for-service payment system to a nationally recognized global payment pioneer accountable care organization.
Arcadia.io (www.arcadia.io) is a population health management company, specializing in data aggregation, analytics, and workflow software for value-based care. Our customers achieve financial success in their risk-sharing contracts through Arcadia’s focus on creating the highest quality data asset, pushing expertly derived insights to the point of care, and supporting administrative staff with data when and where they need it with applications including care management and referral management. Arcadia has off-the-shelf integration technology for more than 40 different physical and behavioral health EHR vendors, powered by machine learning that combs through variations in over 50 million longitudinal patient records across clinical, claims and operational data sources. Arcadia software and outsourced ACO services are trusted by some of the largest risk-bearing health systems and health plans in the country to improve the bottom line. Founded in 2002, Arcadia is headquartered outside Boston in Burlington, MA, with offices in Seattle, Pittsburgh, and outside Chicago in Rockford, IL. Arcadia was awarded 2019 Best in KLAS for Value Based Care Managed Services.
Business Wire: 17:01 GMT Wednesday 15th May 2019
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