Managing the cost and care associated with chronic conditions remains a top priority for both payers and providers. Consider the facts:
- The prevalence of chronic conditions:
- Half of all adults have one chronic condition.
- A quarter of all adults have two or more conditions.1
- The impact of comorbid behavioral health and medical conditions:
- 86% of the country’s $2.7 trillion in annual healthcare expenditures are for people with chronic and mental health conditions.2
- Average annual costs, including medical, pharmaceutical and disability costs, for employees with depression may be 4.2 times higher than those incurred by a typical beneficiary.3
- The rate of noncompliance to prescribed treatments is three times greater with depressed patients4
While conditions like diabetes, heart disease, and asthma account for a significant portion of U.S. healthcare spending, they are often preventable or manageable through lifestyle choices, early detection, and proactive care. As a result, the shift to value-based care has prompted healthcare organizations to look beyond chronic condition management and get the bigger picture on factors affecting their patient populations like identifying opportunities for preventative care.
This movement toward population health—monitoring groups or individuals across the care continuum—requires increased data collection, sharing, and collaboration between payers and providers to align and achieve goals.
Often, data is fragmented and housed in multiple disparate systems, creating inefficiencies and missed opportunities to intervene and engage with at-risk individuals before chronic conditions develop. The power of prevention can be found in turning knowledge into action. Advanced analytics not only helps organize disparate clinical, financial, and operational data, but also offers a more holistic view of patients—identifying targeted opportunities to close gaps and deliver quality, coordinated care.
There are three key ways MedeAnalytics Population Health can help manage chronic conditions:
- Look for specific markers indicating that a patient is potentially at risk for a chronic condition
- Identify areas that could be problematic in specific sub-populations such as medication non-compliance
- Monitor effectiveness of care management and wellness programs
Learn more about MedeAnalytics Population Health or to see what the solution can do for you, request a demonstration.
1https://www.cdc.gov/chronicdisease/about/multiple-chronic.htm
2https://www.cdc.gov/chronicdisease/about/costs/index.htm
3https://www.who.int/mental_health/media/investing_mnh.pdf
4https://www.ncbi.nlm.nih.gov/pubmed/10904452
Get our take on industry trends
The Real Payback of Healthcare Analytics: Key Questions from Healthcare Leaders Around the Nation
MedeAnalytics hosted a Fierce Healthcare webinar featuring key senior leaders from three preeminent healthcare organizations in the U.S: At the…
Read on...The future of digital health part 4: Convergence of AI and analytics for healthcare payers
This post is the fourth and final of our Digital Health series, featuring healthcare visionary and thought leader Andy Dé. In this series, Dé has been discussing how COVID-19 has triggered remarkable digital transformation and uncovers five long-term innovation implications that providers, healthcare leaders, and payers need to consider.
Read on...Use SDOH + Analytics to power better outcomes for underserved population
Whether you’re a payer, provider or patient, on the front lines of care, sitting in front of a computer or receiving treatment, you’ve been affected by the pandemic. Of all the groups who participate in healthcare in one way or another, perhaps no single group has suffered more over the last year during the pandemic than the underserved— those people without ready access to needed healthcare services.
Read on...Go beyond recognition: Use data to take meaningful action this Nurses Week
Since 1994, America has observed National Nurses Week annually from May 6-12. This year more than ever before, it’s critical that healthcare organizations go beyond recognition and start taking action to more effectively support and serve nurses.
Read on...