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
More Megatrends: Price Transparency, Telehealth, Individualized Medicine
By Scott Hampel, president of MedeAnalytics Now that we’ve dealt with Megatrends one through three, we’re approaching the next set.…
Read on...2020 Megatrends: Consumerism, Data Privacy and Security, AI
With 2020 two weeks old, it’s becoming clear the data produced in the healthcare industry by providers, consumers and payers will power and propel our 9 megatrends. Healthcare data is the foundation on which we’re building everything from healthcare outreach for the underserved to new Internet of Things-based healthcare programs to treatments designed just for you.
Read on...Why Unconventional Businesses Will Find Success in Healthcare: It’s the Data
It seems everyone is moving into healthcare. It’s a rapidly growing industry, historically dominated by large, well-embedded companies and organizations, and “pure tech” companies have had difficulty breaking in. That, however, is changing.
Read on...Data and Social Determinants of Health
By Scott Hampel – I think a lot–and I’m not the only one–about how we can improve the ways we pull information from data. Data on its own is inert: just waiting to be understood and then used. And that’s a major challenge for many organizations. Data is often trapped in different applications with no easy or convenient way to extract it.
Read on...