Transforming Value-Based Care with Health Catalyst: IHCI Success Story

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Transforming Value-Based Care with Health Catalyst: IHCI Success Story

Introduction to Value-Based Care and IHCI's Challenge

In the face of rising healthcare costs, payers are increasingly turning to value-based care (VBC) as a solution to reduce expenses. The Innovative Healthcare Collaborative of Indiana (IHCI) recognized the importance of data and analytics in achieving success in VBC. IHCI faced challenges in evaluating its impact on patients due to limited data and analytics impeding their improvement efforts.

Implementing Data and Analytics Solutions for Success

To address these challenges, IHCI turned to Health Catalyst for a solution. By leveraging the Health Catalyst Data Platform, Value Optimizer™ application, and Healthcare.AI™, IHCI could integrate data from multiple sources including clinical and claims data. This allowed IHCI to develop custom solutions, meet their data and analytics needs and design strategies to enhance their performance.

Enhancing VBC Outcomes Through Data-Informed Strategies

With the support of Value Optimizer, IHCI could develop risk-based contract strategies, manage complex populations, and identify valuable improvement opportunities. By using evidence-based practices, IHCI ensured patients received appropriate care, leading to a significant reduction in costs. The organization monitored and quantified the impact of workflow changes on outcomes, enabling them to optimize patient care and drive better results.

Realizing Results and Future Plans

The data-informed VBC strategies implemented by IHCI resulted in a remarkable $28.3 million reduction in costs over one year. Improved inpatient utilization led to a $9.88 decrease in per member per month spending, a reduction in hospital visits, and fewer readmissions within 30 days. Moving forward, IHCI aims to further advance analytics adoption to enhance leadership decision-making and continuously refine program offerings.

Conclusion: Accelerating Healthcare Improvement with Health Catalyst

Health Catalyst's solutions enabled IHCI to transform value-based care by leveraging data and analytics to drive actionable insights and realize significant cost savings. By continually refining their strategies and enhancing analytics adoption, IHCI is paving the way for better patient outcomes and improved healthcare delivery.

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