Population Health Management is the aggregation of patient data across multiple health information technology resources, the analysis of that data into a single, actionable patient record, and the actions through which care providers can improve both clinical and financial outcomes.
What is population health management?
How it works
Population Health Management (PHM) seeks to improve the health outcomes of a group by monitoring and identifying individual patients within that group. Typically, PHM programs use a business intelligence (BI) tool to aggregate data and provide a comprehensive clinical picture of each patient. Using that data, providers can track, and hopefully improve, clinical outcomes while lowering costs.
A best-in-class PHM program brings clinical, financial and operational data together from across the enterprise and provides actionable analytics for providers to improve efficiency and patient care. Delivering on the vision of PHM requires a robust care management and risk stratification infrastructure, a cohesive delivery system, and a well-managed partnership network.
While data may be used individually by each hospital or practice, rarely is the same BI tool used across the continuum of care, such as inpatient, hospital outpatient and ambulatory settings. Even less common is a BI tool that integrates information on physician billing, electronic health records (EHR), medical claims, labs and pharmacies.
A successful PHM program will give real-time insights to both clinicians and administrators and allow them to identify and address care gaps within the patient population. A well-developed care management program is the key to better outcomes and cost savings, especially in populations with chronic disease.
Care management is a critical component of PHM, and while the objectives of care management can vary from organization to organization, they tend to revolve around improving patient self-management, improving medication management, and reducing the cost of care – such as admit rates.
Putting PHM to work
Philips Wellcentive leads the industry in creating population health management systems that deliver measurable results. Philips Wellcentive’s approach to PHM is provider-facing, cost-effective and draws on the data you already have. Contact Philips Wellcentive today to learn more about how PHM can help your practice.
PHM has many advantages
Better health outcomes
The ultimate goal of PHM is simple: improving the quality of care while reducing costs.
PHM improves the care of those with chronic and costly disease by using IT solutions that track and manage their care.
Closing care gaps
A fully-integrated BI tool helps close gaps in care by allowing organizations and physicians to have real-time access to track and address patient needs. Laboratory, billing, electronic health record and prescription data is all incorporated and providers can easily pinpoint unmet needs and gaps in data or service delivery.
Cost savings for providers
As with all advances in healthcare management, population health management is a win-win. By leveraging data analytics, PHM improves clinical outcomes while reducing costs.