How Reporting, BI, and Advanced Analytics can work for youCentricity LIVEApril 30, 2015

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Signpost

Introductions

From actionable reports to advanced analytics

Reporting

Business Intelligence

Advanced analytics

DenialsIQ™

How to read DenialsIQ™ insights

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Introductions

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Introductions

Travis Frosch – GEHC – Senior Product Manager

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From actionable reports to advanced analytics

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From actionable reports to advanced analytics

Reporting (Data Mining)

Business Intelligence

Advanced Analytics

DefinitionAnalyzes or extracts data from a database to identify patterns or relationships.

Extracts and analyzes various forms of data, with specialized applications to support business operations.

A data mining process that creates statistical models to predictfuture probabilities and trends.

Functionality

Real-time, native reporting tools to monitor daily activities.

Infrastructure to support optimized historical reporting and dashboarding from multiple data sources.

Advanced algorithms and intuitive, interactive visualizations to easily digest and represent large, complex datasets and concepts.

Customer Benefit

Insight into what is happening

Insight into why it happen? Insight into what will happen next and what should I do?

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Reporting

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Reporting

Move to leverage existing licenses

Real-time, native reporting tools to monitor daily activities

Insight into what is happening now

Mostly in simple graphs or tabular format

Ex: DeepSee

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Business Intelligence

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Business Intelligence

Informatics for Centricity Business, Centricity EMR, and Group Management

Infrastructure to support optimized historical reporting and dashboarding from multiple data sources

Insight into why it happen

Automated functionality

*GM discussion occurring with Origin

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Business Intelligence

Platform update– Complete web-based deployment

– Better performance

Rapid response install (6 weeks)– Subscription pricing (opex)

– Install 100 hrs.

– Customization 50hrs.

– 25 new reports and dashboards

– Available now

Post install customization/ consulting

Centricity Business Informatics v5.3

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Advanced Analytics

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Advanced Analytics

Analytics platform built on Predix for Healthcare

Using FastWorks + developing framework

Advanced algorithms and intuitive, interactive visualizations to easily digest and represent large, complex datasets and concepts.

Insight into what will happen next and what should I do?

DenialsIQ™

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DenialsIQ™

Denials are impacting key profitability ratios across the revenue cycle and reducing cost to collect

• 50 days, median A/R • 5.8% of hospital net patient revenue is bad debt, driven by denials

• $25 cost per re-worked claim

• 3.8% of claims denied on first submission

Increase Costs Reduce Revenue

• 50 to 65% of denials are never worked

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DenialsIQ™ from GE Healthcare IT helps customers improve financial performance with powerful insights

Advanced algorithm developed by GRC identifies the root cause of

denials trends

GE’s experience in Rev Cycle/consulting amplify performance

Software solution, built on Predix, refined by customers using FastWorks

Maximizing

customer success

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DenialsIQ™ identifies patterns based on root cause and prioritizes based on value, providing powerful insights without research that drive action

DenialsIQ™

Where are my most costly and unexpected denials trends? How do I fix them more effectively?

A “pile” of denials, each with a reason 300 denials x 1 (unsorted) Trends queried based on

experience, intuition

Traditional denial resolution approach With Insights

“The stuff we don’t know about.”

Patterns are identified automatically, can be resolved as a unit and common themes provide context without research

Root C

ause

Alg

orith

m

Dynam

ic Visu

aliza

tion

How Expected

Invoice Count

Denie

d C

harg

es

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How to read DenialsIQ™ insights

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Dynamic visualizations display trends based on user value

#717/$167

k

Pattern #7 17 denials within pattern$167k in denied charges

# of factors contributing to a pattern

Color indicates level of expectedness based on past history

Reduce cost to collect by focusing resources on solving, not finding, your most valuable problems.

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What are my largest opportunities?

Help me explore my data to understand my problems.

What are the patterns of my recent denials?

What are the root causes I can address as a set and stop from

recurring?

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Thank you!