As US healthcare continues its journey towards “value based care” and more explicitly, a transition to provider organizations assuming risk, a core element for success often remains absent—data. One of the most fundamental components required for success under value-based care is an overlay of a robust data analytics and to accomplish this, one simply must have access to such information.
So what accounts for this absence in an industry perceived to be rich with data and information? Generally, it can be attributed to a reactive and fragmented approach of healthcare organizations and their adoption of electronic medical records(EMR) and other operational systems housing this vital information. Electronic medical records, billing, and purchasing systems, were generally implemented to serve a sole regulatory requirement deadline, or an individual department’s process need. Often it was done without a future vision of the data’s use or an (unrealistic) panacea promised by a given system vendor.
This is a notable barrier when not only is there data fragmentation within a given health system, but the problem/fragmentation/barrier is also? magnified when healthcare organizations look to collaborate for value-based care and to assume risk.