SAS, HCI3 join to lower costs in the health care industry
SAS and the Health Care Incentives Improvement Institute (HCI3) are collaborating to help the health care industry address emerging provider reimbursement models through the use of advanced analytics. SAS is the leader in health analytics software and services and HCI3 is a pioneer in designing and executing evidence-informed payment solutions.
"In trying to control spiraling medical costs, value-driven payment models can mean the difference between being a market leader and lagging behind," said Jason Burke, Managing Director of the SAS Center for Health Analytics and Insights (CHAI). "Companies exclusively using conventional reimbursement models will miss emerging opportunities to profit from improved performance. Together with HCI3's experience, we'll help accelerate the change that will reward high-quality care."
SAS® Analytics and HCI3's PROMETHEUS Payment® ECR (Evidence-informed Case Rate) Analytics® will enable health plans and providers to implement bundled payment and accountable care organization (ACO) shared savings models. Dynamic and scalable, this approach to analyzing health care data streamlines the planning and execution of a wide variety of value-driven payment contracts. An ECR is a budget for a comprehensive episode of medical care within a defined time period. The software will help health plans and providers control costs, while improving quality and health outcomes.
"Payment reform is sweeping the U.S. and the world as private and public sector employers grapple with the continued growth in health care spending in tightening fiscal environments," said Francois de Brantes, Executive Director of HCI3. "Our work has shown how bundled payments and other value-based incentives can move providers from simply producing more services to focusing on effectiveness and efficiency. SAS' expertise can leverage that work and offer payers and providers the newest and most advanced solutions for this changing landscape."
This collaboration is sponsored and led by the SAS Center for Health Analytics and Insights (CHAI), a health industry think tank focused on identifying novel ways of applying advanced analytics to the challenges facing the health and life sciences industries. In the year since its inception, CHAI has published industry-leading research on the transformative opportunities for health analytics within both health plans and health care providers, as well as tackled industry collaborations in areas such as adaptive clinical trials, personalized health insurance, and now bundled payment analytics.
About HCI3
The Health Care Incentives Improvement Institute is a nonprofit organization guided by a Board of Directors that includes physicians, employers, health plans and other stakeholders. HCI3 has created a broad range of programs to measure outcomes, reduce care defects, promote a team approach to caring for patients, realign payment incentives around quality and reward excellence. HCI3 has implemented programs in communities across the country, working collaboratively with clinicians, hospitals, employers, health plans and others, through their two branded programs: Bridges to Excellence® (BTE) and PROMETHEUS Payment®.
About the SAS Center for Health Analytics and Insights
The SAS Center for Health Analytics and Insights (CHAI) is a strategy research and incubation organization focused on innovative uses of advanced analytics across health and life sciences. Through multi-disciplinary collaborations and the world's most powerful analytical software, CHAI helps organizations develop deeper patient insights, better medical outcomes, lower costs, and improved organizational performance.
SAS is the industry leader in health analytics software and services, delivering best-in-class solutions for improving medical care, strengthening financial performance, deepening customer relationships and pursuing medical innovations. All of the top 25 health plans and pharmaceutical companies depend on SAS for strategic insights into health outcomes, profitability, and customer preferences and behaviors that produce useful intelligence for business transformation and growth. Brigham and Women's Hospital, Kaiser Permanente, Healthways and McKesson are among the leading health care companies that use SAS. Visit SAS® for Health Care Providers and SAS® for Health Insurance for more information.
