Verily forges population health pact with 3M
Verily Life Sciences revealed a partnership with 3M Health Information Systems to create a joint platform for population health management.
The technology will be designed to analyze data pertaining to both patient populations and financial performance, the companies said, with the goal of enabling hospitals to use the data to improve care quality and reduce costs.
While 3M said the platform will build on its coding and classification tools as well as its risk-stratification methodologies, Verily said it will bring data analytics, algorithms and software development to the partnership.
[EHRs getting better? Readers rank vendors higher than last year in new survey]
The companies added that the technologies will enable hospitals and payers to identify trends and make predictions about patient populations that ultimately enhance performance by reducing waste and inefficiencies.
"We imagine a world where providers have precise information to guide focused improvement, and can consistently access objective, actionable feedback to make informed decisions," said Tom Stanis, head of software and analytics at Verily, in a statement.
3M president JaeLynn Williams added that the platform to emerge from this new partnership will address real-world problems both payers and providers are facing today.
To that end, it will encompass clinical quality measures related to complications, mortality rates and readmissions, as well as performance measures spanning processes, people and departments, including home health, care transitions and specialists. On the cost side, the tools will gauge length of stay and service line costs, 3M and Verily officials said.
Helpful advice for planning to purchase a population health platform:
⇒ Experts explain what to look for when choosing a population health platform
⇒ Comparison chart of 8 population health products
⇒ An in-depth look at 8 population health software programs
