Explorys Launches First Big Data-Powered Benchmarking Network to Prepare Leading Healthcare Systems for Value-Based Care Economy
World’s Largest Healthcare Big Data Compilation to Accelerate Quality Improvement, Cost Reduction, Risk Management and Transform Delivery Models with Comparative Data Network
New Orleans, LA, March 4, 2013 (HIMSS Booth #6455) — Explorys, the leader in big data-driven healthcare transformation, today announced the release of its new National Benchmark offering, which provides comparative metrics across more than 92 billion clinical, financial, and operational data facts spanning the continuum of care for 13 integrated delivery networks, 120 hospitals, and over 100,000 providers providing over $30 billion in care annually across the United States.
National Benchmarks, the first of a new series of comparative analytics, is available to Explorys’ customer base today, with support for disease management, quality, wellness, Accountable Care, and financial measures. These benchmarks offer unique insight into patterns and trends by supplementing comprehensive clinical data with claims and administrative data. This new offering enables leading healthcare organizations to compare their performance to the aggregate Explorys Network, all while preserving patient privacy and ensuring HIPAA compliance, and provider/system anonymity.
Participants in the Explorys Network include some of the nation’s leaders in care transformation, such as Cleveland Clinic, Catholic Health Partners, Iowa Health System, Centura Health, St. Joseph Health System, and Legacy Health. “These organizations recognize the imperative to leverage not only their own data, but also comparatively relevant metrics from the aggregate of their peers,” explains Stephen McHale, CEO, Explorys. “It’s this insight that enables provider organizations to design, construct, and measure value-based-care, bundled services, and direct-to-employer models. This is critical for effective payer contracting, as well as prediction and management of the impact on fee-for-service and other at-risk service lines.”
Building upon the Explorys Network and its growing member base, the company will continue to add capabilities throughout 2013 that enable advanced predictive models and analytics for value-based care transformation.
“Our ability to clinically benchmark both internally and externally within the Explorys Network provides an important basis for planning and measuring our quality and performance goals, particularly as the industry moves toward risk-sharing models. We see a significant advantage in using this insight to inform new service offerings and drive better relationships with our payers and employers,” stated Mike Murphy, President and CEO of Accountable Care, Iowa Health System.
Explorys will be demonstrating its platform, applications, and new Network Benchmarking features at the Healthcare Information Management Systems Society (HIMSS) 2013 Annual Conference and Exhibition from March 4-6, 2013 in New Orleans, LA at booth. To schedule time to meet with an Explorys representative or existing customer, please go to https://www.explorys.com/
Founded in 2009 as an innovation spinoff from Cleveland Clinic, Explorys provides the healthcare industry’s first secure, cloud-based Enterprise Performance Management (EPM) platform that leverages BIG DATA. Its analytics platform enables the country’s leading provider organizations to more effectively leverage their data to improve care quality, patient satisfaction, and support Patient Centered Medical Home (PCMH) and Accountable Care (ACO) models while applying the power of massively-parallel data processing to save lives and make healthcare affordable. Since its inception, Explorys’ platform has been adopted by 13 major integrated healthcare systems with over 92 billion data elements, 31 million cared-for-lives, 120 hospitals, and 85,000 providers. For more information, visit www.explorys.com.