Population Value™ | Financial Solutions
Population Value™ | Financial Analytics drives success in value-based contracts. Population Value taps into the power of big data to gain a comprehensive view of your population and financial situation. The solution provides an unmatched visibility into your ACO operations for meaningful advances in performance improvement and personalized patient intervention. Population Value ingests claims data to monitor expenditure trends, understand leakage, predict future utilization, and stratify the population. Both cost and clinical data are used to segment the population into chronic condition groups, high risk, and high cost segments. Population Value delivers insight through:
- Commercial and government (Medicare) ACO contracts managed in a single dashboard
- Financial and utilization metrics across the population with ability to drill down to patient-level or claim-level details
- Flexible, self-service analytics with custom reporting and visualizations
- Fast implementation within 2-4 weeks with drag and drop CCLF and commercial claims files
The Population Value application analyzes and categorizes claims data to monitor per member per month (PMPM) expenditures to support cost management for ACO populations. The tool identifies in- and out-of-network expenditures (leakage), as well as identifies trends in expenditure categories, such as inpatient, physician, DME, imaging, etc. Drill down capabilities at the practice, provider and patient level enable focused efforts on cost drivers and overall PMPM performance. The solution leverages claims data so ACOs can improve their financial performance against benchmark goals and targets.
In addition to expenditure monitoring, the Population Value application calculates and displays key utilization metrics that drive overall cost of care. Executive level and drill down review of critical utilization metrics (e.g. admits per 1000, ER visits per 1000, average LOS and readmission rates) are important for monitoring financial health. Identifying emerging trends in the data enable proactive steps to mitigate waste and unnecessary utilization.
Proper management of health care costs requires a deeper understanding of population risk and the ability to identify those with high risk or rising risk of higher utilization. The Population Value application uses the industry standard Milliman Advanced Risk Adjusters (MARA) models to calculate an individual risk score to predict future spending and utilization. The MARA model can break down the risk based on service categories (inpatient, outpatient, pharmacy, etc.) as well as identify which clinical conditions are driving the most risk. The application can identify high risk patients for interventions and proactive care as well as predict which patients are most likely to have a hospital admission or ER visit in the subsequent 12 months.