Newswise — Boston MA, April 14, 2011 – Humedica, a next-generation clinical informatics company, announces Humedica Clinical Value Matrix, a new product module in its Humedica MinedShareTM product line. Humedica Clinical Value Matrix is a novel clinical application that connects two key drivers in healthcare: outcomes, or change in health status, with resource utilization. Humedica Clinical Value Matrix is integrated within Humedica MinedShareTM, an innovative clinical analytics solution that empowers provider organizations to conduct robust operational and outcomes benchmarking and comparative analyses. Humedica is unveiling the Humedica Clinical Value Matrix product module at the American Medical Group’s Annual Conference in Washington, D.C.
“The Humedica Clinical Value Matrix creates a unique view of quality, outcomes and relative resource utilization for health care delivery within provider organizations. It addresses the gap left by standard pay-for-performance measurements, such as HEDIS, which measure select aspects of quality of care, but not the associated resources”, said Paul Bleicher, M.D., Ph.D. Chief Medical Officer of Humedica.
Humedica Clinical Value Matrix uses the power of over ten million patient lives and advanced data visualization techniques to present a compelling profile of health care value across two dimensions:
• Outcomes, or change in health status – individual improvement or deterioration in health status for particular measures like lab values as well as for an overall composite health measure.
• Resource use – individual measures including RVUs, E&M visits, complicated E&M visits, use of mid-level practitioners, use of expensive to less expensive drugs, and inpatient days relative to ambulatory visits.
“With Humedica Clinical Value Matrix, medical groups nationwide will be able to align quality and health improvement with resource utilization,” said Donald W. Fisher, Ph.D., President and CEO of the American Medical Group Association. This is exactly the capability our membership needs to compare performance with other medical groups and improve their competitiveness under current fee-for-service or bundled payment, Accountable Care Organization structure, and any other value-based payment systems,” he added.
“The challenge is providing better quality of care, while improving financial and operational efficiency. Humedica Clinical Value Matrix enables medical groups to better address these challenges, and respond to a constantly changing and evolving healthcare environment”, said Michael Weintraub, President and CEO of Humedica.
ABOUT HUMEDICAHumedica is a next-generation clinical informatics company that provides novel software-as-a-service (SaaS)-based business intelligence solutions to the health care industry. Through cutting-edge analytics, Humedica connects patient information across varied medical settings and time periods to generate a truly longitudinal and comprehensive view of patient care. Humedica provides our partners and customers with the informatics solutions necessary to improve, manage, and succeed in today’s dynamic health care market. Humedica is defining knowledge in health care.
About the American Medical Group AssociationThe American Medical Group Association (AMGA) represents medical groups, including some of the nation’s largest, most prestigious medical practices, independent practice associations, and integrated health care delivery systems. AMGA improves health care for patients by supporting multispecialty medical groups and other organized systems of care. Approximately 120,000 physicians practice in AMGA member organizations and these members deliver health care to approximately 110 million patients in 49 states. Headquartered in Alexandria, Virginia, AMGA is the strategic partner for medical groups, providing a package of benefits, including political advocacy, educational and networking programs and publications, benchmarking data services, and financial and operations assistance.
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