ArborMetrix, a provider of real-time healthcare analytics, has announced that the Michigan Value Collaborative (MVC) chose its fully integrated, cloud-based clinical analytics platform to power meaningful analysis and decision support for the first statewide episodic bundled payment initiative in Michigan.
MVC aims to improve healthcare quality across Michigan through rigorous performance feedback, empirical identification of best practices, and collaborative learning.
Launched in March 2013, MVC will deploy ArborMetrix's clinical analytics to improve quality, outcomes and the cost-effectiveness of care.
To improve patient health and reduce costs, MVC sought a way to analyze the care processes and outcomes for complex and highly technical areas of care.
With the ArborMetrix platform, MVC will be able to profile 20 common inpatient conditions and procedures including bariatric, cardiac, general, and vascular surgeries and peripheral arterial interventions.
As part of healthcare reform, the Centers for Medicare and Medicaid Services (CMS) and other insurers are moving from a fee-for-service to a fee-for-value approach that may incorporate shared risk arrangements.
Under bundled payment models, hospitals and accountable care organizations (ACOs) will receive a lump sum payment from payers to be split among all parties involved in a defined episode of care, instead of being paid individually.
Therefore, it will be essential to gain insights into episodes of care and the best way to improve quality and cost-effectiveness.
They also work closely with other CQI programs sponsored by BCBSM's Value Partnerships Program. Like MVC, many CQIs use ArborMetrix's clinical registries and work collaboratively with providers to collect, analyze and share data to enhance care processes and eliminate variability in care.
ArborMetrix CEO Brett Furst noted the positive effect that transparency and communication can have on improving the care delivery system is incredible.
"Once again I applaud Blue Cross Blue Shield of Michigan for taking this 'vanguard' approach toward improving healthcare efficiency in Michigan," Furst added.