Best Population Health Management Tools include:
Population Health Management Tools Overview
What Are Population Health Management Tools?
Population Health Management (PHM) Software integrates data across healthcare IT systems and stores and aggregates patient data for analysis. These tools provide a large patient data resource and set of analytic tools to better predict and manage illnesses and diseases. Another function of PHM software is to facilitate care delivery across a population.
These products aim to improve efficiency and cost-effectiveness of the practice and improve the quality of individualized patient care. The accessibility and integration of data leads to better prediction of individual health risks, and a more accurate big picture analysis of community health trends.
Population Health Management platforms are utilized by health care providers and universities alike. The software's data analytics capabilities can be used to increase quality and cost-effectiveness of care as well as research health trends within a community.
Fee-For-Service vs. Value-Based Models
The cost-of-care analysis in the healthcare industry at large is shifting. Parallelling the changes within the industry, Population Health Management tools are becoming more compatible with value-based care models as opposed to more traditional fee-for-service systems. Although, many vendors still operate under the fee-for-service standard. Each model alters the cost-of-care analysis performed by the PHM software. As such, it is a feature that should factor into purchasing decisions.
Under the conventional fee-for-service (FFS) model, healthcare providers get reimbursed for costs by insurance companies or the government based on the individual services or procedures they order. Each service - including doctors visits, surgery consultations, treatments, and procedures - are billed separately as per patient per visit items. All of these items are then covered by third party payers, even if the service was not necessary or valuable to the patient.
In contrast, the value-based care model factors in the quality of service/procedure being provided and overall health outcome of the patient when calculating cost. This newer approach to healthcare provision emphasizes a more holistic approach to treating patients and coordination and communication between physicians across departments. Healthcare practitioners may receive incentive payments for successful treatment and providing better quality care to patients under this model.
PHM Features & Capabilities
Data aggregation services
Integration with EMR and EHR software
tracking utilization of services
patient risk stratification
test and treatment reminders
patient engagement and outreach
Most vendors do not openly disclose their prices but provide quotes upon request.