I was just reading Mayo Clinic’s newsletter detailing Mayo’s point of view on healthcare reform. According to the point of view article, the Number “one” recommendation is Medicare Value Indexing or V=Q/C. Value = Quality/Cost and they give you some examples of “measuring” quality and I quote:
1. Quality (Q) — the numerator — includes clinical outcomes, safety and patient reported satisfaction.
Examples of outcome measures: hospital admissions, emergency department visits, readmission rates and mortality rates
Examples of safety measures: central line infection rates, medication errors and post-operative complications
Examples of patient satisfaction: National Research Corporation’s Healthcare Market Guide
2. Cost (C) — the denominator — encompasses the cost of care over time.
Sound familiar? Both these recommendations rely heavily on Informatics. Ability to measure outcomes, safety measures and patient satisfaction are all functions of an Informatics solution. The denominator, as explained in the article, ability to do trend analysis on cost is another function of a comprehensive informatics solution. The article goes on to recommend doing a value-based care “demonstration project”.
Now, not to brag, but our software, IATROMATIX, is a comprehensive platform that has quite a few of these capabilities built in. If you are interested in a presentation, please email me at kishore@metaanalytix.com
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