End users will be able to drill down from the highest level to the lowest level of detail to discover cost drivers in various communities. For example, they could track paths from the total cost of care to individual service catergories.
LEAWOOD, Kan. (PRWEB) May 01, 2013
TransforMED, a wholly owned subsidiary of the American Academy of Family Physicians that helps physicians transform their practices to the Patient-Centered Medical Home (PCMH) model of care, has selected Cobalt Talon for cost management analytics and reporting in its Patient-Centered Medical Neighborhood (PCMN) model test.
The PCMN innovation program seeks to deliver better health outcomes, better health care and lower costs by expanding the proven PCMH model to include coordination of care across the wider medical neighborhood, which includes specialists, subspecialists, hospitals and other community health services.
Cobalt Talon provides analytics and data management products and services from its headquarters in Kansas City, Mo. It joins project awardee TransforMED, a not-for profit subsidiary of the American Academy of Family Physicians; and project affiliates VHA Inc., a network of not-for-profit hospitals that is based in Irving, Texas; and Phytel, a health care IT company in Dallas.
Cobalt Talon solutions help health care companies address industry-changing events fueled by health care reform law. As the cost management analytics vendor for the PCMN innovation program, Cobalt Talon will provide a hosted analytics platform consisting of a data enrichment process, an integrated data model and a business intelligence application that enables self-service reporting and ad hoc analytics.
Specifically, Cobalt Talon will receive Centers for Medicare and Medicaid Services (CMS) claims data for the patient population of participating providers from the 15 U.S. communities in the innovation program. The Cobalt Talon analytics platform for health care will enhance the raw data received with industry-specific classifications and will append predictive intelligence and opportunity values to relevant records. It then will model and place the enhanced CMS claims data into the Cobalt Talon analytics database platform where it, in turn, can be accessed through a best-in-class business intelligence application.
TransforMED and specified stakeholders will have secure access through their own private analytics portal to Cobalt Talon reporting and analytics features and functions.
“The Cobalt Talon tool will allow us to track and monitor program performance and outcomes and compare them against industry standards and regional benchmarks,” said Blake Williamson, MD, healthplan specialist for TransforMED.
End users will be able to drill down from the highest level to the lowest level of detail to discover cost drivers in various communities, Williamson explained. For example, they could track paths from the total cost of care to individual service categories such as inpatient, outpatient, pharmacy or specialty. They also could use the tool to go from a high-level population view to service areas, specific providers or to a specific patient.
“This data will allow us to calculate savings in medical costs over time,” Williamson added. “Using focused analytics from Cobalt Talon will help us compare baseline data against post-intervention data among participating providers.
“During the three years of the PCMN model test, this information will allow us to evaluate the impact of PCMH and PCMN implementations, and provide meaningful measures of progress toward the triple aim.”
“Transforming raw data into actionable business intelligence enabling more effective and efficient health care through the PCMN model directly aligns with our company’s mission,” said Cobalt Talon President Darren Taylor. “We look forward to many successful outcomes as we work closely with TransforMED, CMS, Phytel and VHA on this innovative national program.”
The Leawood, Kan.-based TransforMED is a nonprofit, wholly-owned subsidiary of the American Academy of Family Physicians. Established in 2005, TransforMED provides ongoing consultation and support to physicians as they work to implement the patient-centered medical home model of care in their practices. TransforMED is an active member of primary care communities and recognizes and supports the unique value that primary care offers to patients and the health care system. TransforMED shares and supports the idealism and altruism of primary care physicians and the strong commitment to their communities and patients through continuing patient relationships and independent decision making. TransforMED offers practices both products and services, including consultation and advice on implementing the patient centered medical home model. To learn more about TransforMED, visit http://www.transformed.com. Follow us on Twitter and find us on Facebook.
About Cobalt Talon
A Kansas City, MO-based company, Cobalt Talon, LLC is a wholly owned subsidiary of Cobalt Ventures, LLC -- a firm that oversees multiple independent companies offering a wide range of innovative healthcare focused services. Cobalt Talon offerings include data management and analytic solutions covering the entire spectrum, from basic reports to advanced analytics. The solutions are designed to help healthcare organizations face industry-changing events fueled predominantly by recent healthcare reform law. Cobalt Talon’s portfolio contains advanced analytic modules designed to address specific business unit needs; a fully integrated and hosted enterprise analytic platform developed to handle virtually all of a company's analytic needs; and data management and consulting services, which includes an award-winning healthcare data model and implementation services. Cobalt Talon’s data enhancement processes and analytic delivery solutions directly enable population health management initiatives, provider efficiency and effectiveness analytics, and the movement to a consumer-based healthcare market. To learn more about Cobalt Talon or Cobalt Ventures, visit http://www.cobalttalon.com or http://www.cobalt-ventures.com.
About VHA Inc.
Founded in 1977 and based in Irving, Texas, VHA Inc. is a national network of not-for-profit health care organizations that work together to drive maximum savings in the supply chain arena, set new levels of clinical performance, and identify and implement best practices to improve operational efficiency and clinical outcomes. VHA leverages its expertise in analytics, contracting, consulting and networks to help its members achieve their operational, clinical and financial objectives. In 2011, VHA delivered record savings and value of $1.9 billion to members. VHA serves more than 1,350 hospitals and more than 72,000 non-acute care providers nationwide, coordinating delivery of its programs and services through its 13 regional offices. VHA has been ranked as one of the best places to work in healthcare by Modern Healthcare since the publication introduced this list in 2008. For more information, visit http://www.vha.com and follow us on Twitter.
The premier company empowering physician-led population health improvement, Phytel provides physicians with proven technology to deliver timely, coordinated care to their patients. Phytel's state-of-the-art registry, which now encompasses more than 20 million patients nationwide, uses evidence-based chronic and preventive care protocols to identify and notify patients due for service, while tracking compliance and measuring quality and financial results. For more information, please visit http://www.phytel.com. Follow us on Twitter and find us on Facebook.
The project described is supported by Funding Opportunity Number CMS-1C1-12-0001 (the “FON”) from the Department of Health and Human Services (“HHS”), Centers for Medicare and Medicaid Services, Center for Medicare and Medicaid Innovation (“CMS”). Pursuant to said FON, TransforMED and CMS have entered into a cooperative agreement to explore the development of new models for the delivery of better health, better health care and lower costs through improved quality for Medicare, Medicaid and Children’s Health Insurance Program (“CHIP”) enrollees. The project executed pursuant to the cooperative agreement shall not restrict the freedom of choice of providers/services for Medicare, Medicaid and/or CHIP patients in fee-for-service (“FFS”) plans. The project contents are solely the responsibility of TransforMED and its project affiliates, Phytel, VHA Inc., and Cobalt Talon, and do not necessarily represent the official views of HHS or any of its agencies.