Healthcare Strategic Growth Blog

Following the Numbers: COVID Trends by Age, Gender, and Care Setting

Posted by Dave Sellers on Aug 4, 2020 1:57:41 PM

Tracking the Impact of COVID-19 Using All-Payer Claims Data

By Dave Sellers and Morgan Atkins

In a recent blog post, we took a data-based look at virtual care. We considered the importance of data for growth planning and how All-Payer Claims Data (APCD) provides unique insights that can inform hospitals and health systems as they prepare to respond to the growth of telemedicine.

In this post, we’re once again analyzing APCD, this time looking for COVID-19 trends. We’ve reviewed data trends from January - June of 2020, compared year-over-year numbers to see shifts from 2019 to 2020, and considered pre- vs post-COVID diagnosis code fluctuations. It’s important to note that while we reviewed diagnosis codes related to COVID, there are several which are for negative for inconclusive results. See below for our findings related to gender, age, and care setting shifts.

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Tags: all-payer claims data, apcd, COVID-19

Innovative Solutions to the Healthcare Revenue Crisis

Posted by Morgan Atkins on Jul 7, 2020 4:00:00 PM

Key Opportunities Hospitals Leaders Shouldn’t Overlook

By Morgan Atkins

The trials of 2020 have left many in the healthcare industry searching for ways to diversify their income. Due to COVID-19, hospitals across the nation are estimated to lose $200 billion between March 1 and June 30, according to a report from the American Hospital Association. This current financial strain and shaky future prospects are pushing healthcare institutions to find creative ways to keep revenue flowing while still maintaining high-quality care.

Becker’s Hospital Review cites the reimbursement landscape challenges and dwindling patient volumes as two main factors leading at least 29 hospitals across the U.S. to file for bankruptcy this year. In this post, we’ll consider how hospital leaders can turn these leading indicators of distress into golden opportunities for growth.

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Tags: leadership, healthcare leadership, innovation, revenue, telehealth, telemedicine, virtual care, market reimbursement analyzer

[Infographic] The Crazy Statistics of Fireworks and the 4th of July

Posted by Gavin Chance on Jun 30, 2020 8:30:00 AM

Stay Safe this July 4th by Avoiding these Injury Trends

By Gavin Chance

Don’t become a statisticstay safe this July 4th! Even in a year when the number of large fireworks shows will be significantly reduced from what we're used to, fireworks usage is already making the news, as noted in this BBC article. 

In an effort to help you prepare for this holiday and avoid the most common accidents, we’re sharing our research covering five years of fireworks injury data. Here's what we found:

  • 72% of fireworks accidents occur at home
  • Men are twice as likely to become injured as women
  • 27.9% of injuries happen to children, ages 0-10 years old

Click-to-Tweet: Did you know? 72% of fireworks accidents occur at home, 11.75% occur in public, and 11% at a sporting event.

Interested in learning more, such as the most common diagnoses and where most injuries occur? Check out our infographic, below.

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Tags: data visualization, data analytics, data-driven decisions, infographic

Automate Your Busy Work and Make Time for Strategic Thinking

Posted by Lee Ann Lambdin on Jun 16, 2020 9:44:30 PM

Uncovering Opportunities to Increase Productivity

By Lee Ann Lambdin and Morgan Atkins

Especially in times of crisis when demands are filing in from every direction, looking for opportunities to increase productivity through automation is key. Teams must find ways to work smarter, not harder, as the saying goes. 

Today, hospitals are stretched thin by so many varying concerns. Fewer elective surgeries and increased financial pressures. The need to remain vigilant regarding COVID-19. The demand to manage strategic operations with a reduced staff as many have been furloughed. Across the board, the stress of working in the healthcare industry is at an all-time high. 

Automation can help teams keep up. Further, it can make time for more meaningful work—including strategic growth planning and preparation of the future. In this post, we’ll discuss how to activate automation and trigger a shift to more wisdom-focused work.

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Following the Numbers: A Data-Based Look at Virtual Care

Posted by Dave Sellers on Jun 9, 2020 4:42:43 PM

Early Data Shows the Rapid Shift in How Patients are Receiving Care

By Dave Sellers, Beth Duke, and Lee Ann Lambdin

In a recent blog post on planning for the future of telehealth, we shared tips for how to shift to a more aggressive virtual care strategy. We discussed ways growth planners can embrace telehealth and be better prepared for the future. We also talked about the importance of data while growth planning and how All-Payer Claims Data (APCD) provides unique insights that can inform hospitals and health systems as they prepare to respond to the growth of telemedicine.

We won’t have complete data insights until July as to the full impact of COVID-19 and the resulting rapid adoption of virtual care. The data we do have shows the drastic impact of the virus and the resulting stay-at-home mandates. By tracking the “Telehealth” care setting, we see a momentous spike in virtual care in March of 2020. While the transition to virtual care began to take effect in 2018, it clearly jumped in March of 2020 due to virus concerns. Take a look at claims and encounter data below to see the spike in virtual visits.

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Tags: strategic planning, hospital strategic planning, all-payer claims data, apcd, telehealth, telemedicine, virtual care

Founder's Perspective: Celebrating Our 9th Anniversary

Posted by Brian Dailey on May 26, 2020 4:45:15 PM

Reflections on How We Began and How Far We’ve Come

By Members of the Stratasan Team

Every May, our team sets aside time to celebrate. During this month nine years ago, Stratasan was officially established as a company. Our annual celebration looks a bit different this year. We can’t gather off-site as a team. Instead, we look towards the fall as a time for some much-needed face-to-face conversation and merriment. For now, we’ll raise a glass together digitally and share a few words about how far we’ve come and how grateful we are for the team we have today. Please enjoy the reflections below, shared by long-time members of our team.

 

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Tags: Stratasan, anniversary, founder's reflections

Data Transparency in Reimbursement Discussions

Posted by Jennifer Keller on May 19, 2020 4:00:47 PM

Level the Playing Field for More Productive Negotiations

By Jennifer Keller

There’s a discussion across healthcare about the need for greater price transparency. The talk is about whether or not patients should know the hard costs of medical procedures and how much they can expect to pay out of pocket for medical services. Armed with this information, they can shop around for care that fits their quality standards as well as their budget. 

At Stratasan, we feel there’s another layer of healthcare price transparency that’s needed—transparency that can level the playing field in provider-payer reimbursement negotiations. Both providers and payers are in need of more data to inform their negotiating position.

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Tags: market reimbursement analyzer, reimbursement, data confidence, transparency, data transparency

Top 5 Community Health Concerns

Posted by Brett Barrier on May 13, 2020 9:39:44 AM

Put Your CHNA to Work to Address these Issues 

By Brett Barrier

Over the past several years, Stratasan’s Strategic Advisory Services team has completed more than 50 CHNAs. This work is done side by side with a hospital and their community in an effort to assess the health of the community and develop a plan for addressing top health concerns. Over time we’ve noted trends in common health concerns and how community involvement is so important to make the changes needed to correct these issues. In this post, we’ll discuss these findings in more detail.

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Tags: chna, community health, Community Health Needs Assessment, community outreach

The Value of Having Confidence in Your Data

Posted by James Porter, Ancore Health on Apr 28, 2020 4:58:14 PM

Leverage Adjustable Confidence Scoring for Empowered Payer Negotiations

By Hannah Killian and James Porter

In survey research1, a confidence level is applied to express how confident a researcher is in the data obtained from a population sample. A confidence level lets someone know if they can trust the research data to make decisions. 

Similarly, a confidence level (or score), when applied to all-payer claims data (APCD), indicates the trustworthiness of this data for making healthcare decisions. It’s a metric that ensures integrity and can empower a provider to use this data with greater assurance. 

Greater data confidence can be useful when pursuing a number of healthcare planning initiatives. In this post, we’ll discuss specifically how an adjustable confidence-scoring system is valuable when preparing for provider-payer reimbursement negotiations. Equipped with this tool, providers can:

  1. Experience data with certainty, knowing that the cleaning and curation work has already been done 
  2. Apply their intuition, since variability can be adjusted to allow for the application of local knowledge
  3. Approach negotiations empowered by data insights, assured that the data they’re relying upon to make decisions is trustworthy

Let's get started discussing each of these factors in more detail. 

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Tags: data-driven decisions, data qa, market reimbursement analyzer, reimbursement, data confidence

Introducing StrataCares: COVID-19

Posted by Stephanie Johnson on Apr 21, 2020 4:17:37 PM

Content, Training, and Community for Healthcare Professionals

By Stephanie Johnson

Life in the healthcare industry has undoubtedly been turned upside down. Whether you’ve been pulled to the front-lines providing medical care, or working on the business behind the scenes, your priorities have shifted. 

In the hopes of supporting your current work situation, we've launched StrataCares: COVID-19, where we’re providing virtual training sessions, curated educational content, and opportunities to connect. Each offering has been developed with our collective “new normal” in mind and is intended to be relevant to what you need now.

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Tags: COVID-19, Coronavirus, StrataCares

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