A security analyst recently released a report entitled Hospital Market Share Gains and Losses Medicare Top 100 DRGs on June 10, 2014. CMS recently released the top 100 DRGs for Medicare beneficiaries. The analyst makes several interesting assumptions and/or conclusions from the data.
Last week when CMS released the public data set, the Medicare Provider Utilization and Payment Data: Physician and Other Supplier Public Use File (PUPD for short), most of the articles primarily focused on the top ten physicians with the highest charges. The focus was on sensationalism and in general missed the main point of this data.
Do you calculate your hospital market share by ZIP Code or by County? Come to find out even if your answer is 'by county'; you are likely using ZIP Codes.
When patients register at a hospital, physician's office, surgery center or outpatient imaging center, their address is provided with ZIP code, not county. Many state data programs crosswalk the ZIP Codes to counties in order to create an additional view into the data.
An interesting discussion paper was recently released by IOM’s Evidence Communication Innovation Collaborative. Below are the key findings listed in the paper and a link to download the full paper.
How will survey results like these affect HIPAA guidelines? Is the patient's opinion taken into consideration in policy? Should there be an "opt-in" function at the individual level
Hospital Strategic Planning: Comparative Hospitals
Speaker: Lee Ann Lambdin, VP of Strategic Planning - Stratasan
Tags: ACA, events, Healthcare Market Research, healthcare strategic planning, hospital strategic planning, hospital strategy, Inpatient Statistics, market share, Marketplace, Population Health Management
Based on the HHS's self-reported data on people who actually signed up for the Marketplace, the Young Invincibles (8.8%) did not show up to the party. Comparing the actual age segments of the population from 2000 to 2012 shows just how quickly our population is aging and straining the Healthcare system already. The current Marketplace is an inverted pyramid which translates into a very scary fulcrum to keep the balance intact. The theory of population health management states that if we can get enough young healthy people in the base of the pyramid, it will support the demands of the more senior population.
We are constantly searching for new, effective ways to present intelligence from data. In order to accomplish this, the Stratasan team uses tables, charts, graphs and maps instead of raw data tables alone. Pairing these visual tools with raw data increases the efficacy of our products and adds a necessary element of excitement to the black and white world of data for our customers. The most common requests we fulfill are those around market share. This report specifically benefits from converting the data into visuals. Our goal is to present market share data in a way that clearly displays a hospital’s (and their competitors') presence in a market. We wanted it to be visually interesting while still providing a useful picture of a market area. So, Stratasan is pleased to introduce the Market Dominance Map.
Market share is a measure of breadth of services offered, distance to customers, public perception and physician capacity. Our hypothesis is, all things being equal; people prefer to go to the closest hospital. It is the "all things being equal" part where we lose patients. If patients perceive a difference in quality, lack of service available locally, or lack of availability to schedule an appointment with a physician; they will pass the closest hospital for another.
The Pew Foundation put out a very interesting study last week on Chronic Diseases. It was of interest due to the numbers of people who report living with Chronic Diseases and how they are using the Internet to help manage their own personal care. In this ever increasing world of eHealth, the need for apps to manage Chronic Diseases is increasing at a rapid rate. Pew estimates there are now 45% of American Adults living with 1 or more Chronic Diseases.
Your Community Health Needs Assessment is complete with lots of community involvement. Your community has assisted in prioritizing the most important health issues. Your hospital has selected and prioritized the health issues and goals that it will work on, and has justifications for the issues it will not work on. There is still one more requirement to be met: an implementation plan with monitoring and evaluation of efforts. Stratasan suggests creating a Health Issues dashboard containing as much of the following information as possible.