Enabling the Optimization of Risk Contracts
Gennius provides a software platform that supports a robust, fact-based performance improvement framework that allows customers to drive higher healthcare quality while reducing costs:
1. Define Metrics and Objectives
The platform structures measurement algorithms as objects within the matrix. Measures can be created, adapted, and applied as necessary to understand and characterize performance. Measures come from two sources:
2. Define Performance Goals
Payment structures are increasingly requiring that providers simultaneously are managing to specific quality measure goals and to budgets that encompass the care for a population or a patient. Gennius incorporates the contractual requirements from each provider-payer contract into the system so that the goals can be associated directly with the relevant covered populations and care events.
Analysis of care can then be compared against goals set by contract or by other benchmarks that management determines to be appropriate (peer averages, prior period performance, national benchmarks, etc.)
3. Evaluate and Score Performance
As Care events are translated and loaded into the system, they are evaluated against the structured measurement algorithms in the system. A series of true/false answers about each patient is built and stored as a result of these evaluations. These evaluations become the most basic unit of analysis and can be aggregated up to view performance results at a patient, population, physician, care team or institutional level. Results can also be stratified to look at sub-populations by disease groups, by risk score, by cost, or by payer contract.
4. Prioritize Performance Improvement
Performance management is ultimately about taking action. The Gennius platform provides a rich interface for reviewing results, understanding performance and then zeroing in on the actions that will drive improvement. Results can be ranked , sorted, and filtered on any dimension. Trends can be observed and outliers identified. Typically, clients are able to drive performance improvement with two types of actions: