Optum: Modernizing Health-care with Data Analytics

Optum: Modernizing Health-care with Data Analytics

For a flourishing health organization, having an accurate and timely access to data is a key imperative. With majority of healthcare organizations being entirely data-driven, extracting relevant information from the available data is as important as having data accuracy. However, many healthcare providers and organizations are unable to deliver the progressive expectations and have to brook with limited data accessibility while delivering care. In such scenarios, healthcare firms require health risk analytics tools to achieve equalization of their service quality and program efficiency as well as implement volume-to value-based model in their business. Optum, a Minnesotta-based firm addresses these requirements of healthcare companies by offering a health services platform that blends data into technology and provides medicinal services results with better decision making ability. “Optum advances information with predictive analytics to deliver better outcomes for medicinal consideration,” says Larry Renfro, CEO of Optum.

Optum carries a health information system technology that has strong data analysis power and makes data accessible from any part of a healthcare system. With the interconnected health data system, any health organization can easily get the data and improve their service with proficient technology and at low cost. “Fueled by the industry’s most exceptional incorporated data Optum solution supports an adaptable suite of applications that rotates knowledge into action at the point of care,” extols Renfro.

Optum opens up a fee-for-value landscape with its offering, Optum One. For better health care outcomes Optum One gives an incentive as a motivating force to physicians to provide treatment in light of the quantity and quality. This cloud-based solution combines technology and analytic methodologies to highlight opportunities and significant decisions for a customer and power up heath services. By integrating care management data, the solution delivers a forthcoming outlook of patients and at the same time their population.

Optum Risk Reporting and Population Management tools draw an exhaustive picture of patient’s longitudinal care history.

In addition to these, Risk and Quality enablement solution prepares a company to operate better decision making and drive growth by estimating the company’s level of future risks and the power to absorb it. “Optum’s risk reporting tools are part of our product suite to support care management, provider network management and engagement, and clinical and financial trend analysis,” says Renfro.

Optum advances information to the level with predictive analytics and delivers better outcomes for medicinal consideration

Value-based care is an important element of health-care business models and achieving these methodologies can indeed be a challenge. Optum’s solution delivers customers the capability to add value to their business and enhance their service levels. In one instance, Saint Thomas Health, a renowned healthcare provider approached Optum to deploy their clinical and financial data analysis tools raise more grounded treatment methodologies to treat Sepsis and educate masses about the disease. Generally, many healthcare providers spend considerable amount of resources and time to treat patients affected with the deadly disease and bring down the mortality rates. With Optum the client was able to identify ways to control the diseases and determine appropriate treatment.

In the near future, Optum will proceed with adding more in clinical intelligence to drive a healthcare organization’s towards the accomplishment of their end results. “We will continue navigating our company’s journey with powerful insights, expertise, and solutions that convert health data to health intelligence, empower collaborative care, and improve revenue cycle management,” concludes Renfro.