Accenture, Loopback Analytics Collaboration Aims to Assess Value-Based Care Models | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Accenture, Loopback Analytics Collaboration Aims to Assess Value-Based Care Models

January 26, 2018
by Heather Landi
| Reprints

Accenture has teamed up with health data analytics company Loopback Analytics in an initiative to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement (BPCI) Advanced program.

“BPCI-Advanced represents a rare opportunity for health systems to receive detailed claims data from CMS to help optimize post-acute networks and inform value-based care initiatives,” Neil Smiley, CEO of Loopback Analytics, said in a statement. “This collaboration will support providers as they make the transition to alternative payment models and value-based care.”

The initiative combines Accenture’s data-driven consulting services with Loopback’s analytics platform, enabling providers to evaluate the economic impact of bundled payment participation across 32 clinical episodes, as defined by the Centers for Medicare & Medicaid Services (CMS). The partnership aims to provide organizations with insights to evaluate the impact of participation across CMS-defined clinical episodes, comparing local and national benchmarks for practice patterns, episode costs and clinical performance.

In addition to helping support health systems that participate in value-based care models, Accenture and Loopback Analytics will help health systems identify and improve clinical variation, leading to cost efficiency and more consistent outcomes. Leveraging Loopback’s platform, Accenture will provide clients with analysis of their clinical performance and targeted recommendations to improve clinical processes. 

“In an increasingly competitive market, health systems face mounting pressure to improve services and outcomes while achieving cost efficiency across care settings,” Gerry Meklaus, managing director at Accenture, said. “Our collaboration with Loopback Analytics aims to identify where providers can reduce clinical variation while achieving stronger performance in their value-based contracts.”

 

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

KLAS Research: Small Hospitals’ Buying Decisions Impacting EMR Market Share

A new KLAS Research report tracks shifts in electronic medical record (EMR) vendor market share among acute care hospitals, and finds that smaller hospitals are seeking technology solutions that meet their needs and limited budgets, and these contracts are making a mark on the EMR market.

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).