ORLANDO, Fla., Feb. 20, 2017 /PRNewswire/ -- At the 2017
Health Information Management Systems Society (HIMSS) conference in
Orlando, IBM (NYSE: IBM) today
introduced several new offerings, collaborators and clients. IBM
Chairman, President and CEO Ginni
Rometty will deliver the HIMSS17 opening keynote address
today from 8:30-10 am ET, broadcast
live on www.ibm.com, www.ibm.com/watson/health, and
ibm.com/industries/healthcare. Her remarks examine the advent of
the Cognitive Era and the implications on the development of new
medicines, precision medicine, population health and value-based
care.
According to the Centers for Medicare & Medicaid Services
(CMS), approximately 1,600 U.S. hospitals will receive performance
bonuses in 2017 for hitting quality benchmarks, while over 1,300
will suffer penalties for missing those targets. Meeting this
challenge has put the spotlight on technology that helps healthcare
providers, health plans, and self-insured employers manage
population health risk and better engage with
patients.
"Healthcare organizations are operating in a complex and
fluctuating business environment, one in which the insights they
need to succeed can be hidden amidst an avalanche of disparate and
siloed data," said Deborah DiSanzo,
General Manager of IBM Watson Health. "Watson Health's extensive
industry expertise informs how we deploy data, cloud and cognitive
computing to help clients make more informed decisions today and
understand precisely what their organization should address to
achieve their quality care goals and outcomes in a value-based care
system."
Value-Based Care Management Solutions
IBM Watson Health is developing the first offerings to integrate
the specialized capabilities of Watson Care Manager, Truven Health
Analytics, Phytel, and Explorys. The new series of value-based
cloud solutions are designed to help enable providers, health
plans, and employers to improve the management of healthcare costs
and quality by offering stakeholders innovative views of
populations, potential risk factors and possible mitigation flags
at an individual, group and population level.
The new IBM Watson Health Value-Based Care solutions will over
time integrate patient-level data from a variety of sources,
including electronic health records (EHR), hospital administrative
and clinical databases, claims data and other sources to create a
deeper basis for understanding and helping to predict future needs
and behaviors. The first applications to be available later this
year as part of the solution set include:
- Provider Performance Manager: A quality management solution
that will enable healthcare providers to analyze and help project
future performance against specific value-based care benchmarks and
incentives.
- Engagement Manager: A cognitive analytics solution that tracks
individual patient activity and engagement levels, while
incorporating hospital-specific process of care data and
socio-demographic data to create a risk stratification of an entire
patient population.
- Bundled Payments Forecasting and Management: An expanded
consulting service and set of new web-based tools designed to help
healthcare providers accurately forecast future spending and
identify cost centers that could trigger payment penalties.
- Custom Analytics: An enterprise analytics offering that enables
health plans and providers to embed the robust analytic content
from Truven Health Analytics in their own technology
environments.
"We believe that the large scale movement to value-based models
for care delivery and reimbursement means that healthcare providers
and payers must now adopt different approaches to managing
population health risk," said Mike
Boswood, General Manager of Value-Based Care, IBM Watson
Health. "The value-based care solutions we are announcing today are
designed to give hospitals, health plans, and self-insured
employers the insights they need to understand how any one clinical
or administrative decision can cascade throughout an organization
and can potentially have dramatic impacts on both the cost and
quality of care."
Watson Drives Value for Providers and Populations
IBM also announced the roster of industry leaders leveraging
Watson continues to grow:
Central New York Care Collaborative: IBM will work with
CNYCC to create a population health platform, intended to connect
2,000 care providers across six counties, and with the goal to
reduce costs in the Medicaid system by decreasing the amount of
avoidable hospital stays by 25% over the course of the project. The
population health platform will integrate IBM Watson Care Manager
with broader Watson Health offerings and run on the IBM Cloud.
Atrius Health: The innovative non-profit health system has
entered into a collaboration with IBM Watson Health to conduct
research into a cloud-based service designed to improve the
physician-patient experience. By providing a holistic view of the
multiple influences on an individual's health, including social
determinants, Watson Cognitive Insights could be designed to
support shared decision making between physicians and patients.
The Watson Health medical imaging collaborative has added
eight new members, bringing the total number to 24 worldwide.
Members of the collaborative helped IBM develop/validate Watson
Clinical Imaging Review, the first cognitive offering from IBM. It
is intended to help providers ensure patients get the care they
need. Using Watson Clinical Imaging Review, hospital administrators
may identify cases where follow up care is warranted and assure EMR
information is complete.
IBM and Best Doctors Make Watson Commercially Available as an
Employee Health Benefit: the two companies today announced that
Watson's oncology prowess is now available as an employee health
benefit for companies that want to help members of their workforce
battling cancer. Through the Best Doctors network of expert
clinical consultation providers, employees will have access to
Watson's suite of oncology offerings for insights on cancer
treatment options, ranging from standard treatment to clinical
trials to precision medicine. The impactful collaboration of Best
Doctors and Watson is expected to help companies identify
significant cost savings as a result of these efforts.
HIMSS17 is February 19-23 at the
Orange County Convention Center.
Visit IBM Watson Health (booth #1809); Merge, an IBM Company (booth
#1712); and Truven Health Analytics, an IBM Company (booth #4861).
Go online to learn about IBM Watson Health at HIMSS17 and follow
IBM's Watson Health's social media channels #IBMHealthcare,
#WatsonHealth, and #HIMSS17 for on-site activity updates, times and
locations, as well as timely insights from the Watson Health
ecosystem.
About IBM Watson Health
Watson is the first commercially available cognitive computing
capability representing a new era in computing. The system,
delivered through the cloud, analyzes high volumes of data,
understands complex questions posed in natural language, and
proposes evidence-based answers. Watson continuously learns,
gaining in value and knowledge over time, from previous
interactions. In April 2015, the
company launched IBM Watson Health and the Watson Health Core cloud
platform (now Watson Platform for Health). The new unit will help
improve the ability of doctors, researchers and insurers to
innovate by surfacing insights from the massive amount of personal
health data being created and shared daily. The Watson Platform for
Health can mask patient identities and allow for information to be
shared and combined with a dynamic and constantly growing
aggregated view of clinical, research and social health data. For
more information on IBM Watson, visit: ibm.com/watson. For more
information on IBM Watson Health, visit: ibm.com/watsonhealth.
Media Contact:
Ariana Nikitas
312-533-3437
anikitas@us.ibm.com
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SOURCE IBM