Analytics
For some, acquiring technology, building data infrastructure and hiring IT professionals to crunch the data is just too costly.
Model uses simulations to come up with strategies based on a host of desired outcomes.
Officials will add 10 new categories involving a population of about a half a million people, according to the measure's proponents.
Benchmarks for expected returns are also needed, it said, as well as a deeper understanding of how investment mechanisms, such as bonds and social finance, can help improve healthcare.
Tran has led finance teams for several top-ranked health plans.
Top reason for using advanced analytics, especially within pop health programs, is enabling interventions that prevent health declines, study says.
Pathologists at a dozen hospitals in the state are part of a pilot project -- the first of its kind in the United States -- in which they are reporting cancer diagnoses in close to real-time to the California Cancer Registry. And they are using standardized electronic forms to make their reporting more consistent and accurate.
TIna Esposito of Advocate Health Care emphasizes the importance of aligning analytics strategies with overall business objectives.
CMS said the initiative is part of a broader effort to improve care and spend money more wisely by making use of available data.
Katrina Miller and Esther Lee of L.A. Care Health Plan discuss the challenges of managing the data from different population sets and the importance of top level support in getting big data initiatives off the ground.