3M to expand partnership with Verily at HIMSS17
3M Health Information Systems at HIMSS17 next week will unveil more details about its partnership with Verily, a life sciences health data company.
“We’ll be announcing more details around the product called Performance Matrix, which is a partnership we have with Verily to build a value-based platform to improve performance and manage all populations both on the provider and the payer sides,” said Jason Burke, vice president of data informatics at 3M Health Information Systems. “We also will be announcing a couple of new products. One is Unstructured Data Mining, using an analytics engine to extract more clinical knowledge from the medical records we have access to, to mine through records to glean more clinical information than people typically have access to.”
And 3M Health Information Systems also plans to unwrap a new system focused on provider-based coding.
“It’s about bringing that coding process and workflow into the traditional HIM workflow where a coder in HIM can code both facility and physician coding in a single pathway,” Burke said. “Which is a different approach compared to what’s on the market. There is a lot of interest in having a single group of coders who can code everything all at once.”
Burke said attendees at HIMSS17 should keep their eyes on a few industry themes that will impact their businesses.
“Attendees need to focus on the ability to identify and manage all of their patient populations with all of the complex models they are dealing with, and having tools and services to enable them to efficiently identify any waste areas that are happening,” he said. “A lot of trends we are seeing show a lot of waste on the clinical and financial sides because it’s very difficult to identify where those waste issues are happening. Readmission issues, complications issues. It’s critical for healthcare organizations at the show to find companies that have the ability to do that at scale and uncover true problems.”
Burke said there are many vendors going after the same things, and being able to identify those companies that are going to truly fix problems and sustain improvements is critical to ensuring a healthcare organization can quickly migrate to a risk-based model.
“And the other piece goes to the security and privacy issue, as companies move their data into the cloud which has escalated very quickly, ensuring all their data is secure and is being protected is probably the No. 1 priority for most healthcare organizations,” Burke concluded.
HIMSS17 runs from Feb. 19-23, 2017 at the Orange County Convention Center.
This article is part of our ongoing coverage of HIMSS17. Visit Destination HIMSS17 for previews, reporting live from the show floor and after the conference.