The healthcare industry is in critical need of digital transformation as providers struggle with administrative burdens, fragmented care delivery, siloed data, and burnout. To effectively tackle these challenges, providers in value-based contracts need to quickly adapt to the digital transformation so they can improve care delivery and increase financial stability in the changing healthcare landscape.
The need for digital transformation
According to the World Economic Forum, the healthcare industry has more than 2,300 exabytes of healthcare information; that data has the potential to drastically improve the quality and efficiency of care. However, the majority of this data is not being used effectively. As a result, provider organizations, especially those in value-based contracts, experience greater financial pressure.
A cloud-based platform can help enable rapid, seamless digital transformation with:
- A unified view of a single, longitudinal patient record to help providers care as one.
- Flexible, configurable applications that work together to streamline workflows and provide timely, analytics-driven decision support.
- An innovation toolkit that empowers providers, payers, innovators, and patients to develop interoperable third-party applications that boost patient engagement and improve outcomes.
How Microsoft and Innovaccer are changing the healthcare landscape
Microsoft and Innovaccer have teamed up to solve healthcare challenges with cloud technology. Microsoft Azure seamlessly integrates with Innovaccer’s comprehensive, cloud-based Data Activation Platform. It unifies healthcare data into a single, longitudinal patient record and generates intelligent point-of-care insights. Innovaccer’s platform includes pre-built applications to help care teams improve outcomes in real-time. Innovaccer also leverages various Microsoft products and solutions, including Power BI, Azure ML Studio, Teams, and Forms, to power some of its most critical operations and meet providers’ business needs.
Addressing critical healthcare challenges with Innovaccer’s extensible health cloud
With the scalable and interoperable Innovaccer Health Cloud, healthcare organizations can address critical challenges to improve health outcomes and lower costs. Here’s how:
Reducing administrative burden
The Innovaccer Health Cloud can reduce physician burden by simplifying redundant tasks, streamlining workflows across teams, and accelerating efficient decision-making. Powerful technologies like AI, machine learning, and predictive analytics deployed on the health cloud can equip physicians with actionable insights at the point of care for improving population health.
Creating holistic patient views
The health cloud can help organizations deliver better, coordinated care by enabling real-time collaboration, bridging care gaps, and improving patient engagement. With a unified, 360-degree view of factors that influence wellness, adherence, and outcomes, life sciences organizations can use real-world patient data and insights to develop and bring therapeutics to the market.
The Innovaccer Health Cloud can activate data to reduce inappropriate lab testing and prescriptions, which can lower costs. It can also create, curate, enrich, and catalog longitudinal data for researchers and third-party applications to access via application program interfaces (APIs).
Improving medication adherence
The health cloud can not only optimize care plans but can also help identify and overcome barriers to adherence with a suite of collaborative tools for engaging patients, providers, and care teams.
How the customers of Innovaccer Health Cloud are improving outcomes
One example of how Innovaccer is working to improve care delivery is its collaboration with Banner Health, a leading health system. Innovaccer is helping Banner unify patient data across multiple systems, simplify workflows across teams, and support its population health management strategy for more than 1 million lives. It has achieved $4 million in savings and a 70% reduction in IT infrastructure cost by moving to a SaaS-based model.
Digital transformation—powered by a scalable, interoperable health cloud—can help provider organizations improve care coordination, optimize medication adherence, reduce healthcare costs, increase shared savings in risk-based contracts, and reduce overhead capital. Thus, it is the need of the hour for healthcare organizations to adopt these cloud-based solutions as early as possible.