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Media Room

For Immediate Release


Truven Health Analytics Offers Operational Performance Solution for Hospital Owned and Affiliated Physician Practices


Ann Arbor, MI, Sep. 04, 2013 —
Truven Health ActionOI® Practice Insights Targets Key Drivers of Physician Practice Productivity and Cost
— Truven Health Analytics™ today announced the release of a new solution to help measure, benchmark and improve physician practice performance. The Truven Health ActionOI® Practice Insights solution is designed to help hospitals and physician practices improve operational performance through access to proven comparative data, and is complemented by services to help hospitals take action using the data.

“Higher costs and tightening reimbursement have healthcare organizations at a crossroads, ” said Mike Boswood, president and CEO of Truven Health. “Our healthcare data and analytics expertise enable us to help these institutions find ways to streamline costs and improve the patient experience.”

The Practice Insights program provides comparative productivity, cost, and utilization benchmarks coupled with expert support services to identify and address gaps in performance. Client supplied data can be analyzed on a quarterly or annual basis. Data can be sorted into comparative groups based on client defined criteria (e.g., practice specialty, workload volumes) so that the comparisons are relevant and actionable. Institutions can use the data to determine how they compare to similar organizations and can also opt for reciprocal and confidential data-sharing partnerships with their peers to aid with performance improvement.

“Hospitals and practices across the country are reporting annual losses in excess of $180, 000 per hospital-employed physician, according to a 2012 MGMA survey, ” said Ahsan Rahim, vice president at Truven Health Analytics. “Projections for 2013 expect two thirds of doctors will be directly employed by hospitals, making these losses unsustainable. The Practice Insights program will help organizations conduct meaningful comparative analysis to reach desired outcomes at affordable costs.”

For more information on the Truven Health ActionOI Practice Insights, visit http://truvenhealth.com/practiceinsights



About Truven Health Analytics, part of the IBM Watson Health Business

Truven Health Analytics®, part of the IBM Watson Health™ business, provides market-leading performance improvement solutions built on data integrity, advanced analytics and domain expertise. For more than 40 years, our insights and solutions have been providing hospitals and clinicians, employers and health plans, state and federal government agencies, life sciences companies and policymakers, the facts they need to make confident decisions that directly affect the health and well-being of people and organizations in the US and around the world. The company was acquired by IBM in 2016 to help form a new business, Watson Health. Watson Health aspires to improve lives and give hope by delivering innovation to address the world’s most pressing health challenges through data and cognitive insights.

Truven Health Analytics owns some of the most trusted brands in healthcare, such as MarketScan®, 100 Top Hospitals®, Advantage Suite®, Micromedex®, Simpler® and ActionOI®. Truven Health has its principal offices in Ann Arbor, MI, Chicago, IL, and Denver, CO.



MEDIA CONTACTS:

Brian Erni
For Truven Health Analytics
J. Roderick, Inc. Public Relations
brian@jroderick.com
631.584.2200