In recent years, the healthcare industry has shifted towards value-based care (VBC), an approach that emphasizes patient outcomes and cost-effectiveness over sheer service volume. Central to the success of VBC is the strategic use of data analytics, an area in which Arkos Health has taken significant strides.
Data analytics serves as the foundation for operational decisions in value-based care. To improve patient outcomes while controlling costs, healthcare providers must possess a deep, data-driven understanding of patient needs, effective treatments, and proper resource allocation. At Arkos Health, we recognize this critical link between data and operational strategy and leverage analytical tools to make informed decisions that enhance patient care and streamline operations.
“Data is the lens through which we can foresee and shape the outcomes of our healthcare initiatives,” remarks Jeff Singman, Global Technology Officer at Arkos Health. “By systematically analyzing patterns in patient data and deriving actionable insights, we are not just reacting to healthcare needs but proactively addressing them while optimizing our services. This is a cornerstone in keeping the needs of our patients first and making value-based care truly effective.”
Utilizing Arkos 360, which is Arkos’ multi-tier technology stack consisting of best-of-best-of-breed technology solutions, e.g., Salesforce and AWS, amongst others, along with Arkos technology IP. Arkos Health, has been at the forefront of integrating data analytics into healthcare operations. Arkos Health can capture prospective and retrospective longitudinal member data sets through robust data management capabilities, creating a comprehensive view of patient interactions and outcomes. This enables personalized care plans that are tailored to individual patient journeys.
One high-level strategy employed involves predictive analytics to identify patients at risk of readmission. By identifying these individuals, Arkos can implement preventive measures, reduce hospital stays, and ultimately lower costs. Another key area is resource management: by analyzing data trends, we determine optimal staffing levels, ensuring that resources are available precisely when and where needed. Arkos Health has been leading initiatives to enhance care coordination, integrating capabilities allowing real-time information sharing among healthcare teams and ultimately fostering seamless transitions between different care settings. This ensures that each healthcare professional involved in a patient’s journey is equipped with the necessary information to make informed decisions.
Singman also shares that operational decisions driven by Arkos 360 data analytics have empowered Arkos to revolutionize how we think about patient care. “By ensuring that meaningful data insights back our actions, we are setting industry standards in value-based care execution.”
Arkos Health is not just a participant in the shift towards value-based care; we are innovators actively shaping its future. Through data analysis and the strategic application of platforms, we are creating best practices that serve as models for the healthcare industry. Our commitment is clear: to harness the power of data analytics to deliver unparalleled patient care and operational excellence. As we continue this journey, we remain dedicated to pushing the boundaries of what value-based care can achieve. To learn more, visit Arkos Health.
BY Arkos Insights
Published January 22, 2025 3:07PM
