2016 Data+ Editors' Choice Awards: State of Arkansas
By: Stacy Collett, Sept. 12, 2016
A few years ago, Arkansas state officials had to find a way to improve the quality of medical care while cutting costs. They faced an 8% annual increase in Medicaid costs coupled with a potential budget shortfall of $140 million for the Division of Medical Services.
Hoping to fulfill both goals, the state launched the Arkansas Health Care Payment Improvement Initiative, which set up a value-based reward system. Providers that demonstrated value while delivering high-quality care would share 50% of the savings.
General Dynamics Health Solutions developed a data analytics application to measure each provider's success and then compare them to one another. "They constructed the risk-adjusted cost curve for each provider — with each provider having their own profile — an enormous process," says Dr. William Golden, medical director for Arkansas Medicaid.
Read the entire article from Computerworld.
Nena Sanchez, Director, General Dynamics Health Solutions
We help the providers to distinguish where they may have high areas in cost of care that are different from their peers and that they need to work on."
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