Geneia has just launched a platform aimed at providers within integrated health systems that its says will help better manage patient care and spur the most efficient and healthful outcomes through “actionable analytics.”
The platform, called Theon, is geared toward the emerging market of ACOs, which has exploded in the fours years since the Affordable Care Act to more than 625 such organizations, with more expected, according to Mark Caron, CEO of Geneia.
“One of the best ways that ACOs can help their patient care teams meet quality and cost goals is to give them user-friendly tools to identify who needs help, exactly when they need it, and what they need to improve their health,” he said in a statement. “That’s why Geneia created Theon.”
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The platform consists of four modules, which were demoed for MedCity News in a webinar. Each module is designed for different points within the continuum of care:
- Care Optimization, which focuses on understanding savings or cost avoidance opportunities
- Care Collaborator, which identifies care patterns, variations and opportunities for coordination
- Care Engager, which is designed for employer, broker and consumer engagement
- Care Modeler, a care and risk management tool designed for payers, providers and data teams
The four-pronged approach is more thorough and integrated than a typical electronic health record system, said Heather Lavoie, chief operating officer of Geneia, which has offices in Pennsylvania and New Hampshire.
For the most part, she said, EHR systems don’t have the intelligence in it, even though many are trying to provide more analytics. They are still largely transactional products.
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“I think we finally have physicians and hospitals understanding they need it, you can’t just write that in a chart,” she added.
Theon aims to integrate clinical, claims, psychographic and physiologic data from “an unlimited number” of sources into one platform. Other aims include a patient dashboard and predictive algorithms to support physician decision-making.
While the goal first and foremost is to improve outcomes through accurate data analysis, the financial incentive shouldn’t be ignored, Lavoie said.
“There’s a real (return on investment),” she said. “It also produces more revenue for them. Just talking about quality isn’t necessarily enough. There is a return and it’s not going to add to their burden.”
Caron, the CEO, said Theron was born out of the company’s unsuccessful market search for an all-payer data and analytics platform to identify and care for patients and populations in ACOs, patient-centered medical homes and pay-for-performance agreements.
So the company decided to leverage its payer knowledge from within the company and create its own platform, he said.
Theon had already been available to health plans to manage risk arrangements and is now available to physicians and hospitals. It will likely soon be put to use in home-care settings for remote patient monitoring, where a nurse can interact with a patient and transmit pertinent information via a Bluetooth-enabled device to the database.
