BOISE, Idaho, Dec. 15, 2016 /PRNewswire/ -- WhiteCloud Analytics today said the new Gartner, Inc. Market Guide for Healthcare Provider Value-Based Performance Management Analytics represents an important milestone for healthcare organizations navigating the "volume-to-value" transition. The report identifies "Value-Based Performance Management Analytics" providers, such as WhiteCloud Analytics, who "have developed capabilities to manage the performance of value- and risk-based contracts. Healthcare provider CIOs can use this guide to understand market dynamics and how to assess this new class of provider vendors."
"This new category of innovative technology is designed to fill a pressing need," said Bob Lokken, WhiteCloud Analytics CEO. "Improving clinical, financial and operational performance is a top priority for executive leadership. We believe Gartner is acknowledging this through creation of this new category. Value Based Performance Management Analytics recognizes that organizational performance management is essential to health system success."
The healthcare industry is transitioning from fee-for-service revenue sources to payment models demanding health systems provide higher quality and lower cost care to more people. Value-based care puts overwhelming pressure on health systems to improve quality and outcomes while reducing overall cost. To do this, clinical and business models must align to ensure financial viability, and system-wide behaviors must change.
This new category recognizes the transformation to value-based care requires tools other than traditional data warehousing and analytics solutions. The pressing question of "what to do with all this data" isn't answered with increasingly more consultants, analysts, and data staff. Performance management effectively uses targeted data to enable physician-led improvement across the continuum of care.
The WhiteCloud™ Healthcare Performance Management (HPM) Platform arms health systems with technology that drives improvement in a value-based world by aligning the organization and engaging physicians in transformative care. WhiteCloud's platform makes it easier to plan and execute on hundreds of metrics, dozens of service lines, and thousands of providers by integrating technology to help drive the massive change management and physician alignment challenges that have plagued healthcare for decades.
Gartner also issued a February 2016 report, Healthcare Provider CIOs Must Drive Value-Based Performance Management Into the HDO Analytics Portfolio, that cited WhiteCloud as a sample vendor. Analyst Laura Craft said, "For HDOs (healthcare delivery organizations) shifting to new delivery and payment models, performance management takes on new meaning and becomes value-based performance management — scrutinizing the intersection of quality, satisfaction and cost, and understanding the correct balance of variables that deliver the highest quality care at the lowest cost."
"Even HDOs with established enterprise analytic platforms will likely need new tools," Craft wrote. "A new flavor of healthcare performance management tools is emerging that offer analytic platforms with a range of capabilities, including real-time integration into the workflow for close-looped performance improvement."
"Without comprehensive performance management, it's impossible to expect behavior changes that drive system-wide improvement," Lokken said. "WhiteCloud is honored to be listed in this important new category, and we look forward to working with progressive health systems to help them successfully transition to new models of care."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
About WhiteCloud Analytics:
WhiteCloud arms health systems with performance management technology that drives improvement in a value-based world by aligning the organization and engaging physicians in transformative care. Based on twenty years of analytics and performance management best practices, the WhiteCloud® Healthcare Performance Management Platform is designed to help health systems optimize care, improve financial health and streamline operational efficiency to thrive in a risk-based world. Learn more at whitecloud.com.
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SOURCE WhiteCloud Analytics