March 11th saw the World Health Organization (WHO) declare a pandemic. This marked a change that immediately impacted our daily lives – our world has a new normal. In it, we need to rapidly adapt to change and healthcare data can show us what to tackle first.
Our ability to understand risk and anticipate spread of the novel coronavirus was inextricably linked to rapidly evolving data. What we understood and how we worked and played changed swiftly. Businesses that adapted quickly flourished while others failed.
Now more than ever, we need to harness health analytics to guide companies through ongoing data-driven decisions. We need to use data to plan for a continuously changing world.
HDMS recognized the opportunity to leverage our clinical and analytic experts to offer content to support companies that extend even beyond our own client base. We created an Analytics Agenda and shared supporting resources to best leverage health analytics to support your organization.
We recommended a framework of COVID-19 analytics that included these key focus areas in three phases:
Acute: quantify your population vulnerabilities for strategic planning and resource management
Short term: understand COVID costs, quantify cost offsets due to delayed or reduced care. Use this to re-plan the current benefit year, track wellness issues, and perform cost modeling for 2021
New normal: use COVID insights to tune benefit plans for 2022, manage wellness in our new world, accelerate good health and prevention
Leading indicators, trend stabilization, Mental health impact on chronic condition costs
Risk assessment and engagement strategies to offset foregone care
Billing inconsistencies (virtual care and telemedicine billing practices)
Care inequity baselines, Maternity & Fertility benefits, Transgender health
LinkedIn Article: Data tells a hopeful story of COVID-19 | Read
Five Tips for Optimizing your COVID-19 Cost Model | Read
LinkedIn Article: A helping hand – COVID-19 impact calculator | Read
Impact Calculator | Download
Countering COVID-19: Phased analytics shape benefits plans | Read