Premier, based in Charlotte, N.C., has launched the Premier Quality Cycle Management system, a software-as-a-service analytics platform.
The Quality Cycle Management system is designed to help healthcare providers predict reimbursement from federal programs basing payment on clinical outcomes.
"Under the multiple federal payment programs that measure healthcare provider performance, integrated health systems are challenged with fully understanding the financial impact and drivers of clinical outcomes across all of their acute-care facilities, physician groups and post-acute care facilities," said Liz Martin, vice president of quality, at Riverside Health System, which recently began using Premier Quality Cycle Management. "Health system leadership needs visibility to their outcomes across the continuum so they can target and prioritize the areas with the greatest opportunities."
The system measures reimbursement from CMS' Hospital Value-Based Purchasing program and is in the process of adding Readmissions and Hospital-Acquired Condition Reduction programs.