Pittsburgh-based UPMC has plans to begin selling the analytics software it developed in-house to other providers interested in using big data to improve care and efficiency, according to a report in The Wall Street Journal.
The software is designed to use available data to help physicians choose the lowest-cost option that produces a patient outcome equal to or better than the best outcome recorded in past case files. Physicians can then see their own results in comparison with results from their de-identified colleagues.
“Bringing together activity-based cost and quality measurement is a game changer in healthcare,” said UPMC CFO Robert DeMichiei in a news release. “It will allow us to consistently maximize outcomes for our patients while using precious healthcare resources most effectively.”
Along with expanding the use of the software across UPMC facilities, the system has been approached by outside providers interested in purchasing the software. UPMC said it expects to finalize deals with three still-anonymous organizations within the next three months, according to the report.
The estimated $5 to $12 million UPMC spent developing the software was part of the $1.5 billion UPMC has invested in health IT over the past five years, according to the report.
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