We’re continuing today with part two in the series on the importance of data enrichment. In case you haven’t read it yet, part one explores the impact on enterprise data strategy from the perspective of hospital CIOs. It’s an insightful Q&A with Nic Sagez, Curvo’s Chief Technology Officer.
Today, we turn our focus to clinical service line leaders and directors of surgical services. As a key component of an enterprise data strategy, data enrichment is vitally important to enterprise data analytics. Leaders in these roles need reliable and insightful data just as much as others.
To help us understand why data enrichment matters to service line leaders, Stan Mendenhall shares how Curvo’s data-as-a-service offering provides robust data enrichment – as well as what hospitals without Curvo do to try and achieve comparable insights.
Stan Mendenhall has been editor of Orthopedic Network News since 1991, which has necessitated the development of a classification of orthopedic implants to facilitate price comparisons (GIC). He has provided recommendations to CMS on the structure and design of ICD-10-PCS procedures codes for hip and knee implant procedures and has consulted with a number of orthopedic professional organizations on coding and classification issues.
Here’s what Stan has to say to clinical service line leaders about the importance of data enrichment:
Data enrichments matter because large hospitals and hospital systems are some of today’s largest sources of data. This data includes many different types of data: most people think first of the clinical data associated with the ongoing care of every patient. However, they are also collecting data on business transactions, including supplies used, devices implanted, and equipment deployed.
There is so much that can be done with this data, such as analyzing business transaction data to reduce costs and improve healthcare delivery efficiency or realizing critical clinical insights into patient care and experience.
But to accomplish any of this, first it’s imperative to understand the data. It takes a robust enterprise data strategy to get to a place where this data is actionable.
A big part of having healthy enterprise analytics is getting clean (or enriched) data. We’re talking about connecting transactions with clinical insights, knowing at a glance the key clinical aspects of any device or supply.
Many healthcare systems enrich their data either internally or with external help. In either case, it is a resource-intensive and expensive process.
Without Curvo, healthcare providers must rely on some kind of methodology to compare products within categories. They may use GMDN, UNSPSC or other methodologies. These are useful methodologies that can inform purchasing decisions, but may lack the kind of clinical data points that can further empower a hospital’s decision-making and negotiating position.
When hospitals and supply chain teams focus strictly on the business aspects of the supply chain data, they tend to become overly focused on price. This is a problem for several reasons:
Let me share an example of how certain groupings can hurt hospitals. One hospital several years back was doing a sourcing project for trauma products. The team had a group, let’s call it “clamps.” It included several types of clamps, which can run several hundred dollars apiece. But it also included $20 washers. Taking an average component price for this group was skewing the data. This grouping made the data less useful, not more.
Our current Data-as-a-Service customers see a wide range of benefits and values. One of the most important is the value that we place on the accuracy of the data enrichments. Better data helps everybody. Many supply chain teams are hamstrung by incomplete or inaccurate data collection systems. Having a partner like Curvo to clean up and make sense of the data results is a huge differentiator.
GMDN is a wonderful classification system for medical devices. There are some 10,000+ categories of very specific and detailed information on the devices, including how they work and their purpose, which is often the initial source for research into the medical devices.
Having said that, there are a few limitations to GMDN’s general use:
On the clinical side, there are several examples of how several issues researched by Curvo customers have resulted in either quality improvements, reduced costs, or both.
Curvo’s Data-as-a-Service data enrichment subscription is a tremendous benefit to large hospitals and hospital systems. With clean, rich data, supply chain teams and clinical service line leaders alike can gain operational insights and realize significant savings.
To see what our data enrichment services can do for you, request a demo of the Curvo Platform today.