ATLANTA — In March, LexisNexis® Risk Solutions announced the release of its new Socioeconomic Health Score that can help predict hospital readmission risk. Now, with the new release of easy-to-integrate APIs, healthcare organizations can have access to real-time delivery of the Readmissions Risk Score, one of several scores available from the LexisNexis Socioeconomic Health Score suite. The clinically validated attributes and risk score are available to all types of healthcare organizations – providers, payers, pharmacy and life sciences.
With real-time socioeconomic information, the cutting-edge data analytics model can help caregivers make immediate care decisions, including helping to assess the likelihood of a patient being readmitted to the hospital within 30 days.
“Seeing health alerts as care givers are interacting with a patient can help the care team initiate meaningful conversations about how to address a patient’s social determinants,” said Erin Benson, director, Market Planning, LexisNexis Risk Solutions. “That could include someone doing discharge planning having access to the readmission risk score while the patient is still in the hospital or a pharmacist providing a consultation at the counter.”
“Innovative technologies, like real-time analysis of individual socioeconomic attributes, are becoming a must for healthcare organizations,” said Josh Schoeller, senior vice president and general manager, Health Care, LexisNexis Risk Solutions. “With an API in place, integration of our socioeconomic solutions is easy, and healthcare providers can use those attributes to create their own real-time alerts.”
Social determinants of health affect overall health outcomes more than medical determinants, according to County Health Rankings. Research conducted by LexisNexis indicated that the Readmission Risk Score is on par with—or better at predicting risk than—readmission scoring models that use only clinical data, which is often difficult to obtain.
To compete in today’s healthcare environment, it is vital that healthcare providers improve risk stratification and adapt care management strategies to personalize care for the most at-risk patients. Having real-time access to risk scores that can help enable on-the-spot care decisions is a significant step in improving the healthcare process.
“With our expertise in applying non-healthcare data to help improve care outcomes, we are helping hospitals reduce readmissions and helping all care providers to minimize costs and allocate preventive resources more efficiently,” Schoeller added.
To learn more about the LexisNexis Socioeconomic Health Score: Readmission Risk Score and LexisNexis® Socioeconomic Health Attributes, read our white paper, Six Myths About Social Determinants of Health. Additionally, healthcare professionals are invited to join LexisNexis Risk Solutions’ free webinar recapping "What 2018 taught us about SDOH" on Tuesday, December 11, 2018, at 2 p.m. EST.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com and www.relx.com.