Improve patient care using socioeconomic data and advanced analytics to determine potential health risks. This provides insights into the social, economic and environmental factors that combine to influence health.
Healthcare is on the brink of a significant transformation largely driven by the continuing shift to value-based care, the availability of vast amounts of socioeconomic data and advanced analytics that can be used to determine health risks. Socioeconomic data consists of information on social determinants of health that provides insights into the social, economic and environmental factors that combine to influence health. Providers can use these insights to improve patient care and health outcomes.
LexisNexis is leading the way with data-driven solutions that will give healthcare providers insights on social determinants of health they can use in improving patient care. With performance-based pressures mounting, providers must find ways to operationalize the use of socioeconomic data into the care continuum, to improve patient care and outcomes. Using socioeconomic data to increase patient engagement, enhance the quality of care and improve outcomes will need to become part of a care provider or physicians’ workflow. In fact, their financial sustainability may depend on it.