OPEN MINDS and Relias have announced the upcoming launch of PerformWise, a powerful online analytics platform designed to provide executives with “actionable intelligence for optimal performance.” The PerformWise management dashboard is a subscription performance management solution providing health and human service executives with the technical assistance, tools, and benchmarking needed to successfully manage and optimize organizational performance.
The service has been designed to enhance an organization’s data management and data utility to improve both clinical and financial performance. It is a solution designed to grow with an organization’s strategic market position in three key levels.
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- Level 1 – Getting the most from EHR data by optimizing EHRs for competitive advantages.
- Level 2 – Linking organizational EHR data with data from other internal sources to improve performance reporting across the organization.
- Level 3 – Facilitating the ability to manage performance-based and value-based arrangements by providing built-in performance reporting, benchmarking, and recommendations for actions to improve results in areas such as eligibility, admissions, claims, and other clinical and non-clinical outcomes.
The goal of PerformWise is to provide a performance management platform for organizational growth, success, and sustainability. The solution has six key elements:
- Assessment of organizational performance reporting needs and customization of the performance reporting program
- Accessible by business and clinical department leaders for performance reporting of organizational management goals and measurement of performance-based and value-based contracts
- Technical assistance from the PerformWise tech team to optimize the use of the analytics platform to facilitate generation of a first stage reporting plan
- Access to the PerformWise member benchmark dataset as available
- An annual plan for on-demand management consultation
- Continued optimization, configuration, and customization of the analytics platform as it grows to meet the specific reporting needs of customer organizations
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PerformWise is a collaborative solution built on the expertise of Relias and OPEN MINDS. It will bring provider organization executive teams a turnkey solution to performance measurement, management, and optimization. PerformWise is the one resource that provider organizations serving the complex consumer market need for sustainability and growth. The solution will provide market knowledge; metrics-based management tradecraft and tools; a technology platform supporting ‘best practice’ data integration and reporting; and industry benchmarks.
“We are thrilled to be launching a unique service that will enable executive teams to respond to new customer reporting requirements, create new service lines, and participate in new reimbursement arrangements with a single framework,” said Carol Clayton, Ph.D., and general manager of Relias Population Health. “PerformWise is focused on ensuring organizations have the ability to measure, monitor, manage, and optimize data and performance metrics, which will lead to the performance driven decision making and the organizational strategy development needed to succeed in the future.”
“I am pleased to be partnering with Relias on the PerformWise platform – a key driver for ensuring sustainability,” said Monica E. Oss, chief executive officer of OPEN MINDS. “With an ever-changing market, continuous performance management and performance improvement will be essential for competitive advantage.”
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