Predixion Software Demonstrating
Preventable Readmission Healthcare Solution at HIMSS12
Predixion Readmission Insight™ identifies patients at risk of readmission
before their initial discharge from the hospital
Las Vegas, NV – February 21, 2012 – Predixion Software is demonstrating Predixion Readmission Insight™, a preventable readmission healthcare solution built on Predixion’s predictive analytics platform at the HIMSS12 Annual Conference & Exhibition where Predixion is exhibiting in booth #9308.
Predixion Readmission Insight was designed in collaboration with provider organizations. The solution identifies patients at risk of readmission before they leave the hospital, allowing for more tailored care while admitted and post discharge to assure a more successful care outcome. Predixion Software models have accurately predicted up to 86 percent of readmissions which would result in better patient outcomes and true ROI for the provider in recent evaluations.
Predixion Software Vice President of Healthcare Michael Hollenbeck and emids Vice President, Enterprise Services and Business Intelligence Rahul Ghate will co-present “Managing Preventable Hospital Readmissions via Predictive Modeling” in the HIMSS12 Knowledge Center #13247 today from 2:15 – 3:00pm PT. In the session, attendees will learn that with Medicare’s payment penalties for hospital readmissions fast approaching, predictive modeling is being applied to reduce preventable hospital readmissions by risk-scoring patients’ likelihood to readmit at or near the time of admission, along with identifying key drivers of readmissions within specified patient populations.
Hollenbeck will also participate in a HIMSS12 discussion “ACO Analytics and Informatics for Mummies: Avoid Getting Wrapped Up in Your Data!” on February 23 from 11:30am-1:00pm PT. He will be joined by a panel of leading payer, provider, and product executives as they discuss how they have leveraged data assets to build a solid foundation for an ACO.
“The focus on a wellness-based healthcare economy will require new technologies that help providers identify at risk patient populations for common medical conditions in order to reduce the number of their occurrences as well as to allow for early intervention,” Hollenbeck said. “Most hospital-based readmission efforts focus primarily on retrospective reporting that serves to audit historic outcomes and expose high-level trending information. Predixion Readmission Insight is able to create a scientifically-based model that can be used to identify currently admitted patients that are at elevated risk of readmission with great precision.”
Predictive Analytics Healthcare White Paper Available
Predixion also announced the availability of a new white paper, “Predictive Analytics – Healthcare’s New Business Cure” authored by Shawn Rogers, Vice President of Research, Business Intelligence and Data Warehousing for Enterprise Management Associates. In the paper, Rogers asserts that the convergence of stronger infrastructures, data and predictive analytics creates an opportunity for innovation and competitive advantage. The white paper is available for free download here.
“Predictive analytics has the ability to deliver exceptionally valuable insights and can serve a wide user base throughout a health care environment,” Rogers said. “Easier to use interfaces and sophisticated new features in solutions such as Predixion Readmission Insight has moved the technology away from its IT centric roots to make it a strategic solution for companies in need of predictive analytics within the healthcare industry.”
About Predixion Software
Predixion Software develops predictive analytics technology that integrates with leading business intelligence platforms, business applications and clinical systems. Predixion offers an easy-to-deploy self-service predictive analytics solution that allows customers to unlock deep insights within their data.
Predixion’s healthcare solutions division is committed to finding new and innovative ways to apply our predictive technology to the challenges created by the rapidly evolving healthcare economy. As the industry moves towards wellness-based payment structures Predixion will continue to help payers and providers predict and prevent catastrophic and costly events.
Predixion Software is headquartered in Orange County, California with development offices in Redmond, Washington. The company has venture capital backing from established investors including DFJ Frontier, Miramar Venture Partners and Palomar Ventures. For more information call (949) 373-4900 or visit us at www.predixionsoftware.com.
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