Chicago, IL, June 23, 2020 – Lumere, Inc., a GHX company, today announced newly expanded physician-level analytics capabilities as part of its Category Optimization solution. The integrated solution provides analysis of physician-level utilization of medical devices, enabling clinical and administrative leaders to better identify variation among device selection and make evidence-based decisions to balance the cost and quality of care delivered.
Lumere's Category Optimization solution organizes and classifies more than 45 physician preference item categories across more than eight service lines, including spine, cardiac services, neurology, orthopedics, other surgical services and nursing. The solution compares clinically and functionally similar products based on evidence and data, uncovering savings and opportunities to improve outcomes.
Lumere's physician-level analytics are backed by the company's deep knowledge of medical devices and comprehensive research library. Lumere provides solutions to improve clinical collaboration, accelerate strategic sourcing initiatives and measure and monitor financial impacts.
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"While COVID-19 has put significant financial pressure on hospitals, it has also created more strategic and lasting partnerships between supply chain and clinicians," said Bonnie Lai, PhD, vice president, product & operations, Lumere. "Physician-level analytics help supply chain professionals provide the data needed to support conversations around device selection, use and managing unwarranted variation. This supports greater collaboration between clinical and administrative teams, allowing them to maintain a patient first approach, while optimizing clinical costs."
Physician-level Analytics: Leveraging Evidence-based Procedure Analysis + Outcomes Data
Physician-level analytics help healthcare organizations analyze the cost of medical devices for a given procedure, down to the individual physician and case level.
Physician utilization analyses provide data for a specific category or group of medical devices, identifying specific stakeholders to engage in spend initiatives.
Procedure cost-per-case analyses identify cost drivers and variation in device use by a physician down to the case level, and whether the evidence supports that variation.
Outcomes analyses help healthcare organizations determine if their outcomes data aligns with evidence, as well as how outcomes affect key financial metrics.