State hospital associations partner to boost data analytics clout
The state hospital associations of Illinois and Missouri are forging a partnership aimed at providing better healthcare data analytics products and services to their members, as well as other clients.
The joint venture, as yet unnamed, will combine the expertise of the Illinois Hospital Association’s COMPdata Informatics unit and the Missouri Hospital Association’s data analytics affiliate, the Hospital Industry Data Institute.
Initially, the partnership will stick close to the mission of its two founding organizations, improving on products and services they already offer to members and clients outside their respective states.
Hospitals are looking for services that help them sustain their existing business models, said Herb Kuhn, president and CEO of the Missouri association. But they’re also looking for products that will help them do things differently and better, such as helping to reduce readmissions and hospital-acquired infections. “We’re getting a lot of interest in those products going forward,” he said.
Calculating risk is not on the service menu yet, Kuhn said, but added, “We don’t see any barriers in terms of what we’re going to be involved in” as the market demands.
IHA President and CEO Maryjane Wurth said their vision is to develop a range of tools and analytics that will include risk management and population health.
Combined, the two associations represent 370 member hospitals, and serve 1,400 hospitals, health systems, state hospital associations, ambulatory surgical centers and state data agencies nationwide.