BLUE BELL, Pa.--(BUSINESS WIRE)--Halfpenny Technologies’ Chief Technology Officer, Charles Halfpenny will be presenting a Master level session for lab executives to provide insight on how they can achieve better patient care through a better awareness of the value of lab data to Health Plans. The session is entitled, “Understanding How Payers' Changing Needs for Lab Data Creates New Ways for Your Lab to Add Value,” and will be presented at the 18th Annual Executive War College in New Orleans, LA held April 30 – May 1.
“Health plans utilize care management programs that typically implement a variety of interventions tailored to needs of specific groups of affected individuals. A model that identifies those individuals who have high risk of complications has greatest potential to impact outcomes and lower healthcare cost,” Charles Halfpenny said. "Complete and real time lab results can help health plans model individuals who have high risk of complications, greatest potential to impact outcomes, and lower healthcare cost.”
Halfpenny’s presentation will educate lab executives in the importance of access to lab results by health plans to help them better determine the effectiveness of care management programs. Some of the key points discussed include:
- Health Plans typically experience difficulty receiving clinical data from labs.
- Clinical data can have a significant impact on a health plan’s Medicare Five Star Rating, NCQA and HEDIS quality scores.
- Health plans seek laboratory data to reduce instances of drug contraindications, generate clinical alerts, and populate personal health records.
- Lab results can demonstrate the efficacy of a health plan’s care management programs.
- Ability to provide clinical data can be an important factor for a lab to achieve in-network status with a health plan.
- Health Plans are in a unique position to help a lab understand leakage (testing performed by out-of-network lab).
Halfpenny's proven one connection method of clinical data capture, aggregation, normalization and archive & retrieval are being used by clinical laboratories and health plans to bridge the gap between claims information and discrete clinical data.
In addition to the master level session, Halfpenny will engage in a roundtable discussion, “How ACA, ACOs, and Healthcare's Transformation Will Change Roles of Payers, Hospitals, Physicians, and Labs.”
About the Executive War College
As one of the largest and most highly regarded conferences in the diagnostic laboratory industry, the Executive War College Conference is hosted by The Dark Report, and provides educational opportunities, including success stories, case studies and firsthand experiences on laboratory strategy, operations and management from more than 80 of the industry's leading experts. More information about the 18th Annual Executive War College is available at www.executivewarcollege.com.
About Halfpenny Technologies
Halfpenny Technologies Inc. provides clinical laboratories, hospitals, health plans, health information exchanges and EHR vendors with a cloud based, secure, scalable, vendor-neutral clinical data exchange platform. Our proven track record of providing advanced features, rapid implementation, reliable technology infrastructure and LOINC mapping enables laboratories and hospitals to win new clients and better compete in the HITECH era; health plans to improve HEDIS reporting and STAR ratings, increase revenue and support population-based initiatives; and EHR vendors to include CPOE and results delivery in their solutions and meet Meaningful Use certification requirements.
To learn more about Halfpenny Technologies visit the web site: www.halfpenny.com.