ATLANTA--(BUSINESS WIRE)--McKesson announced today that Baylor Scott & White Health, the largest not-for-profit health system in Texas, has selected McKesson Performance Analytics™, McKesson Analytics Explorer™ and McKesson Pay-for-Performance solutions to standardize the use of financial analytics across the combined enterprise.
Dallas-based Baylor Health Care System and Temple-based Scott & White Healthcare merged in October 2013 to create one of the 20 largest health systems in the country with 46 hospitals and $9 billion in assets. The decision support and data visualization system delivered by McKesson is designed to provide the combined organization with a single source of truth for conducting near real-time analysis on claims as well as clinical and cost data across all departments and settings of care, including physician practices. It includes accessible, visual-based tools that turn data into actionable intelligence wherever enterprise decisions are being made.
Despite industry-wide investments in electronic health records systems and data warehousing, more than 50 percent of healthcare leaders report that they are “very weak to neutral” in the use of business intelligence, according to a 2013 HealthLeaders survey. McKesson Performance Analytics provides the technology and resources to consolidate strategic clinical, operational and financial information from multiple care settings, care givers, encounters and communities into a single, complete picture of health system performance. This helps stakeholders manage costs effectively and identify high-value opportunities for performance improvement.
Consensus for adopting McKesson Performance Analytics at Baylor Scott & White Health was broad-based, crossing multiple functions and settings, including hospitals and physician practices. McKesson Analytics Explorer makes interactive data accessible in easy-to-manage formats. It helps decision-makers across the enterprise in predicting, modeling and measuring best practices and determining optimal strategies. McKesson Pay-for-Performance solutions will provide immediate value by automating the use of claims and reimbursement data while reducing financial exposure and optimizing opportunities across multiple payment models.
“With ongoing industry transformation and growing complexity, health systems need enterprise decision support systems to help determine cost and revenue opportunities, drive performance improvement in the most important areas, and thrive under value-based purchasing,” said Jeff Felton, president of McKesson Connected Care & Analytics.
About Baylor Scott & White Health
Baylor Scott & White Health, the organization formed from the 2013 merger between Baylor Health Care System and Scott & White Healthcare, is today the largest not-for-profit health care system in the state of Texas. With total assets of $9 billion* and serving a population larger than the state of Virginia, Baylor Scott & White Health has the vision and resources to provide its patients continued quality care while creating a model system for a dramatically changing health care environment. The organization now includes 49 hospitals, more than 800 access points, more than 5,800 active physicians, 35,000 employees and the Scott & White Health Plan. For more information visit: www.BaylorScottandWhite.com.
* based on unaudited fiscal year 2014 financial statements
About McKesson Corporation
McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit us at www.mckesson.com. To sign up for McKesson’s Better Health 2020™ blog, visit www.betterhealth2020.com.