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Value-based health care

As the industry moves to value-based care, payers need access to data that improves quality and efficiency, reduces unnecessary care and improves outcomes. All while minimizing costs. That’s why 3M created a performance management platform that aggregates data, compares populations and calculates the total cost of care so payers have the complete picture. Organizations can derive valuable data insights to help drive sustainable process improvements.

Moving from volume to value

According to Definitive Healthcare (a company specializing in gathering comprehensive information and analytics on healthcare providers), over the past eight years, the number of U.S. states and territories that have implemented value-based care programs has spiked: rising from three states in 2011 to 48 in 2018. See how 3M’s performance management solutions can help your organization.

  • Woman looking at charts on a tablet

    Data asset: Single source of truth

    Creating a solid data foundation by acquiring, aggregating and refining disparate information, health plans can help improve patient health outcomes and decrease their costs.

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  • person holding a phone overlaid with a graph

    Analytics and performance management

    By analyzing a solid data foundation, identifying opportunities to improve performance and designing an appropriate program to meet goals and track progress, payers are empowered to make long-term, sustainable changes.

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  • group of business people at a table

    Strategy and consulting

    3M can help payers develop strategies that offer incentives to influence behavior change within a healthcare system, while allowing health systems to implement initiatives that best suits their population.

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Resources for payers

Want to know more? Check out what our clients and 3M experts have to say about our payer solutions.

Learn more about our other offerings.

3M services and solutions can help payers go beyond the data.

  • Patient classification methodologies
    For more than 30 years, 3M has developed and refined methodologies to help organizations control costs, increase access to quality care and analyze reliable metrics.
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Blogs and podcasts for payers

Explore expert insights and discoveries at the intersection of data science and health care.

SEE MORE ON INSIDE ANGLE

  • Social determinants of health: The time has come

    The challenge for the next decade is to make changes in the U.S. healthcare system that effectively use and address social determinants of health to create better health outcomes for the patient.

    Read the blog

  • Payer-provider collaboration: What’s in it for the consumer?

    Mike Fay, vice president for health networks and innovation at Wellmark, describes what happens when health plans collaborate with providers to offer consumers more transparency about healthcare quality and pricing.

    Listen to the podcast

  • CDC announces April 1 implementation of ICD-10-CM COVID-19 code

    CMS has posted a one-page summary document outlining the ICD-10 MS-DRG code assignment and definitions for the new COVID-19 code, effective for discharges on or after April 1, 2020.

    Read the blog

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