3M offers analytics solutions designed to optimize performance within healthcare organizations. Most organizations have a wealth of data hidden in a warehouse, where its full potential is yet to be realized. With the 3M™ Performance Matrix Platform, you can gain a competitive advantage by optimizing your performance.
The 3M Performance Matrix is a data analytics and performance management solution. It combines 3M Health Information System’s decades of coding and risk-adjustment experience with the data-processing power of Verily, an Alphabet company. The platform offers one system that simultaneously analyzes how well your organization is performing when it comes to managing populations throughout your network across all visits, episodes of care and disease cohorts.
Verily Life Sciences is a subsidiary of Alphabet Inc., focused on developing tools and devices to collect, organize and activate health data. Its mission is to make the world’s health data useful so that people enjoy healthier, longer lives. In October 2016, 3M Health Information Systems entered into a strategic agreement with Verily. The goal? Develop a technology platform that can analyze quality performance data across healthcare delivery systems and patient populations, as well as deliver meaningful information for promoting real and sustainable improvements in healthcare quality and cost. The result of this partnership? The 3M™ Performance Matrix Platform.
3M brings 30 years of experience in health data coding, classification and industry-leading risk stratification methodologies. Verily brings deep domain expertise in data analytics and the development of advanced healthcare research tools and algorithms. Two powerhouses, one solution for driving real change.
Learn more about how the 3M Performance Matrix Platform can help with performance management, analytics and the transition to value-based care.
After analyzing Medicare data from just 10 health systems, the 3M Performance Matrix team found over $1B in cost-savings opportunities.
Data insights helped the University Medical Center of El Paso achieve a nine percent reduction in its readmission rates.
A strong analytics approach is essential to draw needed insights from data. 3M and Verily are beginning to show the transformative value of new analytics technology.
Changes in health care are affecting everyone: payers, providers and patients. Learn how the new 3M and Verily partnership helps you successfully transition to VBC.
A member of our team will be in touch to find out how you’d like to manage smarter and perform better.
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