Vizient, Inc. and the Association of American Medical Colleges (AAMC) announced today the launch of community benchmarking capabilities for physicians within the Clinical Practice Solutions Center (CPSC), a unique analytics platform that drives performance improvement for academic and community practices. The addition of community benchmarking expands the capabilities of CPSC to provide key metrics that enable practices to better meet the challenges in a rapidly changing marketplace. Moreover, in what has become a strategic area of growth for many academic providers — expansion into community practices — CPSC allows for a more complete picture of medical group performance.
CPSC leverages the 20-year partnership between the AAMC and Vizient to provide services that measure, monitor, and drive clinical and financial provider performance. The addition of community benchmarking provides metrics, including physician productivity, new patient visit ratios, reimbursement coding, and procedure distribution, and charge lag data. It has the flexibility to allow each organization to view the data in numerous ways, such as by provider, by over 128 specialties, and by location, and to compare performance with peer organizations.
“CPSC’s continuous evolution helps members navigate and adapt within an emerging new normal,” said Janis M. Orlowski, MD, chief health care officer, AAMC. “The addition of community benchmarks allows CPSC members to have a more complete picture of medical practice plan performance across their enterprise and new best practices within today’s environment.”
CPSC gives plan administrators and clinical leaders — whether community practice, academic medical center, or both — insights to monitor and improve patient access and performance. The solution provides the ability to benchmark academic and community-based providers across a wide variety of metrics.
“As hospitals expand their footprint beyond the four walls, CPSC is expanding as well,” said David Levine, MD, group senior vice president, Center for Advanced Analytics, Vizient. “Adding community benchmarks allows members to more completely assess comparative performance and trends for areas like patient access, quality, productivity, and revenue capture across all medical practices, regardless of affiliation.”
Vizient, Inc. provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 95% of the nation’s academic medical centers, and more than 20% of ambulatory providers. Vizient provides expertise, analytics, and advisory services, as well as a contract portfolio that represents more than $100 billion in annual purchasing volume, to improve patient outcomes and lower costs. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at www.vizientinc.com.
The Association of American Medical Colleges is a not-for-profit association dedicated to transforming health care through innovative medical education, cutting-edge patient care, and groundbreaking medical research. Its members comprise all 155 accredited U.S. and 17 accredited Canadian medical schools; nearly 400 major teaching hospitals and health systems, including 51 Department of Veterans Affairs medical centers; and more than 80 academic societies. Through these institutions and organizations, the AAMC serves the leaders of America’s medical schools and teaching hospitals and their 173,000 faculty members, 89,000 medical students, 129,000 resident physicians, and more than 60,000 graduate students and postdoctoral researchers in the biomedical sciences. Additional information about the AAMC and its member medical schools and teaching hospitals is available at www.aamc.org.