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MAHWAH, N.J., July 20, 2016 /PRNewswire/ Stryker's Performance Solutions (SPS), the business unit of Stryker's Reconstructive Division that partners with hospitals and healthcare providers to help improve quality outcomes, patient satisfaction and profitability in the orthopaedic segment, has expanded its digital offering to help healthcare providers reduce costs and increase patient satisfaction 90 days beyond patient discharge after joint replacement surgery. The new tool -- Episode Performance Manager™ (EPM) -- translates raw claims data provided by the Centers for Medicare and Medicaid Services (CMS) into dynamic reports that allow decision makers to understand cost-drivers, identify opportunities for improvement and compare performance of hospitals participating in Medicare's Comprehensive Care for Joint Replacement (CJR) model.
"Success in the evolving alternative payment landscape hinges on the ability to not only understand Medicare claims data, but also to derive value from that data, by using it to inform and implement improvement strategies for the joint episode of care," says Stuart Simpson, Vice President and General Manager of Stryker's Reconstructive Division. "Now that providers are held accountable for the cost of care throughout the entire episode, analytics must also provide increased visibility into post-discharge patterns and effectiveness."
Hospitals that partner with SPS for Episode Analytics will have access to EPM beginning on July 25, 2016, and can learn more about the offering by attending a webinar demonstration, Using Your Claims Data to Power Your CJR Success, tomorrow (July 21, 2016) at 1:00 PM EDT.
Stryker's Performance Solutions has been partnering with hospitals and physician practices since 2009 to help improve clinical outcomes, patient satisfaction, and profitability through a meaningful, risk-sharing partnership. By aligning providers and hospitals around common goals, expectations and metrics, SPS establishes stakeholder incentives and accountability to improve outcomes while reducing the cost of care.
About Stryker Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world. Please contact us for more information.
SOURCE Stryker Performance Solutions
To view the original version on PR Newswire