You can’t read healthcare-related publications today without seeing references to population health management. It’s a fairly simple concept. Population health management (or PHM for short) refers to organizing and managing care to proactively improve the health of individuals within a specific group, at the lowest necessary cost. That group could be the employees of a company or members of a community, or anything in between.
What’s not simple is the implementation of a true PHM strategy.
Two of my colleagues have recently published a white paper that breaks it down. Using hospitals and health systems as an example of a sector that is blazing the PHM trail, they will help you understand:
- What PHM means
- What the key components are
- Why PHM matters
I invite you to read the paper and learn more.
The Role of Data in PHM
As the authors describe, data is a key component of true PHM. In my role as Director of Data Analytics, one of my responsibilities is to devise strategies for how Lockton uses data (which we store in our proprietary data mining warehouse called InfoLock®) to help our clients understand the cost drivers within their health plan participants.
Review and analysis of each client’s data means we can help them understand more specifically what’s happening from an illness burden standpoint – and how many of those employees with chronic illnesses are managing them appropriately. Then we help them create programs for managing those health risks.
For more information on InfoLock and its role in improving the health of populations, please click to see our infographic.