Company Background. PSIMedica
is a health informatics company focused on improving the quality
and value of healthcare, worker’s comp and other employee
benefits purchased by self-insured employers. Our organizing
principle is “clinical knowledge management” or
CKM, which designates the mobilization of all available business
intelligence in an easily accessible manner. PSIMedica is
a division of Bio-Reference Laboratories, Inc. (BRLI-NASDAQ),
the largest regional clinical laboratory in the Northeast
US. PSIMedica was formed through the purchase in 2001 of ValuMed
Systems Inc, one of the nation’s leading developers
of healthcare business intelligence software.
CKM
Data Model. PSIMedica supports the health
and productivity improvement initiatives of employers with
a comprehensive approach to data warehousing that integrates
all the relevant data sources into one unified data model.
Of particular note is PSIMedica’s unique ability to
integrate laboratory results into the data warehouse, thereby
providing concrete physiological outcome indicators for measuring
the impact and effectiveness of population health improvement
initiatives.
CKM
Decision Support Content. PSIMedica provides
analytical support decision support for a wide range of improvement
interventions including, among others:
-
Employee-oriented
disease management, wellness, and productivity initiatives.
PSIMedica provides well-calibrated predictive models
and improvement planning tools for implementing best
practice/best process improvements in specific disease
and condition sub-populations as well as the total employee
population.
-
Plan
oriented benefit design and coverage modifications.
PSIMedica provides a robust actuarial benefit design
modeler which employers can utilize to assess the pricing
and cost impact of proposed changes in benefit plans.
We also provide a robust benchmarking data base for
best practice/best process calibration.
-
Provider-oriented
economic incentives and quality feedback mechanisms.
PSIMedica provides a variety of physician and hospital
price/quality improvement models, which employers can
utilize to incentivize better performance. Improvement
targets are based upon the PSIMedica Medical Management
Guidelines, a set of standards of care and outcome indicators
that provides best practice/best process guidance.
CKM
Web-based Application. PSIMedica delivers
all of its decision support content, including standard report
templates, modeling tools, and ad hoc data mining capability
through a convenient, low-overhead web-based application.
The only client-side requirement is a desktop or laptop computer
equipped with a standard browser and minimal enabling software
(MS Office, .Net Framework 1.1). Reports are offered in a
wide range of formats at the user’s option, including
ChartFX graphs, tabular reports in PDF format, and Excel models.
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