PALO ALTO, Calif., Nov. 16, 2016 /PRNewswire/ -- Innovaccer Inc., a Silicon Valley-headquartered Healthcare analytics company, announced today the launch of Hospital Compare, a free tool to track, compare and analyze the performance of hospitals in the US. Photo - http://photos.prnewswire.com/prnh/20161116/440268-INFO Hospital Compare incorporates in-depth research on various hospital data sets and presents visually interactive analysis, with comparisons based on various parameters. The quality reporting data provided by the CMS is used for comparison of up to five hospitals at a time on five fundamental domains:
Readmissions and deaths,
Outpatient imaging efficiency,
Timely and Effective care and
Value of Care.
With value-based care bringing about a mindset shift in the process of giving medical care, it is of utmost importance that gaps in care are identified and for this to happen healthcare industry should also be able to learn about the scope of improvements and continually strive towards quality patient-centric care. Furthermore, through the tool, patients can look to get the best treatment from the best hospital of their choice listed in their area of residence. Innovaccer's free tool has been created to help various members of the healthcare community - physicians, patients, payers, care coordinators, and many others to track the current performance standards and address the most persistent issues in the healthcare industry. Hospital Compare is built with direct inputs from CMS data of over 4,000 hospitals. The tool also gives a clear view of hospital-by-hospital performance on 64 different quality measures, as set by the CMS. "Working closely with some of the largest healthcare organizations from an early stage, we realized that access to benchmarking information remains a challenge for the healthcare industry. One can't improve what one can't measure, so we came up with an intuitive way for the healthcare community to track, and compare the quality of care metrics that'll help organizations save a lot of time, as they are easily able to discover the best practices and its requirements," said Abhinav Shashank CEO & Co-Founder of Innovaccer.