Market Overview

Rhodes Group Selects InterSystems HealthShare to Advance Laboratory Contribution to Patient Care

Share:

Partnership to improve patient care and outcomes through laboratory
insights

InterSystems,
a global leader in health information technology, today announced that
Rhodes Group, a subsidiary of TriCore Reference Laboratories, has
selected InterSystems HealthShare®
to create and manage unified views of patient data to support their
Clinical Lab 2.0 efforts. With the help of the HealthShare toolset,
TriCore is able to leverage the powerful Rhodes informatics engine to
transform the role of clinical laboratories in healthcare.

TriCore Reference Laboratories purchased Rhodes Group in 2015, bringing
together software, clinical, financial, and operational expertise to
help laboratories succeed in today's complex healthcare environment. The
company's selection and implementation of HealthShare extends the work
TriCore is doing to improve diagnosis and treatment quality and
efficiency while reducing the rising cost of care.

Laboratory data comprise at least 60 percent of healthcare data by
volume and drive some of the most significant patient care decisions,
including diagnosis and treatment. Because of this, the role of the
laboratorian is vital to value-based care across the broader healthcare
ecosystem. Through HealthShare's Information
Exchange
solution, Rhodes is able to create a longitudinal,
standardized data repository across TriCore's multi-system laboratories
as the foundation for their proactive informatics solutions. TriCore's
health analytics solutions allow for identification and targeting of
specific patient conditions which support provider and payer efforts to
improve the care of patients and lower related care costs. With
InterSystems HealthShare, labs are better positioned to provide
meaningful, actionable information across the care continuum.

"HealthShare is critical for helping our lab clients to manage cost,
increase their market share, and participate in the new value based
informatics marketplace," said Sam Merkouriou, president Rhodes Group.
"One way we're able to achieve this is through the establishment of
additional revenue streams that aren't reliant on the clinical lab fee
schedules. We're allowing these labs to be more profitable by developing
a value-based revenue stream that stems from real-time informatics
available through the integration of the Rhodes C21 Platform with
HealthShare. HealthShare's interoperability engine allows Rhodes
Informatics tools to quickly adapt new data feeds to a standardized
dataflow process."

Driving actionable clinical analysis effectively requires access to data
beyond claims. For laboratories to successfully drive-value based care,
they must have access to cost-effective, real-time technology that can
inform not only acute care issues, but costly chronic care challenges
where the bulk of healthcare expenditures are incurred. Through the use
of Rhodes C21 technology, TriCore is able to leverage unified clinical
and claims data and provide cost effective solutions for labs
undertaking the Lab 2.0 value based journey.

"As laboratories shift from traditional pay-per-service to value-based
care, they must adapt. Our work with Rhodes Group will enable better
clinical decision-making within the traditional lab workflow while
supporting the creation of new high-value services that advance patient
care," said Don Woodlock, vice president of HealthShare at InterSystems.
"HealthShare makes it possible to share more comprehensive laboratory
data and information with care providers and payers so they can better
serve patients' needs."

TriCore Reference Laboratories and Rhodes Group will be presenting at
AACC July 29 - August 2, 2018 at McCormick Place in Chicago, Illinois.

Visit here
for more information about the Chair's Invited Session.

About InterSystems
InterSystems is the engine behind the
world's most important applications. In health care, finance,
government, and other sectors where lives and livelihoods are at stake,
InterSystems is the power behind what mattersTM.
Founded in 1978, InterSystems is a privately held company headquartered
in Cambridge, Massachusetts (USA), with offices worldwide, and its
software products are used daily by millions of people in more than 80
countries. For more information, visit InterSystems.com.

About TriCore Reference Labs
TriCore Reference Laboratories is an
independent, not-for-profit clinical reference laboratory founded and
headquartered in Albuquerque, NM, co-sponsored by Presbyterian
Healthcare Services and University of New Mexico Health Sciences Center.
TriCore provides over 1,700 full-service, state-of-the-art laboratory
tests to healthcare professionals and their patients. TriCore also
provides analytics and research services, supporting healthcare and
scientific organizations worldwide. For more information, visit
tricore.org.

About Rhodes Group
Rhodes Group, founded in 2000, provides
laboratory software solutions and consulting services to improve the
effectiveness of pre-analytical, post-analytical and revenue cycle
management processes.
C21 is Rhodes' LIS-neutral 21st Century Lab
IT infrastructure that optimizes laboratory operations and clinical
diagnostics to help labs address the challenges of today and prepare for
the future.
The Rhodes Group team brings more than 100 years of
laboratory and technology experience to help labs significantly reduce
costs, improve patient outcomes, and navigate the new Lab marketplace.
For more information, visit rhodesgroup.com.

View Comments and Join the Discussion!