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ICHOM Selects ICON to Advance Value-based Healthcare

March 7, 2016

Aims to create first global healthcare outcomes benchmarking program

ICON has been selected by the International Consortium for Health Outcomes Measurement (ICHOM) to help advance value-based healthcare through the launch of a global healthcare outcomes benchmarking program called GLOBE. ICON will apply its data management, data analytics, and consultancy to enable ICHOM to provide healthcare providers with a secure platform to share and compare risk-adjusted health outcomes in an effort to improve healthcare.
ICHOM is an independent, not-for-profit organization focused on value-based healthcare by facilitating the measurement and comparison of health outcomes. ICHOM has worked with more than 400 clinicians, registry leaders, and patients worldwide to develop Standard Sets that provide a common language and approach to measuring outcomes at the condition level.
The GLOBE initiative aims to allow providers to compare their patients’ outcomes to those of their peers and identify opportunities to improve outcomes and/or lower costs while maintaining outcomes.
“Bringing consistency and transparency to the measurement and reporting of health outcomes has the potential to effect real change within the global healthcare industry,” said Dr. Steve Cutler, chief operating officer, ICON plc. “Through the availability of benchmarked health outcomes data, physicians can learn which treatments are most effective, which will lead to improved care for patients and reduced costs for healthcare providers. This announcement is a further example of our commitment to working with health and life science partners to develop new and innovative solutions that improve patient outcomes and reduce healthcare costs.”
"Four years ago, ICHOM embarked on an ambitious journey to enable the adoption of value-based health care,” said Christina Akerman, ICHOM president. “The GLOBE initiative is a major step along that path. This project will allow any clinics or hospitals that measure our Standard Sets to understand how they’re doing relative to one another and facilitates the formation of improvement communities where providers can jointly learn and improve. We are delighted to be working with ICON, whose technical expertise and experience will allow us to accelerate the development of this important program."
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