4 Tips for Choosing the Right Insurance Discovery Vendor
In the ever-evolving landscape of healthcare, finding the right insurance discovery partner is crucial for maximizing revenue recovery and ensuring...
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So much of our overall health is impacted by various socioeconomic factors, which don’t involve ever stepping foot into a doctor’s office, clinic or hospital. Social determinants of health—commonly referred to as SDOH—and healthcare utilization have an evidenced correlation. It’s estimated that as much as 80% of socioeconomic factors determine our health. That’s significant. As healthcare organizations—hospitals, health systems and payers—look to curb costs and operate more efficiently, there’s growing evidence pointing to the importance of understanding and addressing SDOH.
Healthcare organizations are using SDOH data in the following ways:
Aggregated data sets are being leveraged to identify which specific neighborhoods would benefit most from SDOH interventions. For example, hospitals in areas with high numbers of homelessness have provided patients facing housing instability with a safe and supportive place to heal after hospital discharge.
FinThrive Social Determinant Risk Attributes delivers individualized (evidence-based data from 90,000+ sources and matched at patient level) and aggregated (neighborhood data down to the ZIP + 4 level) socioeconomic datasets.
Learn more about how FinThrive is advancing health equity through data. See Our SDOH Story.
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By Jeff Becker, Vice President, Portfolio Marketing, FinThrive