LexisNexis Risk Solutions announced that the company has released a new Socioeconomic Health Score to provide insights on medication adherence for patients on a prescription maintenance regimens, LexisNexis announced on Thursday.
"By identifying patients at the highest risk of failing to follow their medication protocol, pharmacies, payers, providers and other organizations entering into value-based agreements can take proactive steps to help them stay compliant and achieve optimal health outcomes," said Josh Schoeller, senior vice president and general manager, LexisNexis Risk Solutions.
These types of SDOH data insights can help organizations across the healthcare spectrum understand patient health and care needs more holistically, which can improve patient compliance by better addressing patient specific needs. LexisNexis Risk Solutions seeks to advance the value of SDOH data in healthcare and is part of a cross-industry collaborative that developed the guiding principles for use of SDOH data.
LexisNexis Risk Solutions discovered the following insights based on the SDOH data analysis:
College attendance is positively correlated with medication adherence.
People with relatives or associates who live within 25 miles are more likely to be adherent.
Those individuals who are predicted to be "most adherent" are twice as likely to follow up with office visits within two weeks of an acute event; a practice which is known to reduce readmissions.
In the 12-month period analyzed there was a three-fold increase in Emergency Room (ER) visits for patients with the lowest medication adherence score, per the medication adherence model showing ER visit count by predicted decile.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.
Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based and analytics and decision tools for professional and business customers across industries.