Predictive Power Pays Dividends for Virtua Health
Voice of our partners
How the health system improved lives and financials by identifying their highest risk patients with Actium Health (a Syllable Corporation)
Summary of Success
Continuing the Evolution of Patient Outreach
Virtua Health has tapped into a key differentiator for its system – providing patients with highly relevant messaging, driving them to needed care, and generating substantial revenue. Going forward, the health system plans to expand on this strategy to:
- Further position it as a leader in its region, attracting new patients and retaining its current base.
- Identify new campaigns and drive growth in additional service lines with new AI models.
Actium Health works with other health systems across the country, like Virtua Health, to:
- Unlock insights in existing patient data.
- Develop prioritized, high-risk patient audiences.
- Deliver patient communications that maximize engagement.
- Automatically throttle communications to match capacity.
- Track conversion and campaign attribution.
The Challenge
Thriving in a Crowded Market
Virtua Health is a large health system based in southern New Jersey. With over 400 locations, 5 hospitals, and 14,000 staff, it’s one of the top 50 healthcare brands in the country. It’s also part of a crowded healthcare market in the region. As their competitors launched expensive marketing campaigns to attract new patients, Virtua Health aimed to rise above the marketing noise.
The health system had 3 key goals with its strategic patient outreach:
- Identify the highest-risk patients who were likely to engage in care.
- Activate its existing patient base to increase access to necessary care.
- Drive revenue in priority service lines.
The Solution
The Actium Health Approach
In order to take a more strategic approach to patient outreach, Virtua Health decided to work with Actium Health to identify high-risk patients in 11 priority service lines including cardiovascular, women’s health and orthopedics. The health system leveraged Actium Health’s predictive AI models to unlock insights in its EHR data and generate highly targeted audiences for its campaigns.
Actium Health powered Virtua Health’s campaigns through a four-step approach:
- Connect: AI models connected to Virtua Health’s various patient datasets and trained on their unique patient data.
- Predict: These tailored AI models uncovered hidden correlations to identify and predict patient needs, preferences, risks, and activation potential.
- Prioritize: Outreach was prioritized and throttled to optimize patient volume according to Virtua Health’s goals.
- Activate: Seamless channel integration fostered hyper-targeted outreach with capacity awareness and reporting metrics.
The Result
Advanced Targeting Yields Millions in Revenue
By leveraging the power of its patient data along with Actium Health’s sophisticated AI models, Virtua Health was able to yield millions in revenue and impact the lives of tens of thousands of its patients.
Over 25,000 new patient appointments in four years
Majority of appointments led to procedures
Millions in direct revenue attribution
More than 21x ROI
Key Campaign Findings
- High scheduled to completed rate
By targeting the highest risk patients – the patients most in need of care and willing to engage – 66 percent of new patient appointments led to necessary procedures.
- Engagement through education
Patients who received educational information through targeted nurture campaigns were more than three percentage points more likely to book an appointment.
- Effective communication, not over-communication
Despite some overlap in the audiences of various campaigns, engagement and conversions remained high. Average open rates were over 46 percent and even higher for patients with additional touch points, leading to more appointments scheduled.
- Outreach based on capacity
Virtua Health was able to drive growth in priority service lines without hitting capacity constraints by throttling audience outreach communications accordingly.
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