Gain insight into service line costs and profitability.
As healthcare increasingly focuses on cost and quality, you need complete insight into the costs and utilization of your clinical service lines and departments. MedeAnalytics Service Line aggregates your revenue, cost, and encounter data to help you understand cost and margin drivers across service lines, departments, and specialties. With big-picture oversight and detailed analysis into physician variation, it enables you to take control over the financial health of your service lines.
Gain a complete understanding of service line margins and profitability
Pinpoint the root causes of high costs and utilization variances
Analyze margins by service line, physician, procedures, and facilities
Understand how supply and labor costs are allocated across service lines
Compare physicians and procedures based on cost per case or revenue per case
Generate meaningful dialogue among physicians to standardize care around best practices
Correlate costs with measures like case mix, length of stay and readmissions
Aggregated hospital and professional encounter data, cost accounting data, and charge line-item data helps you understand service line margins and physician variation.
Insights into costs per case, volumes, readmissions, physician practice patterns, and bundled payment analysis help pinpoint the causes of high costs and ineffective utilization.
Comparing costs and revenue across all service lines enables you to analyze profitability and protect your overall financial health.
Key Performance Indicators
- Service line costs and margins (contribution margin, direct costs per case, volumes, case mix, and revenue)
- Physician scorecards and comparisons (average length of stay, readmissions, implants, medication, and radiology cost per case)
- Clinical resource utilization and physician practice patterns
- Strategic planning analysis (geographic, referral patterns; bundled payment analysis)