Digging deeper: Leveraging analytics to boost service line profitability

Regardless of the size of the hospital or health system, you need to look beyond traditional operational metrics to fully understand your organization’s performance. Insights into revenue, volume, cost, quality and variation across service lines are key to improving both performance and profitability.

Analytics plays a pivotal role in making data accessible and visible to those who need it most. With a comprehensive view of performance across the organization and departments, clinical and financial leaders gain a shared view of outcomes that can help them make even smarter operational decisions. Analytics gives you the ability to pinpoint areas of wasteful spending and inefficiency—so you can have more informed conversations with physicians to address practice variation.

Evaluate service line profitability

Leveraging a service line analytics strategy, hospitals and health systems have the power to analyze costs, margins, utilization and physician practice patterns within and across service lines, departments and specialties. As you evaluate service lines for opportunities, it’s important to consider three things:

  • Examine trends to lead to improved standardization of care
  • Prioritize high volume procedures with high variability in cost
  • Leverage data for collaboration with providers around demonstrated best practices

Interested in learning more about our Cost and Operations solutions? Visit our Provider Solutions page.


MedeAnalytics is a leader in healthcare analytics, providing innovative solutions that enable measurable impact for healthcare payers and providers. With the most advanced data orchestration in healthcare, payers and providers count on us to deliver actionable insights that improve financial, operational, and clinical outcomes. To date, we’ve helped uncover millions of dollars in savings annually.

Leave a Comment

Get our take on industry trends

Proactively predicting ER visit trends with augmented analytics to improve revenues, asset utilization and patient outcomes

May 19, 2023

Mission critical emergency departments (EDs) are the most valuable revenue generating asset for hospitals. While visits decreased during the pandemic,…

Read on...

Conversations at HIMSS23

May 5, 2023

HIMSS23 was nothing short of outstanding. I was thrilled to see the familiar faces of colleagues and clients, mingle with…

Read on...
comorbidity photo

Best practice tools to build an integrated approach to multimorbidity

April 10, 2023

The traditional model of treating single diseases no longer works. Data collected from 2016 to 2019 indicated that 32.9% of…

Read on...

Will adopting a risk-based approach with augmented analytics support care gap closure?

February 24, 2023

A common challenge for healthcare systems is how to properly segment its patient populations based on risk profiles and co-morbidities. Doing this well ensures a high quality of care delivery and superior patient outcomes.

Read on...