Promote continuous improvement to elevate care and outcomes
Hospitals and health systems are strained from all angles with the pandemic decimating bottom lines. Protocols and pathways have failed to significantly reduce care variation—resulting in high levels of waste and unnecessary spending. Persistent inability to correlate treatment cost with quality of care has driven the cost of care delivery up without a measurable improvement in outcomes. If hospitals and health systems don’t take action to disrupt these ineffective processes, they will be in danger of bankruptcy within the next few years.
Delivering comprehensive solutions to lower your cost of care
Ineffective data collection and analysis hinders ability to monitor, measure, analyze, and improve variances in modality utilization, procedures and supplies
Lack of visibility into top and bottom performing service line and procedures.
Limited integration capabilities with nationally accepted benchmarks and standards
Celebrating big wins with Cost Insights
Indiana Regional Medical Center with Baker Tilly
After deploying opportunity exploration by service line and DRG/procedure-level of detail, IRMC can now view comparisons against payers or like-services to identify actionable revenue insights. They are also able to drill down to 835 and transaction detail in just a few clicks to discover root causes swiftly and simply. These innovations allowed IRMC to identify $600,000 of total variance in payments annually for one payer compared to top payers across three major service lines.
Get our take on industry trends
In speaking with many colleagues throughout the provider and payer healthcare community, I’ve found an overwhelming sense of helplessness to the outbreak’s onslaught. This is exacerbated by the constant evolution of reported underlying medical conditions that indicate a higher risk of hospitalization or mortality for a coronavirus patient.Read on...
Across the country, healthcare organizations are seeing 40%-80% declines in monthly charges with some of the most profitable services lines only seeing 20% of their normal monthly volumes during the pandemic.Read on...
By Kristin Weir When it comes down to the most basic purpose of why organizations use analytics, it’s simple: they…Read on...
By Scott Hampel Making improvements in healthcare data analytics has the potential to lead to significant cost savings and improved…Read on...
Want to talk with one of our experts?
Provider Value Analytics: Our full lineup of provider solutions
Everything you need to support your front office, mid-cycle and back office.