Cost Insights
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
Challenge
Solution
Ineffective data collection and analysis hinders ability to monitor, measure, analyze, and improve variances in modality utilization, procedures and supplies
Challenge
Solution
Lack of visibility into top and bottom performing service line and procedures.
Challenge
Solution
Limited integration capabilities with nationally accepted benchmarks and standards
Celebrating big wins with Cost Insights
Dive deeper into Cost Insights
Download the data sheet to see how Cost Insights helps you identify and act on direct cost of care improvement opportunities.
Get our take on industry trends
You’re asking too much of your EHR
Electronic Health Records (EHRs) are purported to do a lot of things to support healthcare providers, and most of their claims are generally accurate. Of course, like anything, there are many areas where EHR vendors could and should make improvements.
Read on...
Gamification in healthcare only works if you can measure it – here’s how
In business and in sports, it’s all about teams. What teams can accomplish when they work together. How they can fail spectacularly when they do
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Pandemic fuels 2021 healthcare megatrends
When I wrote about megatrends last year, the predictions were, naturally, forward-looking. Telehealth, for example, was important because of increased healthcare consumerism and the convergence of technologies to make its use quick and easy for payers, providers and patients.
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Measuring provider cost and utilization
No matter the time of year, payers and providers should work to agree on a shared source of truth when it comes to data. With the recent end of the year, it’s time to celebrate the new year (who isn’t ready to say goodbye to 2020?) and close the books, which includes the reconciliation of any shared savings or losses.
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