CI-Cost Insights. Promote continuous improvement to elevate care and outcomes.

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

IRMC saw $600,000 in potential additional reimbursement identified related to one payer

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.

IRMC saw $600,000 in potential additional reimbursement identified related to one payer

Analytics in action

Our intelligent platform and intuitive user interface make it easy to unlock the value of your data. In as little as three clicks, we bring meaningful insights, powerful visualization, and analytics innovation to help you make an even bigger impact at your organization.

As you click through our example dashboards, hover over the image to explore a few key features.

Enterprise Performance
CI-Enterprise Performance-hotspots

Get an enterprise-wide view of costs to identify opportunities for containment 

Service Lines - Inpatient
Musculoskeletal Service Line

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

Data visualization: A picture is worth a thousand…healthcare data points?

Data visualization: A picture is worth a thousand…healthcare data points?

January 12, 2021

The amount of data produced daily has grown exponentially with nearly 90% of the world’s data generated in the last two years alone. To ensure we can make sense of this data, analysts must find meaningful ways to present the information to their audiences.

Read on...

How did we get here? Hospital analytics and the new normal

July 15, 2020

I have heard the word “unprecedented” so many times in 2020 that it has lost its significance; many of us have become desensitized to the extraordinary changes in the world this year.

Read on...

Avoid COVID-19 modeling pitfalls by eliminating bias, using good data

June 2, 2020

COVID-19 models are being used every day to predict the course and short- and long-term impacts of the pandemic. And we’ll be using these COVID-19 models for months to come.

Read on...

Population Health Amid the Coronavirus Outbreak

May 19, 2020

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...

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.

PAI

Patient
Access
Insights

Optimize patient satisfaction during the patient registration and payment clearance processes with critical, real-time analytics information.

See the solution ❯

RI

Revenue Integrity
Suite

See how clinical operations affect your bottom line with complete visibility into compliance risk and clinical documentation performance.

See the solution ❯

BOS

Business Office
Suite

Achieve optimized cash flow and operational excellence with big-picture insight into opportunities for improving collection rate, denials, and staff productivity. 

See the solution ❯

WQI-icon-bw

Workforce Quality Insights

Use powerful analytics capabilities to generate end-to-end insights into how patient access activities are impacting the back-office outcomes.

See the solution ❯

CI

Cost
Insights
 

Drill down into claims and encounter-level data to target and align controllable costs with outcomes and reimbursement.

See the solution ❯

PA

Productivity
Analytics
 

Collect and deliver real-time insights on individual and collective registrar performance, and identify opportunities for training.

See the solution ❯