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
Many areas in healthcare rely not only on the collection of data but, importantly, the ability to decipher and act upon it. In that intersection, reporting was born.Read on...
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.Read on...
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