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

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

More Megatrends: Price Transparency, Telehealth, Individualized Medicine

January 16, 2020

By Scott Hampel, president of MedeAnalytics Now that we’ve dealt with Megatrends one through three, we’re approaching the next set.…

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2020 Megatrends: Consumerism, Data Privacy and Security, AI

January 14, 2020

With 2020 two weeks old, it’s becoming clear the data produced in the healthcare industry by providers, consumers and payers will power and propel our 9 megatrends. Healthcare data is the foundation on which we’re building everything from healthcare outreach for the underserved to new Internet of Things-based healthcare programs to treatments designed just for you.

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Why Unconventional Businesses Will Find Success in Healthcare: It’s the Data

January 7, 2020

It seems everyone is moving into healthcare. It’s a rapidly growing industry, historically dominated by large, well-embedded companies and organizations, and “pure tech” companies have had difficulty breaking in. That, however, is changing.

Read on...

Data and Social Determinants of Health

December 19, 2019

By Scott Hampel – I think a lot–and I’m not the only one–about how we can improve the ways we pull information from data. Data on its own is inert: just waiting to be understood and then used. And that’s a major challenge for many organizations. Data is often trapped in different applications with no easy or convenient way to extract it.

Read on...

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