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

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Healthcare Organizations Recognize Importance of AI for Reporting

November 21, 2019

Healthcare providers continue to recognize the value of using AI in reporting operations throughout the organization. AI has many strengths when applied to the healthcare industry:

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Why It’s Time for Healthcare to Move Toward AI Reporting

November 5, 2019

Business intelligence (BI) was a dramatic and significant step forward in healthcare industry reporting and a natural transition to artificial intelligence (AI) enabled real-time insights.

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Why Healthcare Should “Double-Down” on Exploring AI-powered BI for Reporting

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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.

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