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.
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Bridge the Payer/Provider Data Gap
Every patient has a plethora of data associated with their health record, which can include decades of enrollments, claims, accounts and charges. Much of this data is not housed within the same institutional, facility or provider database…
Read on...Digging deeper: Leveraging analytics to boost service line profitability
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.
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Cost
Insights
Drill down into claims and encounter-level data to target and align controllable costs with outcomes and reimbursement.