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

Bridge the Payer/Provider Data Gap

August 23, 2019

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…

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Digging deeper: Leveraging analytics to boost service line profitability

June 19, 2019

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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