Infographic

February 1, 2019

5 Ways to Ensure Profitability and Performance

With the shift to value-based care, today’s health systems are focused more on reducing costs and boosting operational performance. Data analytics play a key role in understanding how to:

  • Evaluate service line profitability
  • Increase labor productivity
  • Reduce supply spend
  • Optimize operating room usage
  • Improve emergency department efficiency

Read more in this infographic that explains how your organization can ensure profitability and performance with analytics.

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Complementary Solutions

Supply Chain
Second only to labor costs, supplies make up one of the largest cost drivers for health systems. Supply Chain analyzes your purchase orders and invoices to identify patterns in spending and opportunities for savings. With supply chain insights, you can maximize contract discounts, react to new supplies or price changes, evaluate vendors and substitute sources, and compare actual spend to budgets. MORE >

Labor Productivity
Labor makes up the most expensive cost driver for health systems. To help you gain control over labor spend and productivity trends, Labor Productivity analyzes payroll, census, time and attendance, and budget data. Metrics like nursing hours per patient day and skilled staffing mix enable you to address costly staffing variances and optimize productivity, all with the goal of ensuring optimal, cost-effective staffing. MORE >

Service Line
As reimbursements shrink, profitability is less about increasing volumes and more about finding efficiencies. Service Line helps you understand costs and utilization, and with big-picture oversight into physician variation, you can take control over the financial health of your service lines. MORE >

Surgical Throughput
In the operating room, factors like delayed start times, turnover times, and surgical practice pattern variation can greatly affect efficiency and outcomes. Surgical Throughput enables you to analyze turnaround times, OR quality, and efficiency for a full picture of surgical performance, ultimately increasing OR volumes. MORE >

Emergency Department Throughput
With emergency department visits on the rise, improving efficiency and quality in the ED is more important than ever. Emergency Department Throughput analyzes your ED data, offering insight into turnaround times, quality, throughput, and efficiency. You can identify opportunities to improve access, optimize staffing, reduce costs, ensure patient satisfaction, and prevent long wait times. MORE >