Healthcare providers are under intense pressure to contain costs and deliver care to a diverse patient base under multiple delivery contract and payment methods. Care is often idiosyncratic with similar patients taking different paths through the system, and a lack of standardization of practice including using different procedures, drugs, devices, tests and equipment for the same medical procedure.
What is the cost of each procedure, and what is the impact on revenue? Is it possible to compare outlay levels for certain forms of treatment with the DRG charge? How easy is it to benchmark with other providers and discover potential savings and best practices? Can you analyze departmental activities allowing more cost-effective operating practices and budgetary savings?