In an era of mounting fiscal uncertainty marked by flat, or even downward trending, net revenue at hospitals, the need for cost reduction has never been greater. Yet, many cost reduction efforts fail. At the center of these failed efforts is a lack of understanding about “the how” of achieving real, measurable cost saving
WHITEPAPER: Measuring Downstream Financial Impact of Provider Clinics
Leveraging Real, Accurate Cost Data to Track Clinic Patients Across the Care Continuum
Each year, hospitals continue to invest in outpatient services to meet the needs and preferences of their patients, drive clinical innovation with new technologies and facilities, and follow financial incentives. The support of government policies and health plans are leading healthcare providers to offer their services in lower-cost care settings like outpatient facilities, and those same systems have been acquiring or partnering with physicians and physician practices. The future of healthcare has hospitals focused on new medical advances (like minimally-invasive surgical procedures and techniques) and consumer preference, but with limited ability to view how these new outpatient structures will impact their bottom line.
In this whitepaper, learn how and why hospitals lack visibility into the downstream impact of these outpatient investments. Find out why hospitals need reliable data sources to be able to track the impact of these investments on their full suite of healthcare facilities within their system, and what it can reveal about the financial performance of their health system or hospitals that they may be missing.
To learn more about Strata Decision Technology and the advanced planning and analytics platform that helps over 200 health systems track patient episodes or monitor downstream impact, register for our upcoming interactive webinar on the decision support tool that helps make data accurate and accessible to the right users in your hospital.