Market Insights Solution - Retheme
Designed for healthcare consultants, Market Insights offers the industry’s most timely, detailed, and extensive hospital, non-acute, and physician analytics across the care continuum.
The healthcare market context you need to ensure a strong bottom line for your clients
In the competitive world of healthcare consulting, firms must constantly deliver differentiated value to clients while positioning themselves as authorities by delivering strategic insights that others lack.
Each month, Market Insights for healthcare compiles data from thousands of acute and non-acute facilities nationwide to give you the most objective and current view into the evolving healthcare market landscape. Leveraging these insights, you can accurately compare an individual organization’s performance to peers, set improvement targets, guide organizational change, and evaluate the success of transformation efforts.
Key Features:
- Source: Data harvested directly from business systems
- Current: Monthly data updates include the prior month
- Size: Data from more than 4,000 healthcare entities, including over 1,300 hospitals and 135,000 physicians
- Breadth: Acute care, non-acute, and physician
- Detail: Metrics available in four data subscription options, including Financial/Operational, Clinical, Physician, and Capital Spend
- Methodology: Powered by Syntellis IQ, objective apples-to-apples comparisons leverage modern data science techniques
- Delivery: Online report portal, direct data files, or Syntellis’ Axiom™ Comparative Analytics
Broaden value with unique operational and financial insights
Market Insights provides key performance indicators across the most extensive range of service lines available in benchmarking solutions today. Metrics go beyond acute care to include outpatient, physician practices, imaging centers, home health and hospice, skilled nursing facilities, urgent care centers, and more.
Analytics and benchmarking data include key financial, operational, clinical, payroll, patient, and labor utilization measures from a strong cross-section of various types of hospitals, departments, practices, and specialties for comparison.
Four data subscription options:
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Financial/Operational – Enhance budgets and financial forecasts and guide strategic operational improvements. Monthly data include margins, volumes, revenues, expenses, labor, productivity, and span of control across more than 40 types of acute and non-acute entities.
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Clinical – Provide near real-time market views with monthly cost, quality, safety, and utilization data for systemwide evaluation and reporting down to the encounter level. Data represent over 2.3 million patient encounters harvested directly from healthcare decision support systems and stratified by MS-DRG.
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Physician – Improve profitability and productivity with robust comparison data from 135,000 physicians across 10,000+ practice departments. Data include physician investments, compensation, revenue, productivity, and support staff benchmarks by specialty and region.
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Capital Spend – Leverage capital purchase benchmarks from healthcare organizations nationwide to help clients remain competitive, justify capital purchases, and guide equipment selections. Data span capital spend, capital analysis, operations impact, vendors, and project status drawn monthly from 600+ hospital information systems.
Identify improvement opportunities with near real-time precision
Data refreshes regularly to show metrics from the prior month, so you can quickly identify and guide your clients’ response to healthcare industry trends. The monthly updates give immediate visibility into action plan impacts, creating more time to course correct if needed.
Evaluate clients’ performance against industry benchmarks
Market Insights provides the market knowledge needed to help you quickly spot clients’ greatest operational, financial, and clinical performance improvement opportunities so you can focus corrective strategies on the areas most likely to show the greatest impact. Set goals for incremental improvement using better-performing peers as the target. With 20 peer percentile targets per measure, you can develop achievable improvement action plans.
