Identifying Over 110 Opportunities Helps Organization Quantify the Cost of Harm - Retheme

July 10, 2020

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Quantify Impact of Improved Quality of Care

While healthcare organizations have long believed that higher quality amounts to lower cost, quantifying the impact of improved quality of care has proven difficult. Without the necessary tools, processes, and strong internal support, providers have been unable to demonstrate the real cost and margin impact of higher quality care.

Explaining Cost Accounting in Healthcare

For the past half-century, several types of key software have powered financial and clinical decisions at healthcare organizations in the U.S. Coinciding with the rise of electronic health records (EHRs) and electronic medical records (EMRs) in the 1980’s and early 1990’s, healthcare organizations began to look for ways to leverage and unify their new wealth of data for insights and information.
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