How Timely Healthcare Benchmark Data Gives Consultants a Competitive Advantage

Hospitals, health systems, and other healthcare providers continue to grapple with a tumultuous healthcare environment due largely to heightened expense pressures and unstable volumes. Healthcare leaders nationwide are searching for viable strategies to curtail rising costs, address widespread labor shortages, and manage fluctuations in demand. Many wonder: When will inflation ease? When will volumes stabilize? Will the healthcare labor market ever truly recover? 

Strategic Decision Support, Part 3: Deliver Actionable Data to Stakeholders

Healthcare provider organizations find themselves in a challenging environment today, recovering from pandemic fallout while dealing with increased competition and ongoing consolidations.

Regardless of the challenge, long-term business imperatives remain clear — identifying opportunities and implementing plans to grow strategically, transform costs, improve quality outcomes, and optimize reimbursements.

Syntellis Market Insights

Designed for healthcare consultants, Syntellis 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, Syntellis 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.

Read the solution brief

 

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

Syntellis 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: 

  • 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. 

  • 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. 

  • 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.  

  • 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

Syntellis 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.

 

Work faster and smarter with flexible data delivery options

Choose from a user-friendly online portal, monthly file imports into your firm’s business intelligence tool, or process your clients’ raw data through Syntellis IQ into Axiom™ Comparative Analytics for the most robust, automated analysis — saving you time that’s better spent advising clients.

 

Powered by:
 

Syntellis IQ logo

 

Leveraging data collected directly from financial systems, Syntellis Market Insights provides the industry’s most timely access to operational and financial analytics thanks to Syntellis IQ, an expansive data science innovation solution that illuminates insights and accelerates performance improvement.

 

 

Deliver unique value to your clients. Identify performance improvement opportunities. Guide meaningful change.

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Featured Resources

Syntellis Market Insights for Consultants

Guide organizational transformation with current and extensive financial, clinical, and operational benchmarks


Market Insights provides healthcare consulting firms with the industry’s most timely operational and financial analytics. Leveraging data from over 1,300 hospitals and 135,000 physicians, more than 6,000 robust benchmarks empower you to deliver more value to clients by objectively comparing clients’ performance to peer organizations. 

Key capabilities include: 

Syntellis Performance Solutions’ Analysis of Over 125,000 Physicians Finds Net Revenue Per Physician, Volume and Productivity Continue Slow, Steady Rise in 2021

CHICAGO – May 11, 2021 – Syntellis Performance Solutions, the leading provider of enterprise performance management (EPM) software, data and analytics solutions, released new financial analysis of the healthcare industry that shows reason for cautious optimism, with net revenue per physician, volume and productivity on the rise. The Syntellis analysis is based on regularly updated physician data that reflects ongoing COVID-19 impact and is now available in its best-in-class Axiom Comparative Analytics solution.

Syntellis’ Axiom Comparative Analytics Honored with 2021 Gold Stevie® Award; Company Awarded Four Total

CHICAGO – April 29, 2021 – Syntellis Performance Solutions was named the winner of a gold Stevie® Award for its Axiom Comparative Analytics solution in the data visualization category of The 19th Annual American Business Awards® today. More than 3,800 nominations – a record number – from organizations of all sizes and in virtually every industry were submitted this year for consideration. In addition to the gold honor, Syntellis won the bronze in three categories, including:

Request a Demo of Market Reimbursement Analyzer

Empower Your Reimbursement Negotiations

Our clients will see real value from healthcare data sooner than they ever thought possible. Find out how your reimbursements compare to the market—and your competition—for more empowered payer negotiations.

With Stratasan’s Market Reimbursement Analyzer, you’ll be able to:

  • Know if you are getting paid as much as you could be against the market
  • Analyze reimbursements rates by payer, provider, or service line
  • Make faster, more informed decisions
  • Access more frequent, recent data

See for yourself! Fill out the form to get a demo of the Market Reimbursement Analyzer.

Request a Demo
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