Actionable Cost Improvement | EPSi Healthcare Financial Decision Support
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Actionable Cost Improvement

December 30, 2016 No Comments

Photograph by St. Louis Photographer Jonathan Gayman.

by John Gragg, COO
As the market shifts from fee-for-service to value-based care, having the right tools to identify and stratify patient populations and episodes of care is vital for finding cost and reimbursement opportunities. The pursuit of credible data and tools to improve cost has been a challenge in the healthcare delivery industry. “You’re only as good as your data” is something we’ve all heard too many times, and data is more important than ever in a value-based care environment.

There are ways to get the level of accuracy and sophistication necessary to take specific cost improvement actions to which you can be accountable. But many organizations are hampered by solutions that limit what data they can use for decision-making. How can you bring data in from many disparate sources so you can get the rich analysis and sophisticated reporting you need to establish targets AND seamlessly monitor progress, allowing you to optimize and adjust as needed?

At EPSi we’ve developed a way to get the most precise costing data tailored to your unique needs. We work with you to maximize advanced data storage, processing and algorithms so you can develop the most precise costing data—BEFORE you begin any analytics.

Once you’ve got data with more depth and breadth, you can better identify saving opportunities. You can feel more confident that you’re taking actions based on reliable and robust data and operational insight. You can be more credible engaging with stakeholders and better understand how you’re progressing toward your goals and targets.

All of this lets you be more in control as the industry moves to value-based care.

What are some of the strategies you use to guide your decisions?