Posts in Category: analytics

Has cost containment in healthcare reached a plateau?  

While financial worries continue to plague healthcare leaders, the ability to contain costs may have reached a plateau.

A study by Kaufman Hall, a strategic and financial consulting firm, that was reported by Healthcare Dive analyzed more than 600 hospitals and found that cutting labor costs and implementing efficiencies and improvement efforts could only go so far.

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Posted by Jana Ballinger 08/15/2019 Categories: analytics HealthView Analytics

Cost savings with same-day discharge for PCI patients 

The U.S. healthcare system could save between $200 million and $500 million per year if 50 percent of percutaneous coronary intervention (PCI) patients were discharged the same day, as reported by JAMA Cardiology. A Canadian study showed that same-day discharge (SDD) after PCI was associated with a 50 percent reduction in costs, with a mean saving of U.S. $1,086 per patient, and European studies of this subject have also reported significant savings per patient.

Yet despite the evidence, many hospitals are still missing out on this significant savings opportunity and the rate of same-day discharge after PCI remains low.

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Posted by Jana Ballinger 07/25/2019 Categories: analytics healthcare analytics patient satisfaction PCI

Data analytics tools: The struggle is real, study finds 

Data-driven decision-making for cost containment and quality improvement initiatives has increasingly proven its worth with insights empowering hospitals to make changes for the better. But progress has been stalled by gaps in interoperability and siloed data, with executives stymied and unable to use analytics to their full potential.

According to a new survey by HIMSS Analytics, only one out of four healthcare organizations are leveraging their data at an executive level on an everyday basis, and while 67.9 percent have an executive dashboard to support strategic decision-making, just 35.1 percent of those organizations are using it daily.

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Posted by Jana Ballinger 07/18/2019 Categories: analytics CVIS interoperability

What we’ve learned: How to save $1M in your CV service line 

The United States spends more per capita on healthcare than any other industrialized nation yet ranks at the bottom of the list for quality of care. Where some see a problem, Matt Esham sees the chance to do better.

“That delta between being the biggest spender and having the worst outcomes equals an opportunity,” says LUMEDX’s Director of Business Intelligence.

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Posted by Jana Ballinger 06/27/2019 Categories: analytics healthcare analytics HealthView Analytics performance value-based care

Meeting the Triple Aim by switching from femoral to radial access  

Although 90-95 percent of cardiac catheterizations in the U.S. are performed through the femoral artery, radial access has been found to be a safer, faster, more comfortable, and more cost-efficient approach.

Here are some of the reasons why providers should consider switching to radial access in their quest for the Triple Aim—better patient satisfaction, improved care and lower costs.

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Finances top hospital execs list of concerns 

That the financial challenge of running a hospital ranked as the top concern in an annual study by the American College of Healthcare Executives should come as little surprise to anyone in the industry. Overwhelmed by the fact that revenues are growing at a considerably slower pace than ever before, providers are left scrambling for ways to bring down expenses without sacrificing quality.

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Posted by Jana Ballinger 03/04/2019 Categories: ACC American College of Cardiology analytics healthcare analytics performance