With a shared commitment to improving clinical and operational outcomes in the cardiovascular space, LUMEDX and MedAxiom have hit the ground running on their new industry partnership.

Join LUMEDX at the 2019 Advances in Quality and Outcomes (AQO): A Data Managers Meeting next month and learn firsthand how you can use the data you’re already collecting for the Society of Thoracic Surgeons (STS) registry to its full advantage.

The ability to generate the meaningful insights necessary to improve care and lower costs in a sustained fashion over time is a hospital’s most vital competitive edge. Having access to the data needed to drive changes to your business, and knowing how to use that data, is imperative.

Do you have a great story about how data analytics have led to better patient care or lower costs or—even better—both? We want to hear about it and we’re sure other healthcare providers do too.

We’re soliciting examples of how analytics have revealed opportunities for process improvement. And to make it fun, we’re going to raffle off gift cards worth up to $100 at the LUMEDX Users Group Conference.

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.

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.

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.

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.

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.

Excellent care to patients undergoing coronary artery bypass surgery (CABG) and aortic valve replacement with coronary artery bypass surgery (AVR+CABG) has earned Orlando Health an Overall 3 Star Rating from the Society of Thoracic Surgeons.