Track Surgical Profitability
Case Cost 360 software captures and analyzes perioperative costs in ways not currently available in a single system. More than a business intelligence reporting tool, it tracks complete, granular resource utilization in real-time:
Case Cost 360 produces detailed variance analysis that provides insights necessary to guide decisions that optimize surgical profitability: a true Clinical Operations Decision Support solution. The power of this decision support derives from Case Cost 360 delivering data that adheres to four fundamental, essential requirements:
Must be gathered at the per-procedure, per-physician level.
Captured near real-time in a streamlined, efficient way that does not burden OR staff or unduly interfere with surgical workflow.
Across multiple dimensions: medical specialties, types of procedures, and relevant cost inputs.
Automated capture with reliance on standardized coding structure such as ICD-10 and UNSPSC.
Spending associated with surgical procedures is significant. No wonder that interest is high in seeking profit improvement in this area.
Case Cost 360’s detailed procedural cost tracking and variance analysis provides the necessary foundation of evidence that management needs to find cost reduction and enhanced profitability by attacking the various levels of the value pyramid:
LET CASE COST 360 HELP YOU:
Achieve permanent cost base reductions
Reduce costly practice variation
Keep preference cards current
Drive process change through evidence, not anecdote
Break down Operating Room/Supply Chain information silos
Enhance procedural care quality & safety
MHS understands that in today’s environment rapid return on investment is mandatory. In most instances, we can produce returns on Case Cost 360 of 4 to 1 or more and a cash payback within a year.
The table shown here illustrates sample returns likely in a hospital setting of the size shown.
Contact MHS to obtain a customized ROI based on your specific data and requirements.
Management Health Solutions offers optional barcode and RFID-enabled mobile technologies that fit procedural workflow and perform precise tracking of utilization data at every step of the process.
Our services suite covers the essential professional, master data management, and inventory valuation services. It’s a robust portfolio that allows us to meet you at your state of readiness and provide the necessary foundation steps to quality data to underpin Case Cost 360 and Clinical Procedural Cost Understanding: