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Customer Experience and Design

Upcoming Webinar: Analytics to Manage Costs for Providers

Yesterday one of my colleagues, Terie McClintock, wrote a post about solutions to the healthcare cost crisis. In her post, Terie discusses a the solution to high healthcare costs as a matrix that incorporates the many factors influencing costs.

Identification of key clinical and financial determinants can be integrated into cost reduction and efficiency enhancing based on their consistency, viability, and influence. Clinical determinants may include complexity and necessity of procedure, length of stay, or differences between acute and chronic care. Financial determinants may include cost of procedure, inpatient and outpatient admission and discharge fees, and cost of disease management versus emergency department visits.

The solution, as noted, is an underlying matrix. The determinants listed above may therefore create a matrix that assesses the relation to procedural costs based on acute and chronic conditions, any related re admissions and avoidable treatments. Underlying refers to the process of deduction and analyses of these determinants, and their influence on each other. Matrix refers to the interconnectedness of the relationships among all determinants.

Perficient is hosting an upcoming webinar on the topic, called A Profitability and Cost Management Strategy for Healthcare Providers. The webinar will discuss discuss how leveraging advanced analytics to manage population health, develop risk models, and examine clinical outcomes based on cost will enable Accountable Care and improve the quality of care. Click here to register for the March 27th webinar.

To read Terie’s full post, visit our Oracle blog.

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