Service Line Analytics is an online business intelligence solution for the control of supply costs that accurately captures, interprets, cleans and reports clinical, financial and supply-cost data by service lines and MS DRGs. It quantifies achievable opportunities, providing clear direction for change management.
Key Features:
- Determine what supply spend should be, given the types of patients treated
- Quantify all non-labor cost-reduction opportunities in both price and utilization of supplies
- Provide detailed data to facilitate physician and clinical team engagement
- Measure progress in achieving cost-savings opportunities and maintaining gains
- Provide a clinical consultant to provide change management coaching and guide you through projects
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Service Line Analytics identifies exactly where savings’ opportunities exist – both in price and utilization. A roadmap is created, detailing how to implement the changes needed to secure cost reductions.
- Provides implementation roadmaps towards achieving tangible results based on a proven methodology
- Connects supply costs with clinical outcomes
- Delivers credible data in a physician-ready format at the service line, physician and patient-level with accurate quality and supply cost information
- Data are arranged in a logical manner, from economic and clinical, to supply costs, down to physician detail. Guesswork is removed by providing hospitals with immediate and sustainable margin improvement. Performance metrics highlight progress toward success.
- Uses a more accurate metric to gauge supply chain performance which truly reflects the types of patients being treated in a hospital
Find out more about Supply Chain Consulting.