Margin and Operations Improvement
Actionable Insights on Performance Issues
Healthcare abounds with data. Why can it be so hard to use to improve operations?
There are four elements of actionable reporting - insight, prioritization, action, and accountability.
We offer services that will help you look into your operations, identify and understand the underperforming elements, prioritize improvement opportunities, and structure analytics and reporting systems to support accountable improvement.
Revenue Analytics
Your revenue realization is driven by many factors. Volumes, service mix, and payor mix. Documentation and coding. Contractual payment compliance. Denials and delays in payment. Accounts receivable reserving processes. These interact to impact P&L revenue in unexpected and hard-to-explain ways. We can help you identify and optimize your revenue analytics.
Actionable Reporting
Actionable reports take the mountains of data you collect and focus action for improvement. It starts with understanding the key drivers of your performance making this the core of your reports. It prioritizes the information around the highest opportunities to improve. And it promotes accountability to performance expectations through trended data. We provide assistance in creating these reporting environments.
Expense Variance
Labor productivity. Length of stay. Provider variation in treatment. These and other factors directly impact your bottom line. It is more important than ever to set realistic standards on input costs and implement controls to meet those standards. We offer assistance in analysis of current operations, opportunity assessment, standard setting, and reporting and control systems.