The Need for Effective Cost Control in Healthcare
In today's healthcare landscape, providers face increasing pressure to control costs while delivering high-quality care to their patients. The Veradigm Utilization Analytics solution addresses this need by providing visibility into Key Performance Indicators that track utilizations and costs associated with contracts and provider groups. By enabling accurate monitoring and management of these metrics, healthcare providers can take targeted actions to improve health outcomes and reduce the total cost of care. This not only benefits patients but also contributes to improved financial outcomes.
Benefits of Veradigm Utilization Analytics
Veradigm Utilization Analytics offers a range of benefits to healthcare providers and health plans. By utilizing this solution, providers can optimize their contracts, provider groups, and programs by reducing inappropriate Emergency Department utilization, improving 30-day unplanned readmission rates, decreasing overall cost-of-care, and minimizing revenue leakage caused by out-of-network services. The platform also provides access to program performance analytics in one centralized location, allowing for easy tracking of performance against historical benchmarks.
Tracking Utilization and Costs for Program Optimization
One of the key features of Veradigm Utilization Analytics is the ability to track utilization and costs associated with the delivery of healthcare programs. By monitoring emergency department visits, inpatient stays, and readmissions, providers can identify areas for improvement and cost reduction. The platform also helps in identifying revenue leakage from services occurring out of network, enabling providers to make informed decisions about network design and contract negotiations.
Improving Network Performance with Veradigm Utilization Analytics
Veradigm Utilization Analytics provides detailed dashboards that offer spatial representations of out-of-contract and out-of-network services. By visualizing where these services are occurring, along with the specialties and locations involved, providers can fill gaps in their specialty provider network and geographic coverage to reduce leakage. This data-driven approach enables healthcare organizations to optimize their network performance and enhance the overall quality of care delivered to patients.
Take Control of Healthcare Costs and Quality with Veradigm Utilization Analytics
In conclusion, Veradigm Utilization Analytics is a powerful tool that empowers healthcare providers to take control of costs, improve quality of care, and enhance overall performance. By leveraging the insights and analytics offered by this solution, providers can make informed decisions that lead to better healthcare outcomes and financial results. With the ever-increasing demands of the healthcare industry, having a solution like Veradigm Utilization Analytics is essential for providers looking to succeed in a value-based care environment.