Cost ManagementHealth Catalyst
Health Catalyst’s Cost Management solution helps healthcare organizations optimize financial performance by providing tools for cost analysis, budgeting, and resource allocation. It integrates data from various sources to deliver actionable insights, enabling better decision-making and efficient use of resources.
Vendor
Health Catalyst
Company Website
Product details
Improve Financial Performance Without Compromising Quality of Care
Uncover investment opportunities, enhance contract negotiations, and reduce inefficiencies with trusted data and insights using the Health Catalyst Business Decision Support™.
- Comprehensive and integrated financial and clinical data
- Automated, activity-based costing across 100% of clinical costs
- Frictionless self-service reporting from the start
- Timely, robust, and predictive labor productivity management
Features
- Strengthen Strategic Decision Making - Leverage activity-based costing to calculate true margin by service line. - View cost data by procedure, provider, and patient for in-depth analysis and at-risk contract negotiations. - Obtain guidance through clinical, quality, and financial analytics tools and expertise.
- Transform Operations - Understand variations by physician and procedure across all cost areas. - Get timely labor productivity data reports and predictive analytics for better staffing cost decisions. - Get supply and drug utilization data to uncover usage behavior and variation insights.
- Optimize Financial Reporting - Accelerate time to insight with faster reporting and data processing. - Make more informed decisions with a complete and granular view of cost models. - Gain real-time insights with an integrated data ecosystem that enables ad hoc reporting.