Thanks to this easy-to-use reporting tool, which captures clinical cost detail down to the patient and transaction level, hospital key executives and clinicians can rapidly evaluate, understand and improve patterns of care at the patient, drug, supply, laboratory test, and imaging procedure level. To generate a Direct Cost Opportunity Report from their desktops, executives only have to select their hospital, the time period of interest and grouping criteria. Within seconds, the report is returned to the requester.
Users can then simply click their way through "drill paths" to view and analyse more detailed information. For example, users can obtain direct cost opportunities for specific departments, such as pharmacy, and drill-down to specific agents within that cost centre. This degree of simplicity allows department managers, administrators and clinicians to effortlessly generate transaction-level reports.
"In today's tough financial environment, it is important for hospitals to quickly find effective ways to improve clinical processes, manage resource consumption and curb waste", stated Kevin Fahsholtz, who is Product Manager at HBSI. "Now that health care executives are able to easily analyse clinical cost drivers, they have a better chance of finding out where their organisation stands compared to peers, learn from this comparison, and reduce costs."
"I'm amazed at how quick and easy this tool is to use", observed Susan Swier, Quality Improvement Specialist at Sarasota Memorial Hospital. "And what is really nice about this tool is that it quickly points you in the direction you need to go to find and investigate cost opportunities." Added Susan Swier: "I currently have twenty-one users of this tool at Sarasota Memorial, and they're just as excited about it as I am."
HBSI EIS is included with HBSI EXPLORE but it can also be purchased as a stand-alone application. HBSI EXPLORE provides in-depth inpatient and outpatient comparative information and allows for the evaluation as well as improvement of clinical practices down to the patient and transaction level. Its Standard Transaction Codes (STCs) facilitate valid comparisons between health care organisations at the charge code level and provide more detail than any other coding system.
Health care organisations throughout the country utilise HBSI EXPLORE to evaluate and compare detailed clinical practice and resource utilisation patterns among their physicians, with peer organisations and against the industry norms. More than 900 health care facilities nationwide use HBSI's outcomes information to improve financial viability, operational efficiencies, clinical effectiveness and patient satisfaction. You can read more on HBSI in the VMW January 2000 article Freshly issued HBSI bi-annual report shows hospital operating margins still declining.