The Power of an Enterprise-wide, Data-driven Strategy

12/04/20

Health systems and providers continue to face ongoing challenges associated with delivering high-quality, cost-effective care while balancing decreasing reimbursements and new value-based payment models. COVID-19 has heightened the need for organizations to be adaptable, flexible and reliable. Learn why a comprehensive enterprise-wide data-driven strategy is essential to adapting and thriving in this new environment.  

More

Health Care Pricing, Doorbells and Peanut Shells

12/02/20

The difference in charges for identical services depending on the source of payment is difficult for patients to understand, and even more difficult for providers to explain. With more intense scrutiny on private sector prices arising from higher insurance deductibles and enthusiasm by policymakers over transparency, it is hard to ignore.

More

Bickering in the Back Seat: The Case for All Payer Pricing

11/16/20

In his latest essay entitled “Bickering in the Back Seat: The Case for All Payer Pricing”, Vizient Research Institute executive director Tom Robertson reminisces about a common childhood memory while contemplating the future direction of health care finance. 

More

Winning More by Losing Less: Taking a Cue from Baseball

10/13/20

With the major league baseball playoffs underway, Vizient Research Institute executive director Tom Robertson draws parallels between the national pastime and the typical medical center or health system’s financial business model. In this latest essay, Tom shares findings from the Institute’s last major study, pointing to opportunities to enhance the bottom line while improving the lives of our most vulnerable patients.

More

There’s No Easy Button For Improving Risk-Adjusted Mortality

07/28/20

When hospital leaders are presented with performance improvement opportunities uncovered through Vizient's clinical benchmarking data, it’s not uncommon for them to first look for reasons for below-average performance rather than consider what changes could be implemented to improve. This happened recently after presenting a length-of-stay (LOS) opportunity to leaders of a large hospital.

More

The Future is Now: Artificial Intelligence in Health Care

06/04/20

Hundreds of companies are developing medical artificial intelligence applications with billions of dollars in venture capital. Adoption is in the early stages; helping physicians with image interpretation and diagnostic support. But make no mistake, AI is poised to transform the health care landscape.  

More

Demographic Data Collection and Use: Pandora’s Box or Treasure Trove?

10/29/18

Health care organizations collect patient demographic data including race, ethnicity and language (REAL) to fulfill meaningful use attestation, meet federal accreditation requirements and adhere to CLAS standards (Culturally and Linguistically Appropriate Services). How organizations use this data, however, varies greatly. Many organizations are beginning to use the information with their clinical quality and safety improvement efforts.

More

In Health Care Performance Improvement, It’s Really About Knowing Where We Are Going

08/30/18
My favorite philosopher, Yogi Berra, once said, “If you don’t know where you are going, you’ll end up somewhere else.” It’s an easy argument to show that we continually end up somewhere else in our current health care performance improvement efforts, and most times that somewhere else is the land of no change. No matter the laudable efforts of many people, we seemed to get derailed in our improvement efforts by everything from unengaged clinicians to a lack of... More

The 3 C's of a Healthy Analytics Program

08/08/18
With health care spending in the United States now exceeding $3 trillion, and a recent government report stating that Medicare could become insolvent by 2026, it’s critical health care providers have a clinical analytics program to measure and evaluate outcomes that leads to improvement. More

Consumers and Providers Deserve a Better Star Rating System. Here’s How.

07/12/18
The Overall Hospital Star Rating system from the Centers for Medicare & Medicaid Services (CMS) is meant to give consumers an easy way to pick the best hospitals for them and their loved ones. Yet, due to the methodology that drives the ratings, consumers don't always have a complete and accurate picture of the quality of care being offered by the more than 4,500 hospitals nationwide noted in the CMS system. More