To perform in the upcoming value-based healthcare market, providers across the spectrum will need to develop an advanced analytics strategy. In particular, Medicare Part B providers will need to prepare for Medicare’s new Merit-Based Incentive Payment System (MIPS), as more of their payments will be tied to performance measures that will likely start being tracked in 2017. Agile analytics are uniquely positioned to either complement other approaches, or serve as the core platform for improving performance.
Restricting Blood Product Utilization Results in Significant Cost Savings
Healthcare institutions can realize significant cost savings and improved patient outcomes by reducing the overutilization of blood transfusions. Estimates show that in the US alone, a moderate 30% reduction in transfusion of blood products results in an annual savings of anywhere from $1.5 billion to $2.5 billion. This same 30% reduction would save 50,000 lives, avert 200,000 wound complications, and eliminate eight million patient days in the hospital.Read More >