Business Decision Support Suite

1. The Challenge

Details

2. Our Approach

Details

3. Benefits

Details
Technical

The Health Catalyst Business Decision Support™ suite includes the Health Catalyst PowerCosting™ and Health Catalyst PowerLabor™ applications; adaptable analytics accelerators to meet a healthcare system's unique needs; and integrated AI via Healthcare.AI™ to highlight abnormal costs and give you more accurate, precise, and consistent answers.

The Challenge

Health systems that have acquired ambulatory care practices—and independent ambulatory practices alike—face tremendous financial pressures and challenges to financial sustainability. If you’re an ambulatory care leader, you’re looking to improve the efficiency of the services you provide and find cost savings without negatively impacting patient outcomes, the community, or the integrity of the organization. Yet it can be difficult to access data that brings actionable insights to inform decisions to improve patient access, panel management, provider productivity, referral management, or quality scores.

Our Approach

Our approach with the Health Catalyst Business Decision Support™ suite combines three strategies, all maximizing the same data from the Health Catalyst Platform:

  • Understand your costs with the Health Catalyst PowerCosting™ application. Our activity-based costing system helps health systems understand their true costs in order to lower expenses, reduce variation, and negotiate favorable, at-risk contracts.
  • Improve your labor productivity with the Health Catalyst PowerLabor™ application. This application provides a new level of timely, accurate, actionable data necessary to make better staffing costs decisions.
  • Tailor your financial analytics to manage your business with analytics accelerators. We give you the ability to run your business with your unique needs.

Benefits

  • Get high-value data into the hands of financial and clinical users to own change, not fear it. Integrated and comprehensive data from DOS brings together hundreds of data sources across the system, giving your team the full picture to run the business. Provider-, patient-, and department-level data is understandable and actionable, so leaders can take action and provide meaningful, story-driven reporting.
  • Provide predictive, not just retrospective, analysis with AI. Your teams gain more accurate, precise, and consistent answers than ever before. AI highlights abnormal costs, cutting the data noise to help focus on the variances that matter, and better predicts staffing needs so leaders can make proactive decisions.
  • Provide flexible self-service solutions that adapt to your needs. Your problems aren't canned. Your financial reporting shouldn't be either. We can tailor our solutions to meet your unique needs.
  • Extend the value of the Business Decision Support suite via additional Expert Services. Our most successful client partners engage our team for a range of support—including strategic assessment, strategy deployment, expanded education, and ad-hoc consulting.

Proven Outcomes

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