The Health Catalyst PowerCosting™ application uses activities—not just relative value units (RVUs)—to deliver an accurate, comprehensive view of all your costs based on granular data from EMR, claims, payroll, and other systems. It provides a streamlined interface that guides your cost accountants through the costing and validation process.

The reports available in the application serve up the timely, actionable knowledge critical to improving outcomes today and sustaining the organization over the long term. These reports deliver an understanding of the true cost of the services healthcare systems provide, aggregating data from multiple source systems to reveal costs—and improvement opportunities—across the continuum by procedure, provider, and patient.

• Faster, more streamlined processes save time and reduce errors. The PowerCosting interface guides the finance team through the costing process—including validation—to save time and reduce errors.
• Transparency into your costs. Integrated and aggregated data from EMR, clinical, financial (claims, GL, payroll, supply chain, etc.), patient satisfaction, operation, and other sources help you identify actionable insights into the real drivers of cost variation.
• Costing data shared with the masses. With costing data readily available, analysts can more quickly respond to financial questions and problems reported by the organization and leadership.
• Trend, compare, and validate your costs. Embedded reports let you view trending charges, payments, and other data points; compare costs between service lines, specialties, etc.; and validate your costing to ensure accuracy.