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How BI is Lowering Healthcare Costs

12/02/2014 by

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Putting business intelligence in the form of cost accounting data directly into the hands of physicians can start rich dialogues within or between service lines to make healthcare more predictable, more consistent, and less expensive.
In this year of Meaningful Use Stage 2 and ICD-10 deadlines, CIOs are consumed by the effort of meeting the high bars set by government to achieve compliance with these mandates. Wouldn’t it be great if technology could also control escalating healthcare costs?

It might happen sooner than anyone thinks.

John Kenagy, PhD, CIO of Legacy Health, may just be the catalyst to making that happen, not only at his own five-hospital system in Portland, Oregon, but far beyond those walls.

A year ago at HIMSS, Kenagy conducted a kind of shuttle diplomacy between Epic and Strata Decision, two vendors with large installed bases. Epic’s reputation precedes it, and its own new business intelligence software, Cogito, is being adopted widely. Strata Decision is less well known, but its financial management and cost accounting software is installed in one of five hospitals in the U.S., more than 170 healthcare systems overall.

This article has been extracted from http://www.healthleadersmedia.com/, please click on this link to read the article in full http://www.healthleadersmedia.com/content/TEC-300846/How-BI-is-Lowering-Healthcare-Costs##

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