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Performance Improvement and Data Analysis Solutions |
| Understanding and evaluating performance is critical to financial and operational success for any facility. You need solid benchmarking and analytical tools for accurate results. Ingenix Hospital Data solutions pinpoint areas where you can capture more revenue and cut costs without jeopardizing quality of care. |
Benchmarking tools to help you:
- Improve organizational efficiency
- Assess trends and data for informed decisions
- Improve chargemaster accuracy
- Manage changing Medicare and coding rules
- Benchmark charges and costs
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Products:
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Almanac of Hospital Financial and Operating Indicators
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In today’s competitive health care market, hospitals are constantly feeling the pressure to lower costs and improve operational efficiencies. Analyzing your hospital’s performance against best practice groups in your area is essential. |
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Commercial Rate Builder
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Today's hospitals face daily trials compounded by rising costs and reduced levels of reimbursement. They must continually assess their performance—internally and in comparison with others—capitalize on strengths, and make improvements where possible. |
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Financial Analysis Service
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With the increased pressure on hospitals to lower cost and increase efficiencies, your hospital needs to closely monitor its financial performance. Financial Analysis Service can help you benchmark against specific comparative groups or competitors. |
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Hospital INSIGHT™
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Hospital INSIGHT™ is a web-based benchmarking tool for creating comparative performance profiles for any Medicare hospital in the nation. These profiles provide a snapshot of how a hospital is performing in the areas of coding, compliance, reimbursement and outcomes. |
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HospitalBenchmarks.com
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Knowing your hospital’s or other facility’s financial health can help make informed decisions about operations, loans, purchases. How would you like to benchmark your hospital’s finances compared to individual hospitals? Hospitalbenchmarks.com is an online tool that has Medicare cost report data and allows a user to see cost report data from any hospital based on a provider number. You can view balance sheet and income sheet data, along with 70 or so ratios that are calculated with this data. |
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Inpatient Department Report
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In today’s competitive marketplace, you must constantly evaluate your facility’s performance against your peers. But that’s not always easy or cost-effective.
Inpatient Department Report helps you profile inpatient services and pricing
while providing critical data that is necessary to improve performance.
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Inpatient Margin Report
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Ingenix Inpatient Margin Report can help you lower inpatient costs, increase efficiencies, maintain a competitive edge, and develop compliance and CQI plans—vital initiatives for most U.S. hospitals. |
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Inpatient Room Rates
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Analyzing and setting room rate charges is critical to a hospital’s financial success. Without a careful annual analysis and benchmarking, your organization could lose money. The Inpatient Room Rates report helps you assess your charges against your peers. |
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Outpatient Charge Capture
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Hospitals can’t rely solely on the Medicare Cost Report to provide "catch up" payments when billing APC outpatient services. If you don't bill, you don't get paid. Use this custom report to identify potential missed charges for hospital outpatient services. |
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Outpatient Margin Report
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Hospitals margins are constantly being squeezed by a variety of factors: increased costs, stagnant pricing, and changes on outpatient volume all play a role. Outpatient Margin Report helps hospitals address the real need for outpatient margin analysis. |
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Outpatient Pricing Report
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Patients are aware of outpatient pricing variations. Yet, pricing hospital services too low can lose revenue. Outpatient Pricing Report can help you set your charges at a competitive level so you receive appropriate reimbursement for the services you provide. |
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Severity-Adjusted DRGs
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All Payer Severity-Adjusted DRGs (APS-DRGs®) is a reimbursement methodology used to identify, evaluate and report on differences in severity among hospitalized patients. |
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Strategic Operating Indicator Service
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With the increased pressure on hospitals to lower cost and increase efficiencies, your hospital needs to closely monitor its operating performance. We can help you benchmark your operational performance against specific comparative groups or competitors. |
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