Service line analytics also inform strategic decisions like expanding the volume of services by recruiting additional physicians in specific specialties or by investing in new clinical technologies. Expenses from overhead areas are allocated to patient care departments. A longitudinal analysis of the impact of hospital service line profitability on the likelihood of readmission. But as it took over community hospitals (there are now 23 â¦ Service Line Analyzer provides hospital service line managers and administrators the ability to organize their service line data effectively by consolidating hospital inpatient and outpatient, and physician data to pull out specific insights within their service lines across departments and the continuum. Average hospital costs, total discharges, and average length of stay by hospital service line, 2003-2013 Table 1 summarizes the average hospital costs, total discharges, and average length of stay for all inpatient hospitalizations and hospitalizations for five component hospital service lines in 2003 and 2011 (actual values) and for 2013 (projected values). Learn how to do a service line competitive analysis and optimize your healthcare service line content to better reach patients. Service line analytics are an essential tool for hospitals and health systems of all sizes. Med Care Res Rev. With the right advanced analytic capabilities, service line reporting can be practical and affordable for hospitals of all sizes — and accessible to the whole management team. By visualizing concentrations of potential patients using the patient profile and conducting a potential analysis of your operating area using the service line model, you can identify pockets of unmet demand. But service line analytics don’t end with a patient profile. Looking at the variation in costs by surgeon, for example, can highlight differences in clinical practice such as the selection of costly implantable devices, the utilization of minimally invasive surgical techniques, or scheduling procedures in an ambulatory surgery center. As fewer and fewer services are paid for under “fee-for-service” business models, executives cannot assume that extra costs will be covered by extra revenues. \"A functional design can promote skill, economy, conveniences, and comforts; a non-functional design can impede activities of all types, detract from quality of care, and raise costs to intolerable levels.\" ... Hardy and LammersHospitals are the most complex of building types. These factors are combined and weighted in a service line model that benchmarks the potential for a service line across a defined market. Are you offering the right healthcare services at the right facilities? Northwell began using a service-line approach for managing its operations in the mid-1990s. Service area lines are not generated by default during a service area analysis; you can choose to generate them. Receive our monthly Healthcare Insights newsletter. Consider adding new facilities in these areas to grow your market share. Receive unbiased, data-driven, third-party whitespace analysis to help with Buy-Side Due Diligence or Sell-Side Transactions. It’s not enough to just push all of a hospital’s different databases into a central data warehouse and layer a generic reporting tool on top of it. Each hospital is comprised of a wide range of services and functional units. With cloud-based solutions built specifically for clinical service line analysis, small hospitals can get access to better information than ever before and larger hospitals can make their financial teams more efficient.
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