Hospital leaders need objective, real-world evidence and innovative analytics to make data-driven, clinical decisions that improve patient outcomes and reduce costs. These decisions require full transparency into very granular clinical, operational and financial data in order to determine the best outcomes and the total cost of care — from every medication dispensed during a hospital stay, to staffing resources, to the overall profit/loss of each service line.
Hospital leaders need objective, real-world evidence and innovative analytics to make data-driven, clinical decisions that improve patient outcomes and reduce costs. These decisions require full transparency into very granular clinical, operational and financial data in order to determine the best outcomes and the total cost of care — from every medication dispensed during a hospital stay, to staffing resources, to the overall profit/loss of each service line.
Using longitudinal databases and analytics, hospital leaders can compare and contrast the efficacy of specific drugs by comparing de-identified patient data such as length of stay, readmissions, and co-morbidities against indexes of similar hospitals to determine the true effectiveness of various drugs.
“This is the future of medicine; within the next two to four years, every hospital in America will make formulary decisions that are grounded in real-world science. The answers are in the data.” – Travis Leonardi, CEO and Founder of Agilum
Agilum’s financial analytics solution provides healthcare intelligence to manage hospital performance. Agilum helps leaders achieve ROI through comprehensive service line analyses, productivity management of labor resources and opportunities to increase revenue and decrease days in AR.
We provide a roadmap for financial leaders who want to understand where they are on the journey towards effective data-driven management, and what steps they can take to improve their organization’s ability to manage “by the numbers.”
Pharmacy Analytics – Comparative Rapid Cycle Analytics™
Longitudinal data holds the power to improve care and reduce infection rates in hospitals, aid in accurate diagnosis and treatment decisions, and even reduce the cost and time involved in pharmaceutical research and development—if only we are willing to listen.
Financial Analytics – Service Line Costing & Profitability
“If you don’t know your numbers, you don’t know your business.” That maxim from business guru Marcus Lemonis applies to health system executives and hospital managers just as much as it does to the entrepreneurs seeking funding on his television shows.