The healthcare industry is undergoing a seismic shift designed to improve the quality of patient care and manage overall costs. However, while the over arching aim is to reduce administrative burden and waste within the system, the near-term impacts actually increase the cost of running a hospital and lower overall provider revenues. How Providers are Impacted:
A new trend is emerging in the wake of this impact; one that is built on the tenants of value-based care delivery and patient-centered medicine. These solutions use available predictive analytic capabilities to account for the clinical, compliance/regulatory, and financial nuances that are intrinsic to the hospital setting. Using this approach, waste solutions can reduce waste while improving health outcomes at the community and individual levels.