Bridging the gap between quality and total cost of care through clinical variation reduction
In the current health care landscape, reducing cost is critical. However, with the increasing emphasis on quality, organizations are realizing that the way cost is measured and reduced needs to change. Today’s health care organizations must learn how to link their costs with clinical outcomes to truly appreciate the value they bring to their communities. In addition to understanding the costs of devices and services, it’s also about recognizing how and on whom the devices are used, as well as why physicians decide to use them. Vizient® can help you balance quality and cost of care. Our data-driven approach to clinical cost management aligns price, process and utilization.
Vizient combines a wealth of data with the experience and expertise of our consultants to offer cost management services in the following areas:
- Physician preference items (PPI)
- Lab and blood management
- Clinical quality value analysis
Physician preference items
While many healthcare organizations have made significant strides in cost, managing utilization and costs for physician preference items (PPI) continues to be a challenge.
Critical to this effort is a health care organization’s relationship with physicians and the ability to change behavior. Vizient experts use data and analytics to align physicians and organizational stakeholders to reduce acquisition costs and move organizations toward an improved utilization model.
Comprehensive lab and blood management
In the transition to a value-based care model, laboratory services are an area that offers many cost management opportunities.
Vizient offers lab and blood management professional consulting services that will help your laboratories focus on cost per care episode or cost per population as you transition from volume to value. Through our comprehensive lab and blood management solution, we examine the current utilization of blood products and provide guidance for improving patient outcomes.
Clinical quality value analysis
To drive desirable patient outcomes, value analysis strategy must consider life cycle costs, evidence-based care and clinical benefits.
Our clinical quality value analysis program (CQVA) solution uses a proprietary supply savings platform to automate the clinical value analysis process. The program helps connect clinicians and physicians with finance and supply chain to optimize supply costs, improve patient care and increase a member’s total value of care across the continuum.
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Connect with us to learn how we can help maximize your clinical variation cost reduction opportunities.