Align service line spend and utilization with care delivery
Managing a health system is a complex task, and hospitals must search for opportunities to reduce unnecessary costs, variation and risk within service lines and by physician. In the move toward value-based care, traditional strategies for controlling cost and variation aren’t enough. It’s time to implement a strategy that uses data to identify opportunities for improvement. An effective service line reporting and analytics strategy plays a crucial role in strengthening operational, clinical and financial performance.
Vizient® Service Line Analytics (SLA) enables health care organizations to dig in, uncover and interpret clinical, financial, supply cost and utilization data by service line, All Patient Refined Diagnosis Related Groups (APR-DRG) and physician — helping you gain valuable insights into how patient care is delivered as well as understand the link between your actual costs and care quality. Our approach is based on a deep, clinical understanding of supply utilization, not just cost. Supplies are put in the context of the patients on which they’re used, enabling a true evaluation of patient care costs.
Service Line Analytics empowers you to:
- Determine supply spend based on the severity of illness and types of patients you treat
- Quantify supply cost reduction opportunities for both price and utilization
- Provide detailed data to facilitate physician and clinician engagement
- Measure your progress in achieving cost savings opportunities and maintaining gains
- Identify variances in supply utilization physician practice patterns
Savings you can measure
A large, multiple-hospital system with numerous regional locations sought greater cost and blood usage efficiencies. Vizient responded with department-level analytics specifically designed to evaluate blood management and testing in the laboratory environment.
As a result, this forward-looking member realized a reduction in blood usage of 33 percent — or $4 million — over a 36-month period.
Learn how we can help you to align service line spend and utilization with care delivery