Healthcare organizations face significant challenges in identifying opportunities to improve value in medical spending and close gaps in care. Organizations often deploy myriad medical-cost-management initiatives originating from various parts of the organization without fully understanding the opportunity space.
Benchmarking to Value is an analytics engine that provides a holistic view of opportunities to improve medical-cost value and bridge population-care gaps based on patterns of variation in price, care-setting mix, and planned utilization versus potentially avoidable exacerbation. It allows for internal and external benchmarking of the total cost of care, with the abilities to disaggregate key drivers at multiple levels of granularity and aggregate potential savings based on performance improvement.