IllumiCare customers are achieving hard dollar, measurable savings of $170 per admission and more, totaling tens of millions of dollars per year. IllumiCare does five things to help make that happen.
First, we deliver real-time cost transparency to providers for medications and
tests-usingthehospital'sowncostdata,notcharges. For example,with medications, we use the daily cost of medications for that hospital from its drug wholesaler, and calculate the actual cost to supply every medication order, in real-time.
Second, we attribute the cost of every order to the ordering provider (even mapping to the appropriate attending or service in academic centers). We know the cost of every order, who the ordering provider was, the provider specialty, the total cost of the admission and the patient acuity.
The third thing we do is understand clinical variation and provider practice patterns. While we see the decisions made by one provider in one colorectal case...as we look across the decisions made by that same provider across multiple cases, a pattern of behavior emerges. We then compare that provider to others in the same subspecialty when taking care of similar patients to discover the drivers of clinical variation.
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Download or view the PDF below to learn more about how we save hospitals money.
Fourth,we provide individualized, real-time provider coaching. Our proprietary Smart Ribbon, which is an EMR-agnostic tool for displaying information automatically in context at point-of-care
(requiring no login or patient lookup), takes what we know about each providers' practice patterns and where they tend to overspend the most relative to their peers... and when that provider has made a similar decision in a given patient, we use that opportunity to give them a personalized, evidence-based nudge.
Fifth, we embed this cost data into and along with workflow enhancing tools - fast access
to results, even from prior admissions; automatic PDMP check and notifications, drug
coupon lookup and electronic send to the patient.
Fewer clicks and more efficient clinical practice are a win for patients, providers and health systems.
How would your hospitals savings compare?
How Much Could You Save?
Media Buzz: Coverage of Our Latest eReport Examining the Costs
(Human & Hospital) of Over Consulting
Do more providers increase the length of hospital inpatient stays?
- Background on Illumicare’s study and what they were looking to ﬁnd.
- Details on how the study’s data was collected and analyzed.
- How the number of physicians consults related to the patient’s length of stay.
- What does the study’s analysis mean for hospital’s and how they track physician consults?
- And much more...