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HIPAA NewsHospitals Embrace Business Intelligence and Integration Technologies From Information Builders to Increase Revenue and Improve Patient Care(Dec 10, 2008)-- Information Builders has announced that numerous healthcare organizations are using WebFOCUS and iWay Software to bill for more revenue, reduce costs, and gain better visibility into operations to improve patient care. Information Builders has seen more than 100 percent growth in its healthcare business in 2008. Hospitals today maintain an immense amount of information that must be carefully stored, analyzed, and exchanged. NYU Langone Medical Center, Mount Sinai Hospital, Jefferson Regional Medical Center, University of Virginia Department of Medicine, Clarian Health, and others have selected Information Builders to streamline the flow of this information and to track financial, clinical, and operational performance. "Hospitals and healthcare providers depend on precise information to control costs, monitor patient trends, and ensure that patients get the quality care they need," said Gerald Cohen, CEO and founder of Information Builders. "To do this, more and more healthcare provider organizations are turning to BI and integration technologies." "Providing good care is our primary objective, but of course we want to do that within the bounds of what is reasonable and financially responsible," said Morie Mehyou, an assistant vice president of IM and decision support at Jefferson Regional. "WebFOCUS gives us the insight we need to create a more efficient operation. It is one of the best technology investments the hospital has made. The cost is minimal, and the return has been phenomenal." The Clarian Revenue Cycle Services division's current project is to implement the EDI Health Care Claim Status Request (HIPAA EDI 276). With iWay's HIPAA solution, Clarian can initiate an automatic request for information on claims past a certain date and receive back information automatically. The automation of this business process reduces phone calls and decreases administration costs for the requester. Implementing HIPAA EDI 276/277 processing will automatically generate and submit queries, eliminating the need for manual entry of individual queries or calls to a contractor to obtain this information. iWay HIPAA solution will help Clarian improve business agility, reduce costs, and eliminate inefficiencies. Using Information Builders WebFOCUS platform, Netherlands-based Plexus has created a nationwide system that delivers information about costs, reimbursements, treatment success rates, and many other key performance indicators (KPIs). The BI solution, called Pi, helps providers analyze the quality and efficiency of their primary processes, and then compares these results to national benchmarks. Hospitals using Pi may have cost reductions of up to 10 percent of their annual budgets, thanks to insight derived from the system. "All healthcare organizations strive to provide high-quality care for an equitable price. But how do these organizations know if they are achieving this goal without precise measures," asked Erik-Jan Vlieger, senior consultant at Plexus Medical Group. "We're using BI technology to give administrators and physicians a level of visibility into their facilities and processes that was formerly difficult to achieve, so they can improve the quality and value of their services." "We needed a reporting environment that was easy to use and could handle the needs of our physicians, as well as our clinical and department administrators," said Elizabeth Wildman, vice chair and chief operating officer for the Department of Medicine. "With WebFOCUS, we now have a single reporting tool to take care of our most acute business needs." NYU LMC created a Web-based Labor Productivity tool with WebFOCUS that leveraged existing payroll, billing, and budget data and delivered it in a fresh and radically useful way. The new system, a holistic combination of people, processes, and technology, empowered hospital department managers to measure and monitor labor utilization while controlling associated costs quickly and easily. It transformed what was previously a theoretical exercise into timely, meaningful, and actionable information that was a major piece in helping NYULMC achieve and maintain a major reduction in salary. The system also identified opportunities for more accurate patient billing, and a favorable labor budget, while instilling a culture of accountability throughout the organization. Using the new system, NYULMC's 230 department managers can now quickly and easily analyze the productivity of their departments with a few mouse clicks. "More than just reporting statistics," said Mary Tedaldi, RN, MS, MA and senior director of NYULMC's Performance Management Office, "the Labor Productivity tool provides management with a structured approach to understanding the root cause of favorable and unfavorable results and taking corrective action where necessary." For more information, please Visit http://www.informationbuilders.com.
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