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MedeAnalytics delivers healthcare performance management solutions that improve
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June 2009 | Healthcare Purchasing News

“Tangible financial benefits, such as increased reimbursement and reduced supply costs may be realized, according to John Hansel, vice president, product marketing for provider solutions, MedeAnalytics, Emeryville, CA, but much deeper information can be gleaned as well.
 
“‘Linking the supply chain to the revenue cycle also has the added benefit of improving strategic decision making and planning,’ Hansel said. ‘Access to actual cost information is essential for service line reporting, departmental budgeting and detailed margin analysis. Most hospitals rely on billing/claims data and cost estimates, allocated in the [decision support system] to approximate direct and indirect costs. Linking the actual costs of the supply chain to clinical activity and detailed revenue data can provide a level of granularity and accuracy that is not available in most decision support systems…’

“While sources acknowledge that supply chain and revenue cycle managers working together and linking CDMs [chargemasters] with item masters may be no-brainers on paper, it can be more challenging in practice…

“‘The hardest part for material managers can be simply cleaning up the item master,’ he [Hansel] said. ‘For example, establishing strict naming conventions, removing infrequent items and adding missing high-cost items. This can be a time-consuming process, and it must be continually maintained. One of the biggest challenges is that supply vendors often have direct access to physicians, and many items never make it onto the chargemaster, no matter how well the supply chain and revenue cycle are linked.’”
 

Source: Rick Dana Barlow, “Connecting, signing on the dotted line: Revenue cycle, supply chain links straddle the data divide,” Healthcare Purchasing News, June 2009, http://www.hpnonline.com/inside/2009-06/0906-rcscm.html.

“Linking the actual costs of the supply chain to clinical activity and detailed revenue data can provide a level of granularity and accuracy that is not available in most decision support systems…”

John Hansel

Vice President, Product Marketing,
Provider Solutions

MedeAnalytics