Innovaccer, a San Francisco, CA-based healthcare data platform has announced the launch of Provider Utilization Portal, a free tool that presents a nation-wide view of healthcare utilization, in-depth analysis of benchmarks, best and worst performing measures for inpatient, outpatient, and SNF services directly linked to the cost incurred on each benchmark- all compared against the national and state benchmarks.
Skyrocketing healthcare services costs have made it critical for providers to understand major cost drivers and manage their expenditures. With three years of deeply researched data, the tool delivers in-depth trend analyses on benchmarks, best/worst performing measures for inpatient services, outpatient services, and SNFs.
The tool incorporates data for over 700 Diagnosis-related Groups (DRGs), 25+ Ambulatory Payment Classification (APCs), and more than 65 Resource Utilization Groups (RUGs). Data from over 3,000 provider organizations have been collated to emphasize the following key metrics and their impact on outcomes:
– Case Mix Index-based comparisons
– DRG performance for inpatient services
– APC performance for outpatient services
– SNF performance
– DRG deviation in length of stay (LOS) and readmissions; with respect to national and state benchmarks
– Hospitals with least LOS
– Risk-adjusted charge per beneficiary and per day for SNFs
– Average LOS in SNFs
– Average total payment trends
– Provider payment performancea
– High and low performing measures for each practice
Transforming healthcare requires providers to rely heavily on data to evaluate the impact of various interventions, but excessive and disorganized data has limited action. By leveraging Innovaccer’s data platform, the tool ingests, normalizes, and analyzes multiple disparate datasets to deliver actionable insights in a user-friendly interface.
Through heat maps, scatter plots, bar graphs, and other visualization techniques, the Provider Utilization Portal offers both high-level snapshots and facility-specific analysis to enable transparent and data-backed decisions.
“With an increased focus on capitation and value-based care payment models, it has become paramount to understand the cost drivers and their impacts,” says Abhinav Shashank, CEO at Innovaccer in a statemnet. “Data is growing by the second in healthcare and separating noise from useful information with a pioneering data platform and analytics is a priority. Our newly launched tool is a part of our commitment to drive efficiency in the entire space as a whole.”