LancetHealth - Business Intelligence for Healthcare
BUSINESS INTELLIGENCE FOR HEALTHCARE BI is hard; BI for healthcare is even harder. The consequences of bad data escalate from merely embarrassing to potentially life-threatening in the healthcare industry. Having accurate data is critical. LancetHealth™ is a unique service placed firmly where healthcare and BI meet.
Good healthcare organizations use data to measure how well they're performing. Great healthcare organizations rely on data to consistently improve performance, predict potential obstacles and make important business decisions. LancetHealth drives informed decision making and comprehensive business insights for small to mid-sized healthcare plans using data visualizations and dashboards.
MIDWEST HEALTHCARE BUSINESS INTELLIGENCE SUMMIT
Lancet is a proud sponsor of the Midwest Healthcare Business Intelligence Summit.
THE RIGHT PEOPLE, THE RIGHT RESULTS
Healthcare organizations are quickly learning that great business intelligence isn't an "out of the box" solution. It takes a carefully constructed plan, precise execution and diligent maintenance from experts who understand the healthcare industry, business objectives and BI initiatives.
LancetHealth Consulting Services can assist you with any and every step of this process, whether you're starting from the ground up, making enhancements to your existing platform or just troubleshooting. As an industry leader in business intelligence strategy, execution and support, LancetHealth Consulting Services delivers consultative and technical expertise to small to mid-sized healthcare plans. Our consultants are BI experts, averaging over 15 years in the healthcare industry, ensuring you receive business-minded solutions with practical applications.
LancetHealth consultants are passionate about business intelligence and can contribute individually, or as part of a team. We are the BI champion's best ally, ensuring the power to realize a vision and deliver on a promise. To help you meet your business objectives, you can customize your LancetHealth Consulting Services:
- Deliverable-Based Projects
- Staff Augmentation
- Managed Services
Our flexible structure allows you to utilize our expertise in the manner that best meets your needs.
GET STARTED ON THE RIGHT TRACK
LancetHealth was designed to maximize productivity, minimize installation hassles and realize benefits within weeks. The LancetHealth Starter Kit is a packaged analytic solution for small to mid-sized health plans that includes an experienced consultant, a data model and a series of reports & dashboards that can lead to:
- Measureable Improvements to Operations & Your Bottom Line
- Discovery of Untapped Revenue Sources
- Identifying Areas of Cost Reduction
- Increased Quality of Outcomes
- Solutions for Sustainability
- Data-Supported Decisions
DASHBOARDS MAKE ALL THE DIFFERENCE
Rife with mountains of data waiting to be analyzed, the healthcare industry is data rich and information poor. Data visualizations, dashboards and scorecards can translate enormous amounts of complex information into meaningful insights and beneficial discoveries in the many areas listed below.
IT'S ALL ABOUT THE DATA MODEL
A data model that supports your needs is crucial to having relevant and timely information. Having worked with a large number of healthcare organizations, LancetHealth can structure your data model to support your business needs. The Healthcare Data Model (HCDM) was designed specifically for small to mid-sized health plans and provides a solid foundation from which to begin customizing.
AREAS OF ANALYSIS
Operational Performance & Cost Management
- Understand current state of business at a glance
- Review top level information and detail in one report
- See opportunities for improvement quickly
PMPM/PEPM Optimization Analysis
- Determine trends in PMPM/PEPM quickly
- View PEPM or PMPM for the most appropriate audience
- Identify areas of opportunity
Claims Analysis
- Utilize robust Cost and Utilization reports
- Review pending and appealed claim counts
- Show high cost claims/groups
Claims Lag Analysis
- Determine claim lag status quickly
- See the trending of claims lag
- Discover the source of claims lag
Claims Error Analysis
- See impact of error in claim adjudication process quickly
- Determine source of claims error for future process improvement
Sales Analysis
- Determine renewal groups at a glance
- Look at profitability of the group quickly
Financial Analysis
- Gain access to data for complete financial analysis capabilities
- Take advantage of robust financial reports based on employer group and product
- See the influence of new products on bottom line
Financial Management Analysis
- See financial key performance metrics at a glance
- Understand impact of operating costs on margin
- Determine profitable versus unprofitable products quickly
With LancetHealth you will understand the opportunities and challenges facing your healthcare organization and why they exist, allowing you to not only sustain, but grow and improve. Contact us to learn more about the many ways we can improve your BI program's results and increase your ROI.