Has cost containment in healthcare reached a plateau?  

While financial worries continue to plague healthcare leaders, the ability to contain costs may have reached a plateau.

A study by Kaufman Hall, a strategic and financial consulting firm, that was reported by Healthcare Dive analyzed more than 600 hospitals and found that cutting labor costs and implementing efficiencies and improvement efforts could only go so far.

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Posted by Jana Ballinger 08/15/2019 Categories: analytics HealthView Analytics

ICYMI: Microsoft SQL 2008 support discontinued, upgrade now 

Microsoft has ceased support of SQL 2008 so it's the perfect time for LUMEDX customers to make the transition to current versions of SQL Server, as well as Windows Server and Azure services, for added security and enhanced performance. 

Microsoft will provide security updates through 2022 but only if you subscribe to the Extended Security Updates (ESU) program.

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Posted by Jana Ballinger 08/08/2019 Categories: cybersecurity data security

U.S. News 2019-20 Best Hospitals use LUMEDX  

More than half of the U.S. News & World Report’s 2019-20 Best Hospitals Honor Roll and Best Hospitals for Cardiology and Heart Surgery use LUMEDX products and services.

The global authority in hospital performance rankings, U.S. News & World Report uses a multifaceted assessment of nearly every community hospital in the country spanning 25 adult specialties, procedures, and conditions. The lists are intended to be used by patients and their doctors in making informed decisions on where to seek care.

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Posted by Jana Ballinger 08/01/2019

Cost savings with same-day discharge for PCI patients 

The U.S. healthcare system could save between $200 million and $500 million per year if 50 percent of percutaneous coronary intervention (PCI) patients were discharged the same day, as reported by JAMA Cardiology. A Canadian study showed that same-day discharge (SDD) after PCI was associated with a 50 percent reduction in costs, with a mean saving of U.S. $1,086 per patient, and European studies of this subject have also reported significant savings per patient.

Yet despite the evidence, many hospitals are still missing out on this significant savings opportunity and the rate of same-day discharge after PCI remains low.

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Posted by Jana Ballinger 07/25/2019 Categories: analytics healthcare analytics patient satisfaction PCI

Data analytics tools: The struggle is real, study finds 

Data-driven decision-making for cost containment and quality improvement initiatives has increasingly proven its worth with insights empowering hospitals to make changes for the better. But progress has been stalled by gaps in interoperability and siloed data, with executives stymied and unable to use analytics to their full potential.

According to a new survey by HIMSS Analytics, only one out of four healthcare organizations are leveraging their data at an executive level on an everyday basis, and while 67.9 percent have an executive dashboard to support strategic decision-making, just 35.1 percent of those organizations are using it daily.

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Posted by Jana Ballinger 07/18/2019 Categories: analytics CVIS interoperability

Reduce CT vent time to cut costs, increase care quality 

Prolonged post-operative ventilation times drive costs higher and have an adverse effect on patient outcomes. But even with improvements in technology and care pathways, variation in vent times still plagues service line leaders.

Though numerous studies have demonstrated that early extubation within six to eight hours of cardiothoracic surgery can be a safe way of eliminating unnecessary costs and even improving quality, this opportunity is often missed, according to a report in the Annals of Thoracic Surgery (ATS). 

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Posted by Jana Ballinger 07/11/2019 Categories: best practices quality

What we’ve learned: How to save $1M in your CV service line 

The United States spends more per capita on healthcare than any other industrialized nation yet ranks at the bottom of the list for quality of care. Where some see a problem, Matt Esham sees the chance to do better.

“That delta between being the biggest spender and having the worst outcomes equals an opportunity,” says LUMEDX’s Director of Business Intelligence.

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Posted by Jana Ballinger 06/27/2019 Categories: analytics healthcare analytics HealthView Analytics performance value-based care

Meeting the Triple Aim by switching from femoral to radial access  

Although 90-95 percent of cardiac catheterizations in the U.S. are performed through the femoral artery, radial access has been found to be a safer, faster, more comfortable, and more cost-efficient approach.

Here are some of the reasons why providers should consider switching to radial access in their quest for the Triple Aim—better patient satisfaction, improved care and lower costs.

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New study puts $4.6B price tag on physician burnout 

While physician burnout’s negative effect on clinical and organizational outcomes is not quantifiable, a new study in the Annals of Internal Medicine has put a dollar figure on the cost to the U.S. healthcare industry—a staggering $4.6 billion annually.

That’s a figure that provides a clear economic incentive for those in charge to invest in ways to alleviate and remediate physician burnout, which leads to high turnover and a reduction in clinical hours billed.

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Posted by Jana Ballinger 06/06/2019 Categories: EHR electronic health records physician burnout