Understanding how the different processes within a hospital’s workflow impact overall revenue and efficiency is critical to remaining competitive − and profitable − in an increasingly competitive market. Adding to the complexity of this landscape is regulatory compliance, itself becoming more complex as facilities must address evolving requirements driven by all levels of government. Without balancing performance with compliance and proper revenue management − lowering costs, driving productivity, and ensuring positive cash flow − organizations simply cannot survive. 3M Health Information Systems Performance Improvement offerings combine several proven products to help organizations achieve the proper balance between compliance and revenue management, all while strengthening performance.
3M Performance Management Benefits
- Integrated tools for early identification of improvement opportunities
- Severity- and risk-adjusted data for an accurate picture of patient complexity
- Comparisons to severity-adjusted normative data for accurate analysis and peer group profiles
- Efficient tracking, trending, and reporting on CMS indicators, hospital-acquired and other infections, and disease outbreaks
- Comprehensive root cause analysis processes via in-depth analysis, assessment, and documentation of patient care issues or sentinel events
- Enables compliance with The Joint Commission’s Core Measures, CMS indicators, and state-mandated quality reviews
- Analysis of patterns of adverse events that impact patient safety and revenue
- Supports federal, state, local compliance
- Increases efficiency and quality of required reporting
- Severity- and risk-adjusted data analysis of a pediatric department revealed a much sicker patient population, with resulting evidence that the department was seriously under-reimbursed and under-credited for its quality of care
- Realized dramatic reductions in cost by eliminating unnecessary extra patient days
- Immediate access to trending data for occurrences, events and outcomes
- Reduced length of stay by providing early identification of infections
- Reduced reporting time of potential exposures from three to four weeks to less than 24 hours
- Saved ”several hours” each day for internal and regulatory reporting requirements
- Enabled online reporting of incidents, including alerts for occurrence reports
- Met reporting requirements of the Pennsylvania Patient Safety Authority (PA-PSRS) for online reporting of risk events
- Efficient Joint Commission data collection/submission
"Using DRGs, our case mix index—or CMI—would not have gone up at all. In fact, if you looked at the national data, it looked like our CMI was in decline. Using 3M™ APR DRGs over the last three years, our CMI has gone up 9.7 percent. And in Maryland, at Hopkins, each percent of increase in CMI is worth about $6 million."
—Director of Case Mix Information Management, Johns Hopkins Health System
"We love Risk Manager because it is very flexible, easy to use and completely customizable. The technology is tremendous."
—Director of Performance Improvement, PinnacleHealth
"Between 1996 and 2005, major improvements in length of stay for the hospitals occurred. The length of stay difference between the actual and the severity-adjusted national benchmark for 2005 was reduced by 82.3 percent for adult medicine and by 95.2 percent for adult surgery."
—Executive director, Hospital Executive Council, Syracuse, New York
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