Many health systems have sought to grow and adapt to new value-based delivery models like accountable care organizations (ACOs) by acquiring physician practices. In order to determine the value of each practice, it is imperative that hospitals assess the total economic picture of service lines from the clinic to the hospital – or more simply stated, the downstream value. However, few hospitals support their downstream revenue assumptions with data. This data-driven insight is invaluable for making informed strategic decisions which could have a potentially large impact on the hospital’s growth and budgeting initiatives.
Determine the True Value of Each Practice
One of the main factors that is hindering physician financial performance improvement is the lack of a good analytical tool to measure the downstream value or the true impact a physician has on revenue and profitability within the health system.
In order to determine the value of each practice, it is imperative that hospitals assess the total economic picture of service lines from the clinic to the hospital, or more simply stated the downstream value.
Unfortunately, few hospitals support their downstream revenue assumptions with data. This data is invaluable for making informed strategic decisions which can have a potentially large impact on the hospital’s growth and budgeting initiatives.
nThrive Analytics Downstream Analyzer is a web-based analytics product that calculates the downstream value of employed physician groups. The hospital and physician data is consolidated at the patient level to construct an accurate and comprehensive, longitudinal analysis of physician utilization and revenue.
Downstream Analyzer provides across the continuum view that assists in strategic planning as it pertains to physician acquisition, alignment and performance management initiatives. It allows you to accurately measure a physician’s cross-continuum revenue impact, identify opportunities for improvement, and develop & implement changes to improve physician-hospital alignment.
“Downstream Analyzer determines the downstream value of an employed physician. Unlike any other solution, it consolidates hospital inpatient, outpatient, and post-acute data with physician data and gives unprecedented visibility into the value provided by a physician practice or hospital service.”
– Trevor Kobe, President of Analytics, nThrive
Downstream Analyzer gives you visibility into every level of your organization’s downstream revenue including by service line, provider type, patient type, and more. At every level, you have a consolidated view of initial and subsequent charges as well as any other downstream metrics you choose.
In addition, you also have the ability to drill down deep to the DRG level. As a result, you can view every encounter a patient had with a physician and which encounters led to subsequent encounters throughout your organization. Thus, providing you with a complete view into the downstream revenue.
Downstream Analyzer provides its users with the ability to compare their data to industry benchmarks from other hospitals that are experiencing similar challenges. Benchmark access provides a more accurate comparison, which in turn, will lead to more informed strategic decisions.