To run efficiently and use the money they earn to improve the health of a community, healthcare institutions must manage their revenue cycle well. Crystal Run Healthcare, one of the fastest growing multi-specialty group practices in the country, anda physician-led accountable care organization (ACO), is committed to ensuring that the dollars it earns serve its patient population and are not wasted on inefficient processes. To that end, Crystal Run recognized that to minimize manual reporting and make quick, well-informed decisions related to revenue cycle management, they needed to employ analytics. With the implementation of an advanced analytics application, on top of their EDW platform, this ACO now accesses data up to 99% more quickly, has reduced staff time to identify variance root causes by 97%, and is actively identifying financial management improvement opportunities.
Crystal Run Healthcare
Crystal Run Healthcare—a physician-led Accountable Care Organization (ACO) and one of the first ACOs to participate in the Medicare Shared Savings Program—is experiencing the long-anticipated shift toward more value-based reimbursement. To ensure financial stability as they assume more risk, Crystal Run is implementing a strategy focused on rapid growth and aligning physician reimbursement with favorable patient outcomes. To effectively execute on this strategy they knew they needed to become more data-driven. Learn how this ACO is using advanced analytics to execute on their population management and growth strategies with a focus on continuous improvement in the following areas: 1) Ensuring patient care aligns with evidence based practices, 2) reducing clinical variation, 3) enhancing operational efficiency, analyzing data from a “single source of truth” integrated from their EMR, billing, costing, patient satisfaction and other operational system, and 5) making “self-service analytics” available to decision-makers to decrease time to decision.
Integrating EHR data into a healthcare enterprise data warehouse (EDW) can take years, depending on the EDW platform and data model. Crystal Run — a physician-owned medical group in New York with more than 300 physicians in 40 medical specialties — couldn’t wait that long. They need a solution that could integrate their EHR data in a matter of months, not years. Using a late-binding model, Crystal Run was able to integrate their EHR data in just 77 days, with easy-to-use tools for data acquisition and storage and metadata management.
Many healthcare organizations are facing the decision to buy or build an enterprise data warehouse (EDW). Their home grown solution can’t scale to meet their growing healthcare analytics needs for population health and accountable care organizations. But, how do you they make the decision to buy or build. Learn how Crystal Run Healthcare, a physician-owned medical group in New York with more than 300 physicians in 40 medical specialties — made the decision to set aside its legacy EDW in favor of buying the Health Catalyst Late-Binding™ Data Warehouse and launched a scalable, cost-effective and platform in 54 days.