30 percent of medical bills are waste, Utah company trying to find where it goes (KUTV)
Dan Burton, Health Catalyst CEO, sat down with Salt Lake City news station KUTV and made a bold statement. Instead of seeing the usual 15 or 20 percent annual increases in health insurance premiums, in 10 to 15 years from now some patients will find their premiums actually going down. By addressing and eliminating the $1 trillion that is wasted every year in healthcare, American health systems can improve care and value for patients. But hospitals have to find that waste first; a task that has proven extremely difficult in the past. To help in this endeavor, Health Catalyst has partnered with UPMC, a leading integrated healthcare provider and insurer in Pennsylvania. Using UPMC’s activity-based cost management system and Health Catalyst’s Enterprise Data Warehouse infrastructure, analytics expertise, and professional services together will allow tracking of costs in a way that’s never been done before. This work will translate directly into improved outcomes and value for patients across the country. Watch the KUTV news story to learn more about this exciting, unprecedented partnership.
Watch the KUTV news story to learn more about this exciting, unprecedented partnership.