ezDI Makes the Case for Mature Analytics in Healthcare Cost Containment

As a leader in the field of healthcare analytics, ezDI has constantly escalated in the dimension of the market and business intelligence. The present director has shared the preview of the healthcare cost containment with the industry recently. According to the esteemed director, plans formulated by most companies do not exactly have the required level of maturity that is demanded by most employers. Putting light on the making of the case for better and well sophisticated healthcare informatics, the director argues that existing plans do not address the needs and requirements of the Affordable Care Act. In his presentation, he meticulously talks about cost containment and its importance to health care executives. The changes in the pattern are due to the notable health care reform, which according to the company is indispensable.

"Plans that do not move towards centralized tools, stronger analytics, and process integration will pay the price, and will leave potential cost savings on the table due to redundancy and inefficiency,” says the director. "The time now is to objectively assess how your efforts stack up," he says, talking about the increasing pressure on various groups effected.

The company officials talks about the importance of right evaluation to healthcare executives. “There is a need of evaluation by using the best practices of the industry and self-assessment with five components in the core of sophisticated analytics initiative,” argues the present director. The first component is the goals and priorities which define if the cost containment goals are clear and the required measurements are in place. Second component of prime importance is the analytical tools and their nature. It is also necessary to know if skilled and analytical talent is available for the development of cost containment action plans, which is the third component. In the fourth component, the company talks about the commitment of business areas for cost containment. The powers of executive leader in leveraging a cost-functional team are another key aspect. In the fifth and final component, the case study deals with the budget and the ability to acquire tools.

In the core, the company has been highly successful in using data from EMR and Transcript files for drawing various conclusions. The data that has been used from EMR and Transcript has been converted into a single structured format, which has enabled every user to draw better conclusions from the information. The entire process will power various groups to query and analyze the data available for better and thoughtful decision making. The core advantages of the case include substantial reduction in the cost and saves time on the base studies. The physicians will also be benefited as they can suggest the best medicine to patients as per requirement.