COST-BASED HOSPITAL BENCHMARKING & ANALYTICS
NOT AN ORDINARY BENCHMARKING TOOL
Newly released for 2020, this unique tool utilizes the cost and decision support data from participating hospitals from around the country to provide clients with true cost-based comparisons of the most critical service lines. The cost data utilized is considered to be at a high level of accuracy as it is pulled directly from the Enhanced Activity Based Costing module, not a generic ratio of cost to charge that has been the standard offering in the market until now.
DATA POINTS AVAILABLE TO FILTER BENCHMARKS
To increase the client’s overall experience and benefit from the Benchmarking tool, a web based client portal allows the filtering of the hospitals in the database in order to create more meaningful comparisons for your services.
Some of the most utilized filters include Bed Size, Revenues, Geographic Region, Teaching/Non-Teaching, Critical Access, For Profit, Etc.
YOUR DATA PRIVACY
Your organization’s data will be masked by CostFlex and your reimbursement data will not be included as this is a cost-based reporting tool. Every participating facility will be assigned a random number to identify themselves in the Benchmarking data to further insure your privacy.
HOW TO JOIN YOUR BENCHMARKING PEERS
Just a call or email to your CostFlex Representative will begin your quick process of bringing your facility online. This is typically completed inside a single business week.
The installation of this tool is 100% remote and the CostFlex Support Team will assist with the data pulls needed upfront as well as put the monthly data feeds in place for your ongoing use of this powerful reporting.