Technology is continually changing the world of medicine. It’s a daunting task to manage a service line, ensuring optimal care while managing financial performance.
Nowadays, hospital management systems can make life a bit easier. But, medical care is costly and raising fees is not conducive to a competitive market where hospitals compete for patients. And, the only way to remain competitive is by offering premium care while controlling the bottom line. However, most hospital management systems are not analytic tools. They are not designed to provide actionable insights into managing clinical and financial variation.
This is where Dynafios differs. We bridge the gap between just creating more data and actually using the right data to gain valuable insights.
4CAST Analytics Platform Modules
The intuitive and interactive Dynafios 4CAST Analytics Platform allows users to easily filter and drill down to charge level detail. No other system offers such flexibility and ease of use. You can get started in minutes.
Features
Program Effectiveness
Dynafios 4CAST Analytics Program Effectiveness module provides year over year trends of specific key performance indicators within a service line. Discover your organization’s financial health, volume, contribution margin by physician and service line:
- Patient volumes
- Patient demographics
- Contribution margins
- Payor mix
Provider Performance
Leverage technology and real-time data to improve clinical and financial performance. This module offers a complete 360 degree view into individual and group provider performance, offering keen insights to opportunities ripe for improvement. This healthcare analytics module measures the quality of physician services and helps identify top performers. Quickly view real-time physician performance and:
- Review financial, operational and quality performance metrics
- Assess individual or group level performance
- Discover opportunities for improvement
- Identify top performing physicians
Variation Management
Managing variation in healthcare is an important factor when measuring the efficiency and effectiveness in care delivery and the cost associated with that care. By measuring variation and utilization, health care organizations can identify opportunities to reduce costs and improve clinical outcomes. Best practices can be created to ensure a continuum of quality care while simultaneously optimizing utilization, lowering costs and reducing waste. 4CAST features:
- A 360 degree view into real-time operational, clinical and financial variations
- Real-time monitoring of cost variations by physician over specified time periods
- A comprehensive method to identify opportunities for improvement and better manage variation
- A precision tool to predict the cost of care
C2i Physician Alignment
Dynafios 4CAST employs the C2i process, a holistic enterprise-wide Physician Alignment program. Unlike siloed co-management programs, this unique approach ensures initiatives are disseminated throughout the organization. A C2i Council is formed and through Physician Ambassadors, education and quality initiatives are shared, ensuring quality, care and financial improvements throughout the organization.
- Create a dashboard of self-defined key performance indicators (KPIs) to measure goals
- Monitor real-time changes to operational, clinical, financial and strategic KPIs
- Performance is measured individually and as a collective, with quarterly incentives for both
- End-to-end momentum for change that is quantifiable and effective beyond the service line
Provider Based Index
Dynafios makes evaluating providers easier through a comprehensive healthcare analytics module specifically designed to create an objective Provider Based Index. Scoring is derived from quantifiable measurements and by using the Dynafios proprietary algorithm. Dynafios 4CAST healthcare analytics for Provider Based Index offers:
- A 360 degree view of provider performance
- A objective ranking system to measure and identify the best aligned provider(s)
- The ability to compare physician education, engagement, financials and clinical effectiveness
- A quantifiable methodology to better manage and mitigate risk
Bundled Payment Analytics
The shift to value-based care has driven the redesign of reimbursement models to stress accountability for care quality and cost. Bundled payment arrangements are designed to pay multiple providers for coordinating the total amount of services required for a single, pre-defined episode of care. With Dynafios 4CAST healthcare analytics Bundled Payments module, providers and health systems can easily identify opportunities for improvement, drivers of variation and real-time monitoring of results to:
- Provide guidance into the clinical process
- Gain insights into improving clinical outcomes
- Discover areas for financial improvement
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