As incentives change in healthcare, providers need a far more accurate accounting of the costs of items, both large and small, to better manage declining reimbursements. Several startup companies are rising to meet these challenges for tracking elusive costs figures in healthcare.
While some critics question whether new firms have the ability to handle the intricacies of enterprise-wide cost analysis, the raw data is already there – EHR platforms, said Chilmark Research analyst Rob Tholemeier. Information in EHR systems not only gather clinical data, but also collect time logs and other essential elements for detailed cost and variance analysis.
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