Improving care and financial performance — they aren't mutually exclusive

Brenda Stewart, Director of Marketing, Strata Decision Technology - Print  | 

A recap of the National Symposium on Value Innovation at Yale.

Yale-New Haven (Conn.) Health System recently hosted its first National Symposium on Value Innovation to discuss how the role of collaboration, innovation and data integration can enhance care delivery. More than 200 healthcare professionals attended the event to hear perspectives from industry experts as well as medicine, business and engineering professors from Yale University.

All of the speakers reinforced the fact that collaboration was the key ingredient in delivering better patient care and reducing avoidable care variation. A key finding is this can be accomplished while simultaneously improving financial performance. Yale recently employed a quality first approach to drive more than $150 million in sustainable savings while improving clinical outcomes. They tied together clinical data from their Epic EHR and cost data from their Strata Decision Technology cost accounting system to understand the financial impact, from both a cost and margin perspective, of quality variation.

Experts shared insight on topics such as:

Experts shared the following model that they use to deliver on their clinical and cost targets:

To receive more information on next year's National Symposium on Value Innovation at Yale, please visit http://www.yalevaluesymposium.org/

Learn more about Strata Decision Technology.

 

 

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