Lakewood, Colo.-based Pinnacle III shared three ways ASCs can use data analytics to improve operations.
Here are the key details to know:
1. Case costing. When ASCs determine the total cost of cases performed, they can subtract that number from the revenue to determine the profit or loss. Grouping cases can show the performance of certain segments within the ASC.
2. Financial analysis. Data analytics can provide a complete, consistent picture of the ASC's finances. Once the financial analysis is complete, it can be tied to case cost data.
3. Clinical analysis. Case time data can show how efficient the operating room is, which can boost clinical efficiency and improve patient safety.
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