GE Healthcare has unveiled a new offering designed to improve profitability across the healthcare network.
The new offerings, available under the centricity solutions for financial management suite, combined software, services and a new agreement with Accenture, will help providers augment their revenue cycle operations, apply risk-based payment models and better connect with payers.
According to GE, the acceleration from fee-for-service to value-based healthcare is well underway with healthcare leaders working hard to offer better care to patients. But this means they also must check the vitals on their own operations, and according to GE, the new solution will help with this.
The new offering allows organizations to benchmark themselves against a dashboard of more than 50 key performance indicators, including bad debt write-off as a percent of gross revenue and deposit request rate for unpaid balances. The measures are used to develop a customized plan to improve organizational workflows.
“As the value-based care movement takes hold, the healthcare industry is reaching a tipping point, where operational excellence becomes a pre-requisite for a provider’s longevity,” said Jan De Witte, president and chief executive officer of GE Healthcare IT.
“Health providers need to quickly reorient their organizations with the appropriate strategies and tools to deliver better patient outcomes, while managing their operations. Our latest range of software solutions gives providers more financial transparency, using dynamic insight and foresight into the major performance improvement opportunities in their financial and risk management processes.”
GE Healthcare, US, Accenture, Jan De Witte