Evidence-based Decisions: For the first time, hospitals have instant access to actionable information on cost, quality and outcomes across the entire patient experience.
Clinical IQ solves the disparate data problem in healthcare: enabling visibility into normalized, synchronized and integrated data from the materials, clinical, financial and billing systems – all in a single web-based tool.
Clinical IQ is a web-based technology solution that connects clinical and perioperative data with actual supply cost and reimbursement data at the procedural and line item level. For the first time, hospitals have access to clean data across the entire continuum of care, empowering decision-makers with insights to measure practice variation and profitability, as well as unveiling the relationship between supplies and reimbursement.
Eliminating the need for costly IT implementation, Healthcare IQ captures, normalizes and enhances the disparate data, then ties it to the HCIQ Data Warehouse, where the data is further enhanced with industry-leading benchmarks, clinically reviewed equivalents, and calculated metrics. Healthcare IQ fixes the information gaps that lead to inaccurate assumptions, eliminating bad data, linking disparate data sets and creating streamlined analytics.
With Clinical IQ, hospitals have access to high-integrity data to drive smarter decisions. This high-performance tool provides users with:
- Immediate access to the most robust spend data warehouse in the industry – connected to the hospital’s clinical, operational and financial databases
- Comparative analytics including benchmarks, market share and profitability by service line, procedure, physician, reimbursement
- Ability to identify key data points critical in driving appropriate resource consumption, preserving quality and supporting desired outcomes
- Metrics needed to garner support and encourage collaboration among key stakeholders, including administration, physicians and patient care professionals