Hospitals are facing major challenges in the next few years as the demand for healthcare services will change and grow. They face several issues including revenue growth and profitability needs, industry consolidation, and a population that will soon reach their greatest healthcare need years.

On top of the healthcare macro issues, hospitals must deal with a variety of issues and opportunities that include patient acquisition, quality, staff turnover, payer complexity, and cost pressure as they work to serve their patient’s needs by providing exceptional patient care.

Before hospital staff can work on improving these areas, they need to be able to accurately understand their current state, search out care improvement opportunities, and measure their progress against their care and business goals.

As a healthcare data and analytics consulting partner, 2nd Watch helps hospitals to design and implement hospital data analytics solutions to drive performance and value. Our strategy-first approach means that our technical solutions help care leaders, business staff, and other hospital personnel to access and analyze the data they need, when and where they need it.

Benefits:

• Improve revenue cycle management

• Reduce patient care leakage and out-migration

• Improve and automate external reporting (e.g., CMS, payer, quality, etc.)

• Drive insight into utilization management and profitability analytics

• Strengthen payer contracting and negotiation

• Increase cash flow through more efficient supply chain management

• Reduce caregiver turnover

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