Las Vegas, NV (PRWEB) December 15, 2005
Considered as a whole, the annual cost of treating Americans with CVD currently exceeds US$240 billion, which is the most spent on any single disease category. The indirect cost of CVD is just as staggering—each year the morbidity and early mortality attributed to CVD represents a drain of over US$150 billion from the U.S. economy in the form of lost productivity. This is a huge burden borne by U.S. employers and reduces American competitiveness around the world. With these resources at stake, any technology that can aid in improving quality and reducing cost of cardiovascular care stands to make an important contribution to both the health and the economy of the nation. Fortunately, there are a growing number of information management tools proven to help hospitals and physicians reap these rewards.
In cardiovascular care, whether you are linking costs to outcomes, establishing fair-market compensation for a joint venture, or negotiating performance-based physician compensation, a common element of all of these efforts is the need to build a foundation of credible and actionable information. The key to obtaining this information is the effective deployment and management of a CVIS—cardiovascular information system. Unfortunately, less than 15% of hospitals in the U.S. have a robust, integrated solution for their cardiovascular programs, which (next to radiology) is the largest producer of patient clinical and financial data. This effectively handcuffs many decision makers and exposes an institution to significant risk if it acts upon faulty data in its dealings with physician partners, insurance companies, and others.
In response to the need for sound advice and analysis on how hospitals and physicians can use CVIS technology to improve the quality and profitability of cardiovascular care HealthGroup West has published a new white paper. Free copies of “Gaining a Competitive Advantage through CVIS: An Executive Guide to the Top Strategic Applications of Cardiovascular Information Systems” are available upon request. The study provides cardiovascular leaders with a framework to evaluate the appropriateness of pursuing a variety of different CVIS strategies in their own programs.
According to Kevin Curtis, a partner at HealthGroup West, “There are countless opportunities for hospitals and physicians to use CVIS to improve their quality and competitiveness, though it does require an up-front investment of time and effort. Those that make this investment will become more profitable as a result.”
“We have observed that, through CVIS-driven initiatives, hospitals can increase market share while simultaneously reducing their cost per case”, says Jeffrey Frazier, also a partner at HealthGroup West, LLC. “Proper application of CVIS tools can make the difference between generating a profit and running in the red.”
HealthGroup West is a cardiovascular consulting firm focused on the development and improvement of cardiology, cardiac surgery, electrophysiology, and vascular medicine services. With clients ranging from physician practices and community hospitals to major health systems, HealthGroup West is one of the most experienced groups of consultants in the country on the development of all types of specialized cardiovascular services.