Our Client Results / Healthcare Analytics
Medical Advantage Helps Orthopedic Group Manage Data and Cost
Medical Advantage’s healthcare IT team provided the necessary integration to automate the acquisition and storage of relevant data in a secure data warehouse.
of labor cost, due to automated data integration and reporting
unique, on-demand dashboard views
Focused on improving operations vs building reports
Overview of Orthopedic Group
A 14-provider, Maryland orthopedic group with three locations, and backed by a private equity firm provides services across all major specialties including trauma, sports, spine, joints, hand, foot and ankle. The practice has been serving the Washington DC, Maryland, and Virginia regions for over 50 years.
This orthopedic group faced several challenges, including some specific to its private equity firm’s backing. After an in-depth analysis, the Medical Advantage team identified three key issues:
Lack of reporting for private equity advisors and staff for day-to-day operations
Labor-intensive, manual reporting processes
Lack of consolidation between standard reports
The Medical Advantage analytics team worked closely with leadership to create the desired reports and dashboard views. Leveraging Microsoft’s intuitive Power BI platform, Azure PaaS, and Medical Advantage’s unique solution. As the presiding private equity firm identifies future acquisition targets, Medical Advantage has been retained to help assess the overall performance of identified practices and begin the process of integrating their data. The practice now benefits from flexible reports which cover:
Benchmarking between locations and physicians
Patient appointment trends
Practice revenue now broken out by payers
Executive dashboard views
“Working with Medical Advantage has made our reporting a breeze. With the time saved by the dashboards we are able to focus our energy on data-backed decision–making and enhancing patient care.”
VP OF FINANCE
Medical Advantage Can Help
Medical Advantage is an innovator in healthcare. Our years of experience, data driven strategies and in person approach drive change, improve outcomes, and maximize ROI. Our team has the expertise to provide customized, actionable solutions to decrease the cost of care and improve quality for your practice.