Healthy Data Blog


Financial impact of clinical data extraction software

Posted by Greg Gies on Apr 30, 2016 6:00:00 AM

Only meeting the minimum MU2 core measure for labs compromises clinical decisions costing $317,178 per bed each year.

Meaningful Use Stage II core measure for lab results requires that lab values are captured in structured EHR data fields for only 55% of results.  That means as many as 45% of decisions informed by test results that aren’t easily accessible or trendabale -- driving up the cost of care and compromising care quality.

Although, diagnostic tests account for only 3–5% of annual healthcare spending, the true costs should include all of the downstream activities that test results impact – a whopping $317,000 per bedroi-1.jpg annually.

Until now, capturing the remaining results required either large investments in interfaces or burdening staff with slow and error-prone data entry.

Intelligent clinical data extraction software is changing the economics of incorporating unstructured clinical data into clinical decision-making and research.

Watch this on-demand webinar, to learn how University of Wisconsin Health is using intelligent clinical data extraction software to manage unstructured outside lab results more efficiently.

   

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