For Immediate Release


Truven Health Analytics Announces New Solution to Control Outpatient Costs

New Outpatient Analytics Give Hospital Administrators Critical Data for Improving Cost and Quality of Care


Ann Arbor, MI, Nov. 29, 2012 — Truven Health Analytics℠, formerly the Healthcare business of Thomson Reuters, today announced the release of its new Care Comparison Outpatient Executive Reports. The reports help hospitals control spending and improve quality of care by providing critical outpatient data regarding physician utilization, competition within a selected market, and differences in procedure costs.

The reports will be issued to participating hospitals on a quarterly basis and include information that allows administrators to do the following:

  • Analyze Service Line and Top Procedure Volumes: Care Comparison will report the number of outpatient procedures performed by a hospital, categorized by clinical and technical service and physician, as well as list of the highest volume and charge for outpatient procedures.
  • Gain Market Share Advantage: The reports will list the highest volume and charge for outpatient procedures for both the hospital and its top competitors.
  • Calculate Charges and Estimated Costs: Based on approximate cost-to-charge ratios calculated from the hospital's most recent Medicare cost report, Care Comparison will include the sum total of actual charges submitted by their facility.
  • Compare Estimated Costs to Benchmarks: The reports will include comparisons of estimated costs-per-case in order to allow the hospital to established benchmarks.
“In the current economic climate, hospitals’ ability to control spending while still being able to enhance care is paramount, ” said Tim Logan, manager, state associations at Truven Health Analytics. “The information that Care Comparisons Outpatient Executive Reports provides will be integral in the development of outpatient services that promote the best outcomes.”

For more information on the Outpatient Reporting offering, please click here.



About Truven Health Analytics, part of the IBM Watson Health Business

Truven Health Analytics an IBM Company, delivers the answers that clients need to help them improve healthcare quality and access while reducing costs. We provide market-leading performance improvement solutions built on data integrity, advanced analytics, and domain expertise. For more than 40 years, our insights and solutions have been providing hospitals and clinicians, employers and health plans, state and federal government agencies, life sciences companies, and policymakers the facts they need to help them make confident decisions that directly affect the health and well-being of people and organizations in the U.S. and around the world.

Truven Health Analytics owns some of the most trusted brands in healthcare, such as MarketScan®, 100 Top Hospitals®, Advantage Suite®, Micromedex®, Simpler®, ActionOI® and JWA. Truven Health has its principal offices in Ann Arbor, Mich.; Chicago; and Denver. For more information, please visit http://truvenhealth.com.



MEDIA CONTACTS:

Brian Erni
For Truven Health Analytics
J. Roderick, Inc. Public Relations
brian@jroderick.com
631.584.2200