DATA, ANALYTICS & AUTOMATION for better healthcare

Amid Rapid Growth, Large Southwest Health System Selects Amitech Solutions for Data Analytics Project

September 26, 2022 (ST. LOUIS) – Amitech Solutions, an award-winning healthcare data, analytics and automation consulting firm, is honored to announce a new data analytics partnership with one of the largest nonprofit healthcare systems in the country. The collaboration between Amitech and this southwest-based healthcare provider will give them insights into how their prices and reimbursement in several key markets are perceived by major commercial insurance plans. By utilizing commercially available claims data and Amitech’s healthcare analytics expertise, this provider will enter future price negotiations with greater strategic knowledge and exit them with greater confidence in their financial and market positions. 

With rising healthcare costs in the US, this 30+ hospital system needs more visibility into competitive pricing data for medical procedures in the areas it serves. The health system selected Amitech to facilitate this project based on Amitech’s expertise in price transparency data analytics. 

In a time of soaring healthcare costs, healthcare providers and payors are utilizing pricing data to reduce avoidable expenses. Last year, The Public Health Service Act started requiring hospitals to publish their payor-negotiated rates for at least 300 shoppable services, but the data has been supplied in widely varying formats making it hard to consume and nearly impossible for most organizations to integrate. Many customers turned to Amitech to gain deeper insights into the market-wide pricing variations and bring equity into payor/provider contracts. 

“Amitech is thrilled to work alongside this large health system to help them better understand their reimbursement position,” said Amitech VP of Data Analytics, Paul Boal. “Our goal at Amitech is to improve healthcare for all, especially during a time of skyrocketing healthcare costs and downward pressures from a shrinking workforce.” 

About Amitech
Amitech is an award-winning data, analytics and automation healthcare consulting firm. At Amitech, we believe healthcare can and should be better. With a single-minded focus on value, we combine people, process, culture and technology to drive real and lasting change. We partner with our customers to deliver data, analytics and automation strategies and solutions to make healthcare more proactive, higher quality and less expensive for everyone.

https://amitechsolutions.com/blogs/amid-rapid-growth-large-southwest-health-system-selects-amitech-solutions-for-data-analytics-project/