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Related Experiment Videos

EDI helps PHOs meet information needs.

J J Moynihan1, P H Cole-Everson, A Stengel

  • 1McLure-Moynihan, Inc., Sherman Oaks, CA, USA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|December 9, 1995
PubMed
Summary
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Physician-hospital organizations (PHOs) struggle to access comparable patient service data for contract profitability analysis. An inexpensive electronic network successfully enabled one PHO to gather essential financial management information.

Area of Science:

  • Healthcare Management
  • Health Informatics
  • Financial Analysis

Background:

  • Physician-hospital organizations (PHOs) require comparable data on patient services for contract profitability analysis.
  • Availability of such comparable data is a significant challenge for PHO financial management.
  • Diverse regional organizational structures can further complicate data collection.

Purpose of the Study:

  • To address the challenge of obtaining comparable patient service data within PHOs.
  • To evaluate the effectiveness of an electronic network in facilitating data acquisition for financial management.
  • To demonstrate a solution for improving contract profitability analysis in PHOs.

Main Methods:

  • Implementation of an inexpensive electronic network connecting PHO participants.

Related Experiment Videos

  • Systematic data collection on the type and volume of patient services provided under contracts.
  • Utilizing the network to aggregate and analyze financial and operational data.
  • Main Results:

    • The implemented electronic network successfully provided access to previously unavailable patient service data.
    • The system enabled the PHO to obtain crucial information for analyzing contract profitability.
    • The solution proved to be an inexpensive and effective method for data acquisition.

    Conclusions:

    • Electronic networks can overcome data accessibility challenges in PHO financial management.
    • Improved data availability allows for more accurate contract profitability analysis.
    • This approach offers a scalable and cost-effective solution for healthcare systems.