Gartner Research

Healthcare Provider CIOs: Improve Margins With Cost Analytics

Published: 18 January 2019

ID: G00374200

Analyst(s): Brad Holmes, Bryan Cole

Summary

Limited visibility into the true costs of care hinders clinical and business leaders’ ability to manage financial margins. Healthcare provider CIOs must help by deploying real-time cost analytics to illuminate the path to meeting their CEOs’ financial objectives.

Table Of Contents

Analysis

  • Changing Healthcare Delivery Dynamics Require a Commercial Perspective
  • Cost Accounting Systems and Analytics Are Critical to Meeting Top Financial Performance Goals
  • Legacy Cost Accounting Systems Require Significant Manual Effort
  • Next-Generation Cost Analytics Deliver Automation and Precision
  • Examples of Cost Accounting and Cost Analytics Solutions Vendors
  • Recommendations
    • Determine How to Optimize Continuous Cost Reduction Efforts
    • Zero In on Your Enterprise’s Cost Analytics Requirements
    • Evaluate Your Current Costing Solution’s Capabilities — Are Your Peers Fully Exploiting Available Capabilities or Is Your Capability Becoming Obsolete?

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