After extensive research and development hours, CostFlex is in the final stages of releasing our “Cost-Based Benchmarking” application. By using side by side comparisons of 30+ hospital organizations at once, the application will shed light to where a hospital's costs compare to their peers.
CostFlex had been anticipating a showcase for this application at the 2020 User Group Conference in Florida, but since it was cancelled due to COVID-19, we are presenting the application through a client wide Webinar on Friday, April 24, 2020 at 2pm CDT.
All hospitals in the benchmark will be using the CostFlex tools so the data sets will be uniform with “real costs and the same methodologies” and will not rely on the Medicare RCC approach used by other generic data benchmark tools available.
For client hospitals to see their costs and product lines compared, each hospital will have to agree to participate in the effort and submit data. CostFlex Support representatives will assist with pulling Hospital data from their CostFlex databases and all patient data will be masked for privacy.
All current clients interested in participating, please contact CostFlex for a demonstration of the application and assistance in data submission.