Charlotte-based Premier Inc. has introduced a new technology that it says uses clinical outcomes to predict the financial impact of federal payment programs on health care systems.
Premier Quality Cycle Management analyzes which facilities, clinicians and clinical outcomes impact reimbursements, as well as how similar health care systems perform. According to a statement from the company Thursday, the new technology also offers Premier’s advisory services on how the system can improve.
“In today’s environment, health systems cannot afford to leave to chance the link between quality performance and financial performance,” Richard Bankowitz, Premier’s chief medical officer, said in the statement.
Premier’s new technology tracks reimbursement for the Centers for Medicare & Medicaid Services’ Hospital Value-Based Purchasing program, and it is currently adding capabilities to measure for the CMS Hospital Readmissions and Hospital-Acquired Condition Reduction Programs.
Premier Quality Cycle Management will officially be debuted next week at the company’s annual Breakthroughs Conference and Exhibition in Washington, D.C.