Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations, and is committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as analytics software and professional services expertise to make data-informed decisions and realize measurable improvements.
To be the catalyst for massive, measurable, data-informed healthcare improvement
Type of Organization
Vendor - i.e. Established companies, non-startup
Size of Organization
Organization Mailing Address
3165 Millrock Drive #400
Salt Lake City, UT 84121
CORUS Activity-Based Costing Suite
Health Catalyst has partnered with industry-leading health systems to develop a next-generation costing system: the CORUS™ Suite. For the first time, CFOs, physicians, service line leaders, and clinical and financial analysts can dig deep into the true cost of providing care across the continuum and relate those costs to patient outcomes.
The CORUS Suite leverages Health Catalyst’s DOS™ platform and best-of-breed, activity-based costing models to manage the true cost of care across the continuum—information critical to succeeding in the new reimbursement world. Using the true drivers of cost, healthcare systems can drive meaningful budgets and integrated, accurate performance management.
This suite brings together Health Catalyst’s deep costing, budgeting, and labor expertise and the analytic power of the CORUS applications.
• Faster, more streamlined processes save time and reduce errors – The CORUS: Costing interface guides the finance team through the costing process—including validation—to save time and reduce errors
• Transparency into your costs – Integrated and aggregated data from your EMR, clinical, financial (claims, GL, payroll, supply chain, etc.), patient satisfaction, operation, and other data sources enable you to identify actionable insights into the real drivers of cost variation
• Costing data shared with the masses – With costing data readily available, analysts can more quickly respond to financial questions and problems reported by the organization and leadership
• Trend, compare, and validate your costs – Using embedded reporting, you can view trending charges, payments, and other data points; compare costs between service lines, specialties, etc.; and validate your costing to ensure accuracy
Use Case Example:
• The cost accounting team has been asked to generate cost data for a new facility after acquiring a new hospital. The team configures and validates the data for the new hospital and runs an analysis to have this facility included in the costing process. This gives the health system early and actionable insights into the operations of their acquisition for better decision making. Based on the information in the system, an analyst noticed that a new Operating Room had significantly more data quality overrides for long-running cases when compared to other ORs already configured in CORUS: Costing for a typical month. The cost accounting team followed up with the department manager about the organizational best practice for entering wheels-out time in the EMR at the end of the case. Using data quality reports, they were able to track the decreasing number of overrides over a few short months and monitor each month going forward.
Category of Innovation
Innovative Services - Innovative services include new processes, policies or procedures in the health care system that do not fall into the other health care innovation categories
Intended End User
Provider - Individuals or organizations responsible for providing care to patients (e.g. doctors, nurses, hospital/clinic administrators, etc.)
Problem (i.e. barrier, issue, complication, etc.) being solved for the end user
With leaner margins and fewer resources, healthcare organizations can't adequately manage costs with traditional costing approaches that rely solely on RVUs. In the new reimbursement landscape, leaders need costing systems and data that can answer targeted questions and generate actionable insight.
Idea/solution to the problem, if applicable
Based on more granular data EMR, claims, payroll, and more, CORUS: Costing uses activities—not just RVUs—to deliver an accurate, comprehensive view of all your costs. CORUS: Costing provides a streamlined interface that guides your cost accountants through the costing and validation process.
The reports available in CORUS: Costing serve up the timely, actionable knowledge critical to improving outcomes today and sustaining the organization over the long term. These reports deliver an understanding of the true cost of the services healthcare systems provide, aggregating data from multiple source systems to reveal costs—and improvement opportunities—across the continuum by procedure, provider, and patient.
Level of adoption (i.e. list of customers/users, testimonials, etc.), if applicable
Impact (i.e. measurable outcomes), if applicable
Cost challenges in healthcare are threatening the future of many healthcare organizations and their ability to effectively care for patients. UPMC took on these challenges by partnering activity-based costing and service line operations to gain insight into cost and clinical variation.
• $3 million cost savings/avoidance over 2 years through the implementation of the ERAS program.
• Increased insight into cost variation and drivers of inefficiency in the operating room setting.