080816 Three Rivers - Agilum solution helps fuel financial improvement at Three Rivers Health

Agilum solution helps fuel financial improvement at Three Rivers Health

The Challenge: Five years ago, Three Rivers Health was operating in the red and lacked visibility and insights to properly diagnose and address its challenges. Like many rural health systems, the organization had come to rely upon manual processes and extensive Excel spreadsheets in an attempt to understand the costs of delivering care and managing labor. According to Steve Andrews, Chief Financial Officer, “We were literally standing at the precipice of the shared savings conundrum.”

These challenges led the Three Rivers leadership team to reconsider its strategy and look for a better technology solution with the ability to identify issues while there was still time to intervene.

The Change: Three Rivers quickly put the Agilum solution to work, automating their previous manual and time-intensive reporting function. By providing real-time access to data via an intuitive and user-friendly reporting system, Agilum accelerated the process of gaining insights and driving important business decisions including:

  • Understanding and optimizing both case mix and payer mix
  • Measuring and improving quality across all service lines with significant results around orthopedics and wound care
  • Identifying frequent fliers and those who aren’t using any other services so they can deliver more appropriate care
  • Improving conversion rates from ER to inpatient stay and preventing future unnecessary ER admissions

The Partnership: Agilum’s real-time visibility has helped Three Rivers Health better anticipate and address outliers to deliver the following benefits:

  1. Transparency into service line margins
  2. Alignment of their management incentive program
  3. Newfound ability to measure costs
  4. Insights to optimize length of stay

The Agilum solution was a key part of a system-wide operational effort that effectively turned Three Rivers Health’s finances around and put them in the black. Agilum also provided more rapid and efficient access to insights which have led to opportunities for sustained growth and an aggressive strategy to increase their involvement in their ACO and other accountable care initiatives.

Sentry Data Systems’ Agilum Solution Helps Fuel Financial Improvement at Three Rivers Health