Sentry Data Systems, Inc. has a rich, deep heritage in pioneering healthcare innovation – establishing a leadership position in 340B management and compliance since 2003. Building upon this robust foundation, Sentry recently announced the award of a patent related to its Care Improvement and Cost Reduction Analytics Methodology. The patented technology promises to radically change the trajectory of healthcare.
“Sentry has the only patented technology that reduces the total cost of care while driving better outcomes.” says Travis Leonardi, CEO of Sentry Data Systems. “No one else has this revolutionary patent, our longitudinal patient data intelligence platform, and our highly qualified team of experts to help hospitals quickly manage compliance, improve care quality and reduce costs.”
Sentry’s Care Improvement and Cost Reduction Analytics Methodology connects a wide variety of data from an array of sources, then applies statistical models to anticipate adverse patient outcomes and identify variances in pharmacy and supply chain costs. The technology also employs evidence-based algorithms to identify actionable areas for clinical and administrative cost savings and improved quality outcomes, and to deliver alerts to the care team.
Among the many capabilities Sentry’s ground-breaking technology provides are:
- Accounting for patients covered under risk-sharing or bundled payment arrangements
- Providing systems that give timely, detailed and accurate information associated with the costs of care and related third-party reimbursements
- Supporting analytics to supply chain and finance during contract negotiations
According to Leonardi, “This patent is a game-changer. Existing solutions fail to accurately identify and allocate total provider cost of care and profitability at a patient encounter level. Our analytics methodology overcomes these shortcomings by drawing data from operational, clinical and financial areas of a hospital in near real-time to help generate real-world results.”
About Sentry Data Systems, Inc.
Sentry Data Systems, Inc. is a pioneer in providing technology solutions that help healthcare providers address their three biggest challenges: reducing total cost of care, managing compliance and producing better quality. Thousands of hospitals and care locations across the country rely on Sentry’s integrated platform for their solutions, which provide decision support for millions of unique patients and have helped hospital systems and IDNs realize billions of dollars in documented savings.
Beth Sagvold, Creative Director