Hospitals have started to shift away from traditional revenue cycles to more comprehensive, quality-driven cost accounting. Existing accounting tools for healthcare organizations, however, do not support cost accounting at the patient-level.
Value Driven Outcomes (VDO) provides comprehensive software for understanding and visualizing health care costs. VDO takes a new approach to estimate the cost of care by allocating operational costs, such as labor and supplies, to individual patient encounters. The software includes technical infrastructure for implementing a cost model and uses a visualization layer to facilitate the identification of opportunities for potential value improvement. VDO helps hospitals function more efficiently by increasing access to accurate, segmented cost information and generating web-based reports and dashboards that increase visibility for hospital costs.