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Operations

What is SMaRT Analytics for Healthcare Operational Intelligence?

SMaRT Analytics is a software-as-service (SaaS) data visualization platform for healthcare organizations of all sizes. SMaRT Analytics standardizes and streamlines healthcare operations and financial data into a single unified source, transforming it into easy-to-understand, actionable information. This next evolution in healthcare business intelligence is a complete solution that enables healthcare leaders to quickly answer their most pressing questions and rely much less on analysts for answers.

With SMaRT Analytics™, the operational key metrics you need are at your fingertips, delivered automatically to your inbox.

Case Mix Index / Clinical Documentation

CMI impacts net revenue, so monitoring this metric helps explain some of your net revenue variability. Your CMI is not controllable — but the related CC (complication or comorbidity)/MCC (major complication or comorbidity) rate, which also impacts net revenue, is manageable through clinical documentation. As your CC/MCC rate improves, so do your quality scores.

By identifying documentation variation by provider, payor, and diagnosis, our CMI dashboard highlights best internal practices. Sharing these best practices can have a positive impact on your net revenue.
SMaRT Analytics features linked charts that trend and compare your CMI and CC/MCC rates by payor, DRG type, and provider.

Observation Rate

Medicare reimburses observation patients at approximately 50% of Inpatient reimbursements. Therefore, proper patient status is a critical element that impacts net revenue.

The SMaRT Analytics Observation Dashboard trends and compares cases, observation rate, and observation length of stay by payor, day of the week, diagnosis, provider, and location. These metrics identify practice variations that can lead to net revenue opportunities.

Linked Charts trend and compare the observation rate and hours by pay or day of the week, diagnosis, provider, and location.

Profitability

Healthcare Profitability Analytics

Understanding ROI is critical to knowing which are your most profitable service lines.
The SMaRT Analytics Profitability Dashboard summarizes profitability by service line, DRG, payor, provider, patient class, and location.

Metrics include cases, LOS, charges, reimbursement, cost, and ROI.

Over 40 linked charts calculate your return on investment by patient type, payor, DRG provider, and more.

Physician Variation

Understanding physician variation is extremely powerful in changing provider practice patterns and reducing costs. As a result, you can impact resource utilization and lower costs.

Physician Variation - Hospital Analytics

This game-changing SMaRT Analytics dashboard automates a traditionally complex and time-consuming manual analysis. The dashboard compares profitability and resource utilization by provider, diagnosis, and payor.

It is now simple to compare providers’ resource utilization by diagnosis, payor, department, and charge code. Over ten linked charts compare resource utilization and profitability by provider and diagnosis.

Healthcare CFOs Love SMaRT™ Analytics

Ask SMaRT Analytics™ Anything.

In as little as 45 days, Sixth Sense’s proprietary SMaRT Analytics™ platform delivers immediate ROI with unparalleled insight into thousands of questions all healthcare executives are asking.

Why is the case mix index shifting? Is it attributed to documentation or diagnosis?

Your CMI Dashboard does the work for you!

Case Mix Index

Which service line generates the highest ROI?

Your Profitability Dashboard does the work for you!

Healthcare Profitability Analytics

How has my payor mix changed by department, procedure code, etc. over time?

Your Revenue Trending does the work for you!

Hospital Revenue Trends Analytics Reports

What is the physician treatment utilization variation by diagnosis?

Your Physician Variation Dashboard does the work for you!

How is revenue projected to finish for the month and YTD?

Your Daily Revenue Dashboard does the work for you!

Hospital Daily Revenue Analytics Reports

Your Observation Rate Dashboard does the work for you!

 

How much of my revenue change is attributed to price vs. volume?

Your Revenue Impact Dashboard does the work for you!

Hospital Revenue Impact Analytics Report

What is my blended profitability by provider for hospital and professional billing?

Your Hospitals and Clinics Dashboard does the work for you!

Discover Significant Revenue and Cost Savings Today

Sixth Sense's foundational analytics address needs common to all healthcare organizations, providing you with “out of the box,” best practice, actionable analytics in as little as 45 days.