HTI VITALITY INDEX™
Providing direction in a sea of healthcare data.
As a healthcare provider today, how do you really know how well you are performing as compared to the rest of the industry? With the countless decisions necessary for a successful healthcare organization, how do you choose which direction to go or challenge to address first? We all know the adage, “if you can measure it, you can manage it”. But the healthcare industry lacks national, comparative, objective, and meaningful benchmarking data. All hospitals have the data to look internally to design operational metrics that can define productivity. However, because of the required cloak of confidentiality of payer information, it’s nearly impossible for hospitals to truly know how they compare against the industry or their peers.
There is an infinite wealth of internal information available for hospitals to parse. However, there are limited choices for healthcare comparison data which is typically antiquated, third-party data, self-reported data, or data limited to a single vendor’s internal customers. Third party data is not current or validated by the providers it supposedly represents. Similarly, self-reported data is skeptically viewed in the industry as manipulated and biased to make health systems appear better than they really are. Data provided by a single vendor obviously limits participation and may be more of a mechanism to validate the vendor’s existing functionality or process. All of these methods are limited and are typically laden with anecdotal conjecture and no true direction.
IT’S EASY WHEN YOU HAVE A MAP…
Should a provider be content fighting for a 30% orthopedic reimbursement increase if only to find out this new rate is in the 60th percentile among relative hospitals? Should a health system try to reduce a specific payer’s denial rate when that denial percentage is far better than those among their peers or focus on a payer where they are lagging? The path forward would be obvious if you had the information.
The HTI Vitality Index™ is a combination of operational metrics, focused on cash collection, divided into four (4) quadrants that measure Velocity, Variety, Volatility, and Value.
THE FOUR QUADRANTS
OF THE HTI Vitality Index™
The HTI Vitality Index™ is a subscription-based service that leverages two years of historic claims and remittance data to measure a variety of indices that empower hospitals with meaningful metrics and actionable analytics.
THERE’S A STORM BREWIN’…!
The HTI Vitality Index™ transforms common healthcare transactions into powerful data which will revolutionize internal and external efficiency and transparency. We are at an information apex, with the opportunity to provide true transparency throughout the entire healthcare industry.
The HTI Vitality Index™ is a marketplace where all hospitals can voluntarily submit their raw data, have it de-identified, aggregated, and reported back in unbiased, meaningful, and actionable ways. The data is standardized and normalized—no opportunities to exclude, hide or manipulate results—which means real transparency.
HEALTHCARE NEEDS A REVOLUTION,
AND IT HAS ARRIVED!
The primary focus of the Healthcare Transparency Institute (HTI) is the aggregation of data for consumption by the healthcare industry and those committed to providing solutions and services to highlight overall trends and transparency for the improvement of all healthcare organizations.
Today, most healthcare analytical tools only allow healthcare users to review their internal statistics. HTI believes the fundamental way the healthcare industry views its data needs to change. By allowing healthcare providers to view “outside their walls” is a new concept to dissolve the “silo effect” in healthcare today. When providers are able to truly compare their data to those of their peers, they are able to finally measure themselves and define how and where they can improve. HTI provides the industry information for healthcare leaders to focus their effort for the most meaningful effect.
We look forward to connecting revolutionary healthcare providers to lead the nation into a new age of transformational transparency.