Episode Management is a smarter, better management of Episodes in private and NHS hospitals. It is a highly secure, state of the art, Hospital Management System, designed to reduce errors, improve efficiency, cut costs and improve patient care in hospitals
Traditionally Episode or Patient Level Costing (PLC) has been calculated on a standard cost basis – the cost of each type of treatment being estimated by apportioning historical cost data. For example the cost of nursing is apportioned to number of patient. To date, the true cost of each individual patient episode has not being captured accurately.
Episode Management not only provides the profit and loss of each operation, but drills down to budgeted cost and actual cost for each heading and sub headings, highlighting which areas where the costs are higher than budgeted. This will also provide strong basis for negotiating rates with the Insurance companies or other funders. It will also force hospitals to be more efficient and cut the amount of waste currently generated. The systematic gathering of data about episodes creates audit trails for managers clinicians and if necessary regulators.
Consultant benchmarking data enables the hospital to identify and roll-out best practices. Episode Management helps leading Healthcare funders and private healthcare insurance companies, who need to know that the healthcare being provided by its Healthcare partners is being delivered efficiently and effectively. By this we can make sure that an insured person is getting the service contracted under the episode pricing. It also has the ability to audit service planned under Episode and service delivered. Itensures that an insured person is getting the full treatment and not discharged earlier, minimizing re-admission. The data being captured through Episode Management can be utilized to help streamline the whole patient treatment procedure; driving more efficient inventory management, reducing waste whilst improving patient safety with full traceability, reducing errors and ensuring that the right resource is in the right place at the right time.
Leading Healthcare funders, the private healthcare insurance companies, need to know if the healthcare being provided by its Healthcare partners is being delivered efficiently and effectively. Our system ensures that an insured person is getting the service contracted under the episode pricing. It has the ability to audit service planned under Episode and service delivered. It also ensures that an insured person is getting the full treatment and not discharged earlier, minimizing re-admission.