Tracking data on inventory management, bundled payments and staffing are integral to successful ASC management, according to ASC management software developer Simplify ASC.
Three ways data affects ASC management:
1. Productivity. Efficient workflows are essential to maintaining an ASC's quick surgery turnaround time. Analyzing staff hours such as overtime data can help ASCs rein in labor costs and increase productivity.
2. Bundled payments. ASCs can collect data on procedure and outcomes to plan how they can integrate bundled payments into their value-based care initiatives.
3. Inventory management. Supply chain costs are one of an ASC's largest expenses. Adopting a data-driven inventory management platform can help ASCs track costs.