Financial impact of clinical data extraction software

Only meeting the minimum MU2 core measure for labs compromises clinical decisions costing $317,178 per bed each year.

Meaningful Use Stage II core measure for lab results requires that lab values are captured in structured EHR data fields for only 55% of results.  That means as many as 45% of decisions can be informed by test results that aren’t easily accessible or trendabale — driving up the cost of care and compromising care quality.

Although diagnostic tests account for only 3–5% of annual healthcare spending, the true costs should include all of the downstream activities that test results impact – a whopping $317,000 per bed annually.

Until now, capturing the remaining results required either large investments in interfaces or burdening staff with slow and error-prone data entry.

Intelligent clinical data extraction software is changing the economics of incorporating unstructured clinical data into clinical decision-making and research. Results can be delivered automatically, from unstructured documents, directly to your EMR or any other downstream system.

Watch this on-demand webinar, to learn how University of Wisconsin Health is using intelligent clinical data extraction software to manage unstructured outside lab results more efficiently.