MADISON HEALTHCARE TECHNOLOGIES LLC
Madison Healthcare Technologies LLC formed a relationship with developers of ExactCost™, an Activity-Based Costing (ABC) solution with analytic applications which provide the required information. By leveraging data from existing healthcare IT systems, the features enable the assessment of the true cost of a process at a task and activity level including labor, supplies, materials, equipment and overhead. The duration and cost of healthcare services is revealed by providing step by step cost management. The solution enables the evaluation of services including staff (professional, clinical, non-clinical, administrative, and support), durtions/time, consumables, devices, and facilities. And, it allows for the understanding of information from multiple perspectives like patient/population, duration/time, facility, device, physician, and process.