Over the past several years, health care reform has forced hospitals to reduce costs while improving the quality of patient care. This requires hospitals to have an in-depth understanding of their business and competitive market. Traditionally, hospitals have not had access to the critical competitive market data necessary to analyze efficiency and make cost-saving decisions. The data has been housed in several incompatible databases, requiring weeks of work to integrate and analyze. Premier, Inc. is the largest hospital alliance in the United States. We provide 1800 hospitals with competitive information about their industry, including market share, pricing, efficiency, and quality of care and service information. We recently developed Market Vantage, a competitive positioning decision support system (DSS), using tools from MicroStrategy. Market Vantage allows member hospitals to access this information quickly and easily through an intuitive interface.
We have eliminated endless hours of work that was spent querying our database and generating custom reports. With access to the most atomic-level data from a single interface, we can now generate a highly detailed, customized report requested by a member hospital in a matter of seconds.
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