Is your legacy Master Patient Index (MPI) costing too much money and time?
Given the current economy, many healthcare organizations are taking another look at the cost of legacy MPIs. They’re considering five key questions.
1. How many hours do our HIM staff/data stewards spend on potential matches?
With a legacy MPI, HIM/data stewards have to complete long queues of potential matches. That’s because legacy MPIs depend on complicated algorithms. These algorithms can’t solve a series of common data problems given they only match against the healthcare organization’s own data (more on that below).
2. How much does it cost us to add a new data source?
Healthcare organizations are constantly absorbing more person data beyond the bounds of the electronic health record. This data may come from existing systems (such as a customer relationship management system), normal organic growth from the inclusion of new facilities/practices or from different EHRs in a merger situation. Every time a new system is added, legacy MPI algorithms have adjusted orre-tuned with the inclusion of the new data, requiring many hours of work by the technology team or by external consultants.
3. How much does our hardware cost?
Legacy MPIs are typically housed on-premises, with hardware that needs to be maintained, updated, and kept secure
4. Are we paying for data in addition to software costs?
Legacy MPIs that try to appear modern often can include the use of 3rd party data as supplement. This data comes with additional fees for call out data services – a cost that can add up very quickly. Verato’s proprietary reference database is and integrated and embedded component to our solution. There are no additional subscription cost or implementation implications to consider.
5. Are there use cases that we can’t support due to cost?
From managing Accountable Care Organizations (ACOs) to building digital front doors and data warehouses, healthcare organizations have an opportunity to gain competitive edge in a challenging environment, while meeting industry expectations for value-based care and exceptional service.
These innovative initiatives depend on
highly-accurate, real-time person data across the healthcare enterprise. A legacy
MPI ends up as a impediment related to every single innovation in terms of flexibility
How much could you save by switching to Verato?
- Organizations report that operating costs for a next-generation MPI are three times less than a legacy MPI system.
- Don’t just take our word for it—grab your copy of our TCO (total cost of ownership) worksheet and calculate your potential savings.
Why Verato delivers lower TCO
1. Extraordinary accuracy saves time and supports outstanding care
Verato uses proprietary referential matching technology to match person data against a curated, national reference database. The Verato reference database is integral to our solution and we don’t charge extra for variable data costs like other vendors do.
It’s the modern approach recommended by thought leaders like the
Pew Charitable Trust, who stated "healthcare
organizations—including health information networks—should consider
incorporating referential matching into their processes given that this
approach has generated among the highest match rates currently published."
Highly accurate referential matching significantly
reduces manual required matches, so HIM/data stewards can focus on priority
initiatives rather than data clean-up. Teams don’t need to spend days re-tuning
algorithms when new data sources are added.
2. Cloud-native technology saves costs
Because Verato is a cloud-based, SaaS solution, our
customers don’t have to manage EMPI hardware, and they
can rapidly scale up Verato to support new data sources.
Their EMPI is the foundation of innovative new initiatives, providing accurate,
real-time person data wherever it’s needed across the healthcare organization.