Rothman Orthopedics & NueHealth: Reducing Knee and Hip Replacement Implant Costs Through Data-Driven Insights
Avant-garde Health, a leading provider of healthcare analytics software and services, partnered with Rothman Orthopedics, a world-renowned physician group specializing in orthopedic care, and NueHealth, a prominent operator of surgery centers and hospitals across the U.S.
Together, they tackled the escalating costs of knee and hip replacements in one of Rothman and NueHealth’s regional markets.
Challenges: The rising cost of knee and hip replacement implants posed a significant financial challenge. Variability in implant pricing across facilities and discrepancies when compared to external benchmarks highlighted inefficiencies and opportunities for cost reduction.
Results
- Cost Savings: Over $1.7 million in annual savings on knee and hip replacement implant costs.
- Ongoing Monitoring: Avant-garde’s software continues to track and report monthly savings across NueHealth facilities, ensuring sustained cost-efficiency.
- Scalable Impact: The initiative set a precedent for future cost-saving projects across additional procedures, surgery centers, and hospitals.
Predictive healthcare analytics to reduce costs and optimize patient care
Avant-garde Health transforms data & insights into actions, and we help our clients achieve real cost savings by utilizing Time-Driven-Activity-Based Costing (TDABC) to identify key drivers for cost-savings.
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Healthcare Data Analytics Done Right
Avant-garde Health was born out of the Harvard Business School’s value-based health care delivery research, led by Professors Michael Porter and Robert Kaplan. Our growing team is backed by a group of leading investors, and we are dedicated to transforming health care delivery for years to come.