How do you define the value Agathos delivers to healthcare partners?
Agathos helps organizations improve physician practice patterns. These improvements lead to four types of value for our partner hospitals: 1) Reduced direct costs 2) Decreased length of stay 3) Improved quality of care 4) Support for a culture of learning, mentorship, and growth.
Other Common Questions
So the value that Agathos provides our hospital partners is providing meaningful actionable data that impacts clinical practice. But we find that a lot of hospitals don't have a lot of tools in this regard, so this is where we can help. But quantifying that is really difficult. So coming up, four members of the Agathos team are gonna tell you about four ways in which we do that. Impacting direct costs. Decreasing length of the stay if we're focusing on specific physician actions. Increasing quality. And then also just creating a culture of self-sustaining learning where physicians are comfortable sharing best practices with each other. - So when it comes to the costs associated with unnecessary utilization, there's a few different things that we look at. So we look at lab utilization, specifically common labs, so metabolic panels and CBCs. We look at imaging utilization, which includes CTs and MRI. And another big thing that we look at is telemetry utilization, which has definitely had a big impact on our customers. - Studies show that the decisions that doctors make about consults, imaging, what meds are prescribed have an effect on how long patients end up having to stay in the hospital. At Agathos, we use research from peer-reviewed journals to quantify the impact that physicians have on length of stay. And we can link physician practice changes to reduced length of stay in hospitals and thus the savings that hospitals realize. - So there's one other thing I wanna talk about which is how these insights that we send to doctors can just improve quality in a way that's not directly tied to cost savings. So one example of those is we send insights about when you discharge people home, here's the right of amount of opioids that you should be sending them home on. And all doctors know the importance of not sending people home with too many opioids but are they really up to date on the latest guidelines? And we can help with that. And I don't need to remind anybody how having people on too many opioids is a huge problem for society. Another example of something that's not really tied to cost savings but improves care in the hospital is avoiding the very sedating sleeping medications. Because busy hospitalist might think they're doing somebody a favor by writing your prescription for a sleeping medicine but if that makes Mrs. Jones very sleepy the next day or more likely to fall, less likely to be able to sort of recover from her surgery, then that wasn't the right thing to do. So those are a couple examples of ways we help make the care better that are not directly tied to cost savings. - Another value that Agathos brings is by changing the way that physicians interact with their data. It really changes the culture at a hospital around data and practice sharing and the conversations that physicians engage in with each other ultimately to provide better care for their patients in a community type way where everyone is sharing and learning from each other.