Medpather offers an industrial IoT solution combining smart sensors, data fusion and real-time analytics to increase staff capacity and availability and optimizes operational planning while providing true prices of medical services.
Unlike traditional healthcare tracking systems, Medpather doesn’t simply use location tracking. Our software derives a patient and non-patient related time duration which includes determining a cost based on the time duration.
Unlike billing and charges, LEAN or time-driven activity-based costing methods in the literature, this process automatically and transparently creates precise cost accounting data – not estimates.
By continuously recording time-based process maps, Medpather can provide true pricing of individual patient-related interactions which then becomes the launching point for cost-based enterprise resource planning in healthcare and enables our customers to manage continued profitability under both fee-for-service and value-based care systems.