Prisma Health Saves $14 Million Annually While Creating Robust, Centralized Archive
DataArk is the anchor application in MediQuant’s platform, providing a secure, centralized repository for data from an unlimited number and variety of disparate systems, delivering a true enterprise data lifecycle solution.
14 Million
In Annual Maintenance and Labor Savings
60
Completed Migrations (So Far)
$100,000+
Preserved in Revenue While Archiving Financial Systems
In addition to achieving their clinical data goals, after completing more than 60 application archives, Prisma saves approximately $14 million annually in legacy maintenance and labor costs. The health system also recovered more than $100,000 in historic accounts receivable that would otherwise have been lost.
“With MediQuant, retiring our legacy systems has been seamless from an operational standpoint and a patient care perspective,” says Rich Rogers, Senior Vice President and CIO at Prisma Health. “I feel fortunate that we selected the right partner.”
With MediQuant, retiring our legacy systems has been seamless from an operational standpoint and a patient care perspective. I feel fortunate that we selected the right partner.
Profile:
Prisma is creating a better state of health
Challenge:
Preserve required financial, clinical data following merger
Solution:
One vendor handles all archiving of discrete data
Results:
Projects continue to deliver tangible rewards
From 2018 to present, Prisma Health and MediQuant have completed 60 migration projects. Cost- cutting wasn’t a primary driver of the archive project, but Rogers estimates the health system saves approximately $14 million annually in maintenance costs and labor to keep legacy systems active. The health system retained more than $100,000 in historic accounts receivable that continue to be worked from MediQuant’s Data Ark.
In addition to financial benefits, DataArk delivers real value to clinicians with a tangible impact on patient care. Pickens relates the story of one vocal physician who was concerned about the accessibility of legacy clinical data. The team was patient, answered his questions, and made sure the requested data was in the archive. During the go-live period, the physician thanked the staff, saying the data retrieval process was much easier – even easier than with their original Cerner EHR. “And the best thing? We haven’t heard from him since,” Pickens says. “He goes into Epic and easily finds whatever he needs.”
Rogers, the CIO, expresses his appreciation for the MediQuant partnership. “MediQuant has delivered everything that we’ve needed, even as we’ve grown and merged and increased the number of systems that we’ve had to retire and archive.”
Advice for Others:
Ensure vendor has experience with organizations like yours
- Create selection criteria that reflects the goals the health system has for enterprise level archiving.
- Understand the difference between discrete data and static data and which is the right place to store each.
- Ensure a vendor partner has specific experience with hospitals of your size and complexity and can handle your entire application stack.
- Reach out to current customers to understand the experience: the good, the not-so-good, and how the vendor reacts to challenges and opportunities.
- Look for a vendor’s proven track record in archiving systems like yours and their understanding of each system’s data schema.
Results
- $14 million in annual maintenance and labor savings
- 60 completed migrations (so far)
- Preserved $100,000+ in revenue while archiving financial systems
- High user satisfaction, including physicians
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