The Surprisingly Complex Problem Of Calculating Order Costs with G.T. LaBorde, CEO of IllumiCare

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The most crucial aspect of clinical financial decision support is knowing what not to say to physicians to avoid alert fatigue while still impacting cost-effective patient care. 

In this episode, G.T. LaBorde, CEO of IllumiCare, explains how the company integrates with electronic medical records to provide real-time insights on the financial and patient safety implications of clinical decisions. By analyzing data on patient activity, medication orders, lab results, and costs, IllumiCare helps hospitals determine the actual cost of every order and suggests clinically appropriate, lower-cost alternatives. LaBorde highlights the challenge of accurately assessing costs due to the complexity of formulations, pack sizes, and suppliers. With a 30% adoption rate of its recommendations, IllumiCare empowers physicians to make cost-conscious decisions, and the company is now expanding to outpatient settings to reduce duplicative testing and imaging.

Tune in and learn how to balance cost considerations with effective clinical care!

Resources: 

• Connect and follow G.T. LaBorde on LinkedIn.
• Learn more about IllumiCare on their LinkedIn and website.
• Listen to G.T.’s previous interview on our podcast here.
• Contact G.T. through IllumicCare’s contact page here.

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