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Posts Tagged ‘analytics’

2016 Connected Health Trends: The Patient/Consumer Data Story

If you haven’t noticed by now, 2016 is a year when the patient data story will become increasingly complex. In this 2016 trends report we have already witnessed: Increased ownership of data by patients Increase in patient generated data by way of mobile device Challenges around the security of data in the growing world of […]

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Hospital Labor Productivity: Squeezing the Turnip?

Assembling the vast amounts of data in healthcare is both a technical and political challenge.  I’ve worked at or with multiple hospitals where the finance and clinical teams never really collaborate and therefore the lens put on either domain is not terribly realistic.  Truly merging and using the data requires organizational transparency and a commitment […]

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VIDEO: 6 Healthcare Performance Management Trends

Healthcare organizations have an increased focus on operational performance. Healthcare Enterprise Performance Management (EPM) creates visibility and accountability throughout the organization to identify financial performance gaps continuously and quickly change course when needed.  Embracing data-driven decision-making in a provider setting requires agile thinking to pinpoint and respond to the short- and long-term needs of the organization. In […]

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6 Healthcare EPM Trends: #6 Innovation in the Cloud

TREND #6: INNOVATION: MOVEMENT TO THE CLOUD Enterprise performance management solutions are in a period of rapid transformation to the cloud. According to Gartner, the issues driving CFOs to consider the cloud are: Faster Development = Increased ROI: A recent study by Nucleus Research reported that cloud applications deliver 1.7 times the ROI of on premise […]

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6 Healthcare EPM Trends: #5 Value of Care

TREND #5: VALUE OF CARE: THE SECRET SAUCE Costing is an evolutionary process that begins with one type of procedure, one clinic, or one service line, or perhaps with a hybrid costing methodology. The great news is that technology can help realize the goal of improved costing by allowing for the use of multiple costing methodologies […]

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6 Healthcare EPM Trends: #4 Financial Transparency

TREND #4: FINANCIAL TRANSPARENCY: MODERNIZE YOUR DECISION-SUPPORT SYSTEM As the healthcare industry moves toward value-based payment models and population health management, the need to innovate is paramount when it comes to cost management. Today’s CFO needs a new generation of decision-support technology solutions along with unprecedented access to transactional data to address tough questions across the […]

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6 Healthcare EPM Trends: #3 De-Mystifying the Budget Process

TREND #3: DE-MYSTIFYING THE BUDGET PROCESS: PERFORMANCE MANAGEMENT LEADS TO PERFORMANCE IMPROVEMENT Budgets have traditionally been an aggregation of numbers molded into a financial statement to measure margins and then asking business leaders to explain actual-to-budget variances. Healthcare leaders are now building strategies to mature this process into a compilation of metrics that are representative of […]

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6 Healthcare EPM Trends: #2 Budgets

TREND #2: BUDGETS: DAILY, WEEKLY, MONTHLY, ANNUALLY OR CONTINUALLY? Historically, budgets were compiled once per year (if that often) and variance analysis was a monthly activity. Hospitals started looking at multi-year, year-over-year analysis first, then eventually actual-to-budget, reinforcing the variance analysis process once data became more transparent. This led to “re-forecasting” the budget into a new […]

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6 Healthcare EPM Trends: #1. Data-Driven Decision Making

TREND #1. DATA-DRIVEN DECISION MAKING: BUILDING A PARTNERSHIP BETWEEN CLINICAL AND FINANCIAL LEADERS Performance management is a series of business processes to correlate financial and operational data to manage the margin and drive informed business decisions that support sound strategic and tactical planning and execution. Many healthcare organizations are in the midst of a transformation […]

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Healthcare EPM: Creating Visibility & Accountability

HEALTHCARE PERFORMANCE MANAGEMENT: A POWERFUL TOOL TO CREATE VISIBILITY AND ACCOUNTABILITY THROUGHOUT THE ORGANIZATION Healthcare enterprise performance management (EPM) is a technology-enabled business strategy that is helping to tackle the challenges of the transforming healthcare industry. EPM involves consolidating large amounts of data from various sources, querying and analyzing the data, and putting the results into […]

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Healthcare Delivery: A Need for Change

It is no secret that the healthcare industry is in a state of transformation and for good reason. In a recent international study that compared 11 nations on healthcare quality, access, efficiency, and equity, the United States was ranked last among wealthy countries. In other words, in the United States healthcare outcomes do not align […]

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2 Takeaways from #HIMSS16 Exhibit Day 2

We have wrapped up day 2 at HIMSS. A day full of connecting with others in the healthcare industry and diving into conversations about the challenges and trends in healthcare. As a patient, I always enjoy the conversations about connected health and learning how organizations are putting the patient and their journey at the center. […]

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Healthcare Blog

Perspectives on healthcare industry trends and topics and health IT insights to help organizations optimize operational performance, enhance patient and member experience, comply with regulatory demands and transform their business.

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