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Posts Tagged ‘analytics’

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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3 Hot Topics from #HIMSS16 Exhibit Day 1

  Day one of #HIMSS16 has wrapped and it was a day full of networking and conversation around improving healthcare. While there were plenty of discussions about various topics in healthcare, there were three overwhelming themes that were consistent throughout the majority of my conversations. #1. Patient engagement and empowerment – One of the hot […]

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#HIMSS16 Perspective – Interview with Priyal Patel, MHA

We continue our HIMSS16 Perspective series with an interview featuring Priyal Patel, MHA,  Sr. Solutions Architect and Consultant, Perficient. Priyal is a detail-oriented and results-driven healthcare subject matter expert and business consultant.  She has strong leadership and interpersonal skills and has led and collaborated with multi-disciplinary project teams from some of the most prominent healthcare organizations […]

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#HIMSS16 Hot Topic: Population Health & Care Coordination

When I talk to people throughout the healthcare industry one topic that always seems to come up is population health management. Healthcare organizations are focused on managing the health of the individuals and populations that they serve. With HIMSS16 just around the corner I tracked down Lesli Adams, Director Population Health Strategy, Oracle to get her […]

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#HIMSS16 Perspective: Interview with Terie McClintock, MBA

  We continue our #HIMSS16 Perspective blog series with an interview with Terie McClintock, MBA (@TerieMc),  director, healthcare solutions at Perficient.  Terie has more than 25 years of experience in information systems management directing the acquisition, deployment and maintenance of technology platforms and applications. Terie is a healthcare strategist and subject matter expert across multiple […]

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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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