I read an article in CIO Magazine recently while doing research on big data in healthcare. The article discussed how to make use of the petabytes of patient data that healthcare organizations possess. No matter how we plan to use it, we have to extract it from legacy systems and build visualizations that can make […]
Posts Tagged ‘HFMA’
Understanding the Value of Care – It’s Not a Guessing Game
Robert S. Kaplan, PhD, writes about improving the “value of care” in this month’s HFMA magazine. “Existing cost measurement systems in healthcare are inadequate. They typically use inaccurate and arbitrary cost allocations and provide little transparency to guide clinician and staff driven efforts to reduce costs and improve processes to enhance outcomes. They also fail […]
The “Secret Sauce” for Financial Transparency
Assembling the data needed to achieve financial transparency is both a technical and political challenge. My recent BLOG In Managing Finance at Hospitals, the Proof is in the Data discusses this in detail. I thought I’d take a moment now to discuss some of the software that combines clinical and financial data for cost management […]