Transforming Data into Actionable Information
Wednesday, May 1st, 2019 | 12:00pm - 1:00pm CST
Organizations today have an ocean of data, but turning that data into actionable information is the key to success. Normalizing data in order to have effective internal and external relative comparisons can drive impactful change. An innovative “vector” approach focusing on the most significant issues impacting clinical and operational performance addresses problems more quickly than traditional siloed assessments. The “vector” approach avoids ineffective optimizations that do not discover upstream and downstream impacts on remediations. Instead, organizations must utilize powerful analytics to diagnose areas of opportunity and use a continuum approach to span the organization (across clinical, revenue cycle, supply chain, pharmacy and post-acute domains); forensically identifying areas where performance can be optimized. As a result, improvement efforts are less disruptive and focus on a specific issue remediation rather than full-functional deep dives. Hospitals and health systems can realize significant, sustainable improvements whether prior to new implementations or in an environment of ongoing optimization.
This presentation will provide key insights and education on how organizational leaders can:
- Create a “Call to Action” using data-driven analyses to initiate performance improvement organizational initiatives
- Gain insights on normalizing data that can be used to identify the most impactful vectors of change, or key service lines
- Move away from traditional silo assessment projects that fall short of using data to identify issues and do not appropriately address upstream or downstream processes in different functional areas
- Learn how precise and relevant data can be leveraged to identify areas of opportunity within your organization