Data analytics, executive dashboards, business intelligence (BI) – these are all terms used in today’s business environment, but can mean many different things depending on who you talk to. The most important definition is what it means to you and your organization in order to help you track key metrics. To build the most effective tool, you must determine the intended audience, your key metrics, which data to gather and the tool selection or creation.
Written by Renee Flis, Regional Sales Manager
That’s the question being frequently asked by senior living providers as our fee-for-service Medicare payment model begins a transition to episodic or “bundled” payments through ACOs and demonstration projects.
Healthcare Analytics Consultant, VCPI
As I’ve watched the first few days of the 2012 Olympic Games, I’ve been struck by the changes that have taken place over the years. From aerodynamic uniforms to real-time internet streaming of events, technology innovations have radically changed the Olympic experience for athletes, judges and spectators. Records are consistently broken as athletes become faster and stronger – made possible by technology advancements in their training. These changes have “transformed” the Olympics.
In healthcare, transparency refers to the availability of information about the quality and cost of healthcare, allowing consumers to choose a healthcare provider based on value. Increasingly, consumers are taking an active role in directing their own healthcare. Increased transparency is a theme of healthcare reform, and changes are on the horizon for senior living providers.