Healthcare Analytics
Why DATABOARDS
Aggregating, sorting and analyzing data from multiple sources is a difficult task for healthcare providers. The data lives in multiple places NOT just one simple EMR. Gaining immediate, actionable insights from the data is even more challenging. Databoard’s Analytics enables providers, departments and institutions with analytics and actionable dashboard services, which provide both effective strategic business insights and personalized treatment data for patients, administrators and providers that balance efficacy, productivity and cost.
Pertinent data is key to ensuring compliance, maximizing efficiency, controlling cost, strategizing and ensuring quality care. There is no one software or EMR that does it all and you can’t employ enough FTEs to organize and display the applicable data.
Visibility = Predictability = Viability
Databoards is customizable to any service line and provides intuitive, flexible dashboards. Data is everywhere, it is the important data that is key. Identifying where opportunities are, where investments should be made, and education opportunities is imperative in the new age of value-based care that is patient consumer centric.
Compare data over any time period. Within the data is a mass amount of information. But the information must be:
- Specific
- Clean
- Relevant
- Measurable
- Time related
Applications:
- Alternative Payment Model baselines and modeling
- Infusion chair utilization
- Staff allocation modeling
- Billing accuracy
- Productivity
- Cost per diagnosis code
- Referral mapping
- Side and adverse effect data
- Stage to treatment linking
- Disease specific metrics
- Drug spend and utilization
- Revenue and counts by physician
- Treatment protocol per diagnosis
- Time to regimen associations
- Clinical outcome application
Hospital and Departmental Finance / Revenue Cycle:
- Denial rate and reason tracking
- Cost analysis insight
- Financial forecasting
- Budget Variance report trending and reporting
- Point of service collection
- Service cost trends
- Case mix protocols
- Payer mix trends
- Bad debt ratios
- Claim processing time
- Claims denial rates
- Patient Satisfaction
- Reimbursement per payer
- Geographical reimbursement comparisons
Operations:
- Re-admissions
- Length of stay
- Length of treatment
- Optimize resource allocation
- Optimal staff ratios
- Capacity utilization of equipment
- Wait times
Culture:
- Stress
- Focus
- Communication
- Burnout
- Distractions
- Near misses
- Retention