2) You’re constantly asking staff for information
If you find yourself asking staff to send you updated versions of the same reports week after week, you are likely preventing them from developing new insights about your practice. A good analytic software solution will empower you to decide how you want information presented. Do you want to see financial trends for provider locations in one region but not others? Interactive data visualizations help you focus on the information that matters to you. And rather than waiting a week for your teams to publish a the most recent report, automated analytic software can make reports available to you at the click of a button.
4) EHR and Practice Management reports just don’t cut
You already spent too much time and money on your EHR system, so that’s the last IT investment you need to make for a long time, right? Implementing an EHR system is a necessary first step for medical practices, but think of it as your data collection platform, not an analytic tool. Dashboards built into EHR and PM software are limited in two important ways:
- They are limited to a single source of data, which is an incomplete and perhaps misleading view into your practice
- The scope of analytic offerings is small, usually focused on a few data summaries, not the actionable insights needed to help your practice reduce costs.
5) Reports are scattered across your organization
Isn’t the point of electronic data to have a single source of truth across your healthcare organization? Unfortunately, it’s still common to have multiple versions of the same report making rounds at an office, buried in email inboxes, or sitting on someone’s desk. This can lead to conflict on a team when one member has a different set of numbers than everyone else. Don’t be that person. Advanced analytic solutions create dashboards for the whole team based on the practice’s most up-to-date data. Go a step further by finding software that allows you to share your report and filter settings with other users within the program. You never need to email a static spreadsheet report again.
Enjoyed this article. I’m discovering that measuring analytics is fast becoming the primary means for growing a business. Our dependence on technology to run our businesses has caused this to happen. I can’t imagine operating with only spreadsheets to rely upon — not in today’s world!
Thanks, Linda! You’re absolutely right that analytics are a critical tool for businesses, especially in healthcare. And as provider reimbursement models shift from fee-for-service to value-based payments analytics will play an increasingly more important role. I see a lot of reports saying physicians are retiring or quitting medicine over changing models, but the ones who stay will adapt by embracing technology and data.
Does your service include information or report audits? Do you set up the reports that doctors and office managers should be looking at to meet today’s value-based priorities? Will a private practice staff be able to understand and use your solution? Will office staff need to learn new skills? How can I learn more about your service?
Hi Sara, any analytic solution designed for healthcare should be focused on delivering insights around value-based reimbursement. Just as importantly, analytics need to be designed with private practice staff in mind–software that is intuitive, powerful, and requires minimum maintenance. There are are analytic solutions out there for large hospital networks, but if you’re looking to learn more about solutions built for private medical practices, visit us at http://www.mimirhealth.com