• HFMA Events

    Beyond Big Data: Developing A Business Intelligence and Analytics Practice

    Christopher LoobyChristopher Looby, Vice President of Agile Healthcare, will give you the foundation you need to develop and implement a BI strategy. Learn more.

    HFMA Events

    Healthcare Financial Management Essentials

    Michael NowickiMichael Nowicki, professor of health administration at Texas State University, explains the fundamentals of the U.S. healthcare system, from economic and policy forces to payment issues and resource allocation. Learn more

    HFMA Events

    Managed Care Contracting In a Value-Based World: Contracts, Agreements, Collections, and Discounts

    Ellen StewartEllen Stewart, partner at Spencer Fane LLP, provides a comprehensive and in-depth understanding of the managed care system. Learn more.

Master Session: Beyond Big Data: Developing a Business Intelligence and Analytics Practice

Date & Time (Local)

Wednesday, May 02 to Friday, May 04 — 8:00 a.m – 1:00 p.m

Facilitator

Christopher Looby, FACHE

Vice President

Agile Healthcare

Location

San Diego     

Register-now

Summary

As provider organizations grapple with a future of reduced payment, effective Business Intelligence (BI) and costing systems can help identify internal trends of increasing costs, as well as facilitate comparisons to evidence-based standards of care. New thinking about the business data and BI activity is required and must encompass more sophisticated decision-making that will become the heart of value-based service: integrated delivery of care across a continuum of healthcare conditions and providers and using new systems (clinical, costing, and operational). While focusing on big data is important, it’s only one piece of the puzzle. It’s also crucial to develop a strategy for identifying and acting on the relevant data (clinical, operational, and financial) for real-time decision making, future planning, process improvement, and results measurement.

 

As part of this seminar you'll learn the right questions to ask for developing a BI strategy, discover the benefits of creating an analytics practice that provides dynamic, actionable information to decision makers, discuss the creation of a BI analytics practice as well as a decision framework with your peers, review practitioner case studies that have used BI successfully to manage costs and improve clinical outcomes, and identify how to create real progress toward population health management. 

At the end of this seminar, you will be able to:

  • Describe a robust BI capability: requirements, methods, boundaries and outcomes, including the essential elements of data, big data and data strategy, and use of relevant statistics to improve quality and decrease costs
  • Create a plan for simplifying data in order to amplify meaning and make better decisions
  • Identify methods for setting realistic expectations for analytics and data
  • Present data (data visualization) as information that will yield useful insights for those acting on that data, including clinicians and C-suite leaders
  • Create an individual plan for developing a robust analytics practice that uses data to strategically impact patient care, reduce costs, and improve quality in your organization

Tools & Takeaways:

A plan template for creating your organization’s BI analytics practice and the ability to make data-driven decisions

Level:

Advanced

Prerequisites:

Detailed knowledge of healthcare finance, cost accounting and cost management, and budgeting concepts

Credits:

21.5 CPEs


Register-now

  • hfmalogo
    Our Ironclad Guarantee

    HFMA stands behind the quality of our programming. If you are not satisfied, we will gladly refund your money or provide you with a credit certificate toward any future HFMA National educational programs or select products.

    Contact HFMA directly at 3 Westbrook Corporate Center, Suite 600, Westchester, IL 60154, Attn: Professional Development, or call (800) 252-4362. Please provide HFMA with your comments within two weeks of the program.

©2018 Copyright Healthcare Financial Management AssociationHFMA