How data provides vital insight into the social determinants of health
Analytics programs that identify patients with social determinants of health can have clinical as well as financial benefits for healthcare providers.
hfm Magazine: March 2019
The March 2019 edition of hfm explores people and culture in healthcare finance, focusing on performance improvement, academic-community relationships, and care delivery.
The Value of Financial Analytics
Data analytics and business intelligence are essential tools for effectively managing the financial performance of healthcare organizations.
Monetizing Data: The Key to Realizing the Value of Data Analytics
Healthcare organizations require data analytics to succeed in the emerging value-focused healthcare environment, and through data monetization, in which they use these assets to create economic value, they can realize the value of their investment in the analytics.
Return on Analytics: Addressing the ‘Signals’ in the ‘Noise’
A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability depends on how effectively it applies data analytics to inform improvement efforts related to quality, cost, and patient experience.
Toward a More Effective Way of Validating Cost Data
Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.
Kaufman Hall: 5 Key Learnings from HFMA’s Financial Analytics Leadership Council
Tips-focused article about the role of data governance and how to establish a strategy. Key points pulled from the HFMA Financial Analytics Leadership Council.
An ‘Outside View’ Helps Achieve Return on Analytics
An “outside view” can counter biases and organizational pressures that can skew internal decision-making processes. It also provides a framework for target setting that helps define realistic expected returns.
6 Steps for Effective Use of Peer Comparisons and Analytics
Peer comparisons help hospitals recognize that performance improvement opportunities exist and give them evidence that their peers are executing on those opportunities. With that information, leadership teams are motivated to pursue targeted corrective actions.
Operationalizing Predictive Analytics to Guide Healthcare Business Decisions
Providers and health plans are turning to predictive analytics as a tool for identifying actionable insights that can be used to control costs and improve outcomes.