Realizing ROI on Data Governance and Analytics in Healthcare; Data Governance in Healthcare, Part 3
This three-part blog series will explore what makes an organization high-performing in its use of data and analytics. Data governance in healthcare requires three components, starting with effective internal data governance structures that encourage executive buy-in and sponsorship, collecting the right data, and measuring the return on data and analytics investment.
Simplifying the revenue cycle while building resilience
“Several senior financial leaders discuss their organizations’ revenue cycle management (RCM) optimization initiatives, focusing on a variety of strategies, including eligibility checks, denials prevention programs and automation.”
Healthcare News of Note: Medicare would save $8 billion a year if all hospitals achieved the outcomes of the most cost-efficient performers, says Lown Institute
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: America’s most cost-effective hospitals are identified, employers have boosted telemedicine and mental health benefits during the pandemic, and risk-based Medicare Advantage models gain popularity with health systems.
Addressing today’s healthcare challenges requires the right data
HFMA National Chair Tammie Jackson discusses why healthcare organizations must ensure they are using the right data when seeking to address the social determinants of health.
Consumerism and the transition to value are among the trends drawing strategic reactions from healthcare providers, survey finds
A recent survey finds healthcare providers working to ensure their strategic planning incorporates key trends, spurring innovations in care delivery models.
Autonomous coding, it won’t hurt a bit with CodaMetrix
Coding at hospitals and health systems can take hours each day and can cost up to $7 billion in one year. However, one company encourages its use of artificial intelligence technology to reduce both cost and time of coding.
COVID-19 requires intensified due diligence to understand its impact on the financial performance of health systems
Analyzing a health system’s financial performance is critical when making business decisions for the organization, but performing such an analysis is far from being straightforward for 2020 and 2021.
4 keys to sustaining financial viability in the shift to value
A leading ACO in Texas has found a way to thrive despite systemic factors that can discourage value-based initiatives.
Healthcare AI experts discuss the need to improve data accessibility and validation
Healthcare organizations can improve the impact of AI applications by making proprietary data more widely available, according to insights shared during a workshop on using AI to advance health equity.
How human capital analytics can help providers attract and keep top talent
Many healthcare workers have considered leaving the field after the COVID-19 pandemic. One company provides details on how to motivate the qualified employees with more than just compensation, benefits and rewards.