In the News: Actionable EDI Data Platforms
What to Look For in an Actionable Data Platform
Excerpted from Becker’s Health IT and CIO Report
With increased mergers and acquisitions, hospitals, hospital systems and Integrated Delivery Networks face significant challenges to aggregate and compare colossal datasets, identify problems, and correct the issues. They must retrieve, review and compare data — no matter the size, data incompatibility or platform complexity.
Healthcare organizations should look for an efficiency platform that overlays existing systems to help them compare massive amounts of data across their total enterprise, detect exceptions and problems, and guide interventions to improve efficiency that optimizes financial, clinical and operational performance.
Ideally, the platform will demand substantially lower upfront costs it tunes an existing transactional revenue cycle system rather than having to replace it, and by not replacing your current transactional system there is no disruption or retraining of staff required.
Hospital organizations require customizable, exception-based triggers to identify deviations from norms that enable them to reduce errors and denials, improve efficiency and productivity, meet compliance requirements and ensure financial viability.
Look for a platform that is powered with unique actionable analytics, overlays rather than replaced existing transactional and operational systems, and functions as a permanent, protective 24/7 auditing and reporting ‘umbrella’ that makes data comparable.
By choosing the right actionable analytics platform, hospital leaders can rapidly take action while generating significant ROI within months of implementation.