And If So, What’s Your Strategy for Revenue Cycle Success?
Remember back to your high school days? Among all the cliques, the nerds stood out with their backpacks full of thick books, pocket protectors and love of math. They believed knowledge and numbers could solve just about anything. Fast-forward to adulthood, and these nerds rule the world. They run companies, cure diseases and develop technology. What’s the moral of this story? In the words of Huey Lewis and the News, it’s hip to be square.
That’s why one-third of healthcare leaders have realized the value of metrics and cited data analytics as their top priority for 2016*. A data-driven business intelligence strategy can yield numerous benefits; you can identify problems in your revenue cycle, increase staff productivity and effectiveness, and ultimately increase revenue. Having the right strategy and technology is key, but you still must know how to:
- Incorporate data analytics into organizational workflow
- Identify which metrics to monitor
- Develop the right criteria for evaluating analytics and business intelligence technology
Download the white paper, Using Business Intelligence to Accelerate Your Revenue Cycle, and learn how to stay ahead of the curve with the right data analytics strategy. After all, our former chess-playing, calculus-loving classmates have it right: Numbers are cool, and it’s hip to be square!
*Leventhal, Rajiv and Raths, David, “Survey: BI and Analytics Platforms Will Be Key for Healthcare Organizations Moving Forward,” October 2015, Healthcare Informatics.