Speedometer. Odometer. Fuel gauge. Temperature gauge. Oil pressure gauge. How long did it take before you knew I was describing the dashboard of a car? Two or three words in, max? Now, let’s try the same thing with another list: Magnetic compass. Nondirectional radio beacon. Altimeter. Vertical speed indicator. Heading indicators. Air speed indicator.
Unless you’re a pilot in your spare time, it probably took longer to recognize the list of controls in an airplane’s cockpit. These flight instruments may not mean much to you; however, using your car’s speedometer, odometer and fuel gauge is second nature. If you see you’re over the speed limit, you immediately make an adjustment. (Well, hopefully you do!) If your fuel gauge is near “E,” you find a gas station.
That’s exactly how BI should work at your healthcare organization.
- Understand your data: Eye-catching dashboards may be interesting and exciting; however, if you and your team can’t easily determine what to do with the data, they’re not helping you take action. In the best case scenario, your team will use BI the way you use your car’s dashboard. With just a quick glance at certain metrics you’ll know exactly what to do, and making changes will become second nature.
- Drive meaningful change: If BI is one of your priorities this year, remember the car dashboard analogy as you develop your strategy, evaluate solutions, and take action. Leveraging data insights, BI should drive meaningful change in your organization, and these changes should be woven into the workflow of your entire team.
Download the Using Business Intelligence to Accelerate Your Revenue Cycle white paper to learn how you can leverage BI to improve your practice’s financial health.