Every business organization, regardless of its size, commercial sector, or number of employees, can benefit from properly organized and coordinated data. It’s no secret that access to reliable data can be leveraged to improve efficiency, simplify the decision-making process, and identify obstacles that are getting in the way of success.
However, not every company has a single, unified data tool that can organize and analyze data. According to the tenth anniversary edition of Dresner Advisory Services’ Wisdom of Crowds® Business Intelligence Market Study, more than half of the businesses surveyed expressed their intention to raise their business intelligence budgets in 2020.
Adopting a holistic data management tool can dramatically improve a company’s performance, but only if it is implemented in the right way. In her recent white paper for Dimensional Insight, Jennifer Bresnick explores four of the major challenges that companies usually face when it comes to business intelligence, and how best to overcome them. (more…)
Healthcare organizations looking to cut costs and improve patient care are increasingly exploring how the conditions in which people live and work contribute to long-term outcomes.
Research now indicates that the social determinants of health (SDOHs), such as housing stability, access to transportation, and psycho-social safety, have an outsized impact on a patient’s ability to engage with the healthcare system and follow treatment plans for chronic and acute conditions.
Yet healthcare systems are still struggling to understand their patients’ challenges and how to connect individuals with the support they need. (more…)
When you’re embarking on a healthcare analytics program, data trust is essential to success. With things like reimbursement rates, patient satisfaction, patient safety, antibiotics usage, and more on the line, you need to know that the numbers you’re relying on to make decisions are trusted and consistent throughout the organization.
However, many healthcare organizations don’t currently have the trust they need in their data. Let’s examine. (more…)
The EDUCAUSE Annual Conference is one of the country’s largest gatherings in higher education IT, drawing more than 8,000 people from 46 different countries. The conference addresses the future of IT, and as always, one of the highlights is the announcement of EDUCAUSE’s Top 10 list of issues in IT.
Tweet: Data is at the heart of the 2019 EDUCAUSE Top 10 IT issues
The 2019 list features many of the same issues as were featured in 2018, albeit prioritized differently. More than half of the list relates to data, a reflection of the data initiatives many higher education institutions are working to implement. (more…)
When healthcare leaders think about information governance, they often think about it in a clinical context in terms of improving patient care, reducing variation, and so on. However, there is almost always a revenue driver behind information governance.
Tweet: How to start an information governance initiative
A failure to properly govern data can negatively impact a healthcare organization’s revenue cycle. In fact, recent survey results indicate that two-thirds of healthcare organizations use more than one system for revenue cycle management, and they tend to experience more issues with denials, impacting the bottom line. Clearly, there is a need for governed data. So if you are starting an information governance initiative, what do you need to consider? Here’s a look. (more…)
2017 was quite an eventful year in the healthcare industry. There was a lot of discussion about technological innovation, such as artificial intelligence and blockchain, and the impact this technology could have on healthcare. In addition, this year was marked by attempts to repeal the Affordable Care Act, as well as discussion around and implementation of new forms of payment in healthcare such as value-based care models.
Tweet: The future of data and analytics in healthcare
What will 2018 bring in healthcare? Will providers be able to take advantage of predictive analytics? How will data and analytics impact healthcare’s ability to measure population health? How will providers gain more trust in their data? Here are some of my thoughts on the future role of data and analytics in healthcare. (more…)
Dimensional Insight recently sponsored the Gartner Data & Analytics Summit in Frankfurt, Germany. The two-day event provided dozens of educational sessions from Gartner analysts and attracted 750 business intelligence and analytics leaders from around the world.
Tweet: Highlights from the Gartner Data & Analytics Summit in Frankfurt
What did these thought leaders say about BI today and where analytics is headed? Here are a few big takeaways. (more…)
Do you ever procrastinate or delay doing something you know is good for you? Of course, you do. We all do. It appears healthcare organizations do, too, when it comes to instituting data governance. A recent survey finds many hospitals are struggling to implement such systems.
Tweet: 3 lessons in implementing healthcare data governance
But just as a nudge from a friend can help us conquer personal procrastination, organizations that are stalled can learn from peers. Today we look at lessons from Covenant Healthcare, a healthcare system that recently set up its data governance. (more…)
This week, we announced the availability of Measure Factory, our new automation engine that is an add-on to Diver Platform. Our goal with Measure Factory is to help organizations make better data-driven decisions that ultimately benefit their finances, operations, patient care (in the case of hospitals), and more.
Tweet: 3 Ways Measure Factory Will Enable Data-Driven Decision Making
Want to learn more about Measure Factory and how it can benefit your organization? Here are 3 things Measure Factory is designed to accomplish.
Data integrity. It – or a lack thereof – can make or break a business intelligence implementation. How can analysts make better decisions when there’s no consistency between data definitions across different departments and data sources?
Tweet: Survey Says: Hospitals Struggle with Data Governance
Many hospitals are turning to data governance processes to help them manage their assets and ensure consistency between data. However, as a recent Dimensional Insight survey found, healthcare organizations are struggling to implement data governance. What are their most pressing concerns and challenges? Following are a few highlights from the survey. (more…)