“Real Time” Data Makes a Real Difference in Finding and Fixing RCM Issues
Staying viable in today's increasingly complex healthcare environment is not an easy task for any hospital or health system. With the need to aggregate and comparing data from diverse platforms, with the various formats, using technology for identifying and correcting has become a major issue for hospital organizations. To find an issue, after it has caused a denial, is unacceptable.
Operational vs. Actionable Analytics
In the light of the unfortunate recent event of the COVID-19 pandemic, a growing number of hospital leaders, more than ever, are understanding the value of real-time data analytics versus the limitations of operational data analytics to address and promptly solve problems in every aspect of operations.
Key Trends Make (Near) Real-Time Data a Must-Have for Optimizing RCM
Among the various types of data that hospitals rely upon, only (near) real-time data enables hospital leaders to take action and follow up on that action to correct inefficiencies, denials and revenue leakage. In fact, key trends in hospital analytics are shifting toward (near) real-time analytics as an important step beyond problem definition. EFFY’s efficiency platform that overlays existing operational systems to help healthcare organizations 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.
EFFY Unveils Animation to Showcase How Actionable "Real Time" Analytics Help Hospitals Run More Efficiently
EFFY is pleased to release its first animated video designed to engage and inform hospital, hospital system and Integrated Delivery Network leaders about actionable "real time," or near real time, data analytics platforms and more specifically EFFY´s RAID Healthcare tool.
Hospital Systems Place High Value on Acquiring Actionable Analytics to Optimize Efficiencies, Improve Revenue Cycle Management
Hospital leaders face substantial challenges in terms of aggregating and comparing vast datasets to identify and correct problems. The substantial amount of data is prompting these healthcare organizations to recognize this deficit in their existing systems. As they learn about the value and benefits of actionable analytics to address and solve problems in virtually every aspect of operations, they’ve begun to adopt new technology now available on the market. A significant benefit is that these new platforms overlay current transactional systems to deliver a cleaner, smarter and cost-effective solution.