Generating data alone does not bring clarity. A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability increasingly depends on how effectively it can apply data analytics to inform improvement efforts related to quality, cost, and patient experience.
At the most basic level, the purpose of analytics is to get the right information to the right people to help them make the right decisions. To generate the greatest return on analytics, organizations must effectively analyze the data to:
- Identify opportunities across the many dimensions in which the organization must excel, utilizing data-driven decision making
- Prioritize opportunities based on their return, their strategic importance to the organization, and the effort and resources required to pursue them
- Realize opportunities by providing information that helps monitor and manage the initiatives that have been implemented, working to secure the anticipated returns
During this on-demand webinar, we review a framework and share examples of how hospitals and health systems can progress from identifying strategic opportunities to executing solutions that achieve each opportunity’s full potential and deliver the expected return on analytics.