An Organization-Wide Approach in Avoiding “Data Dumpsters” – Part 1 of 2

This blog is first installment of a two-part series and will explore the best ways for individuals to stay focused as a way to avoid creating a “data dumpster.” The second post will examine the data needs of key stakeholders within a provider organization, including executive leadership, research and industry experts, analysts, front-line staff and operational decision makers.

Analytics programs are becoming a huge priority for healthcare organizations, according to a recent industry survey. As such, we are seeing a pattern where healthcare professionals often try to extract as much data as possible from multiple sources. The purpose of having this information is to save time and avoid having to involve a whole slew of IT support folks. Yet, much of this data is often unused and prevented from entering an analytics engine. The New England Journal of Medicine recently published a paper on this trend, likening the data hoarding to the creation of “data dumpsters,” or repositories that lack metadata or documentation to put information into context.

To address this growing issue and to make the most of valuable data, it is important that providers focus and ensure that all stakeholders within the organization understand how they can use data analytics.

How to Avoid Diluting Focus

Understand that your managers already use up all of the time in their day (usually above and beyond the mythical 40 hour work week). Therefore, every minute looking at data and trying to interpret large tables comes at a cost. Although buried in each one of those data sets are plenty of fascinating “insights” and intriguing projects, they don’t move the needle on the important strategic priorities. To avoid diluting focus, consider the follow suggestions.

  • Define what is important to you as an organization. Hold team members accountable to these numbers. 
  • Present “success” realistically using benchmarking and understand the 80/20 rule. Is it worth spending a lot of effort to lower your Days in AR when you are already at the 90th percentile nation-wide?
  • Quantify “insights” in terms of bottom line impact. Work on the projects that have the “biggest bang for the buck.” Advanced analytics can help quantify the opportunity available in a number of areas. Direct your focus to areas where there is fat to be cut.
  • Consider hypotheticals. Imagine that you discovered what you were looking for. Then what?  If you don’t know how to translate your hypothetical insight into action, there is no chance that real insight from further analysis is worth your time.

For more details on understanding data consumers and their data needs within an organization, from executives to front line staff, tune back in to the second of this two-part blog series later this month

Posted in

MedeAnalytics

MedeAnalytics is a leader in healthcare analytics, providing innovative solutions that enable measurable impact for healthcare payers and providers. With the most advanced data orchestration in healthcare, payers and providers count on us to deliver actionable insights that improve financial, operational, and clinical outcomes. To date, we’ve helped uncover millions of dollars in savings annually.

Leave a Comment





Get our take on industry trends

Discover how Accountable Care Organizations can thrive amidst healthcare challenges.

Helping Accountable Care Organizations Navigate the Perfect Storm

December 6, 2024

In the ever-evolving landscape of healthcare, Accountable Care Organizations (ACOs) find themselves at the epicenter of a transformative era. Recently,…

Read on...
Medicare Rule Changes 2026: What Healthcare Organizations Need to Know

Navigating the Medicare Landscape: Implications of the Latest Rule Changes for Healthcare Organizations

December 6, 2024

The Centers for Medicare & Medicaid Services (CMS) has recently unveiled significant proposed changes to Medicare Advantage (MA), Medicare Prescription…

Read on...

Introduction to social risk: What healthcare leaders need to understand

September 27, 2024

‘Social determinants of health’ has been a common phrase for decades now, but the term social risk is much less…

Read on...

AI is your new crystal ball: How predictive analytics can reduce denials

September 23, 2024

The idea of having a crystal ball to better understand what claims will be denied is an awesome concept. But one we can’t rely on. Thankfully, we have predictive analytics to take the place of a crystal ball.

Read on...