Why Healthcare Should “Double-Down” on Exploring AI-powered BI for Reporting
Not understanding data often is the difference between success and failure.
- Between positive and negative health outcomes.
- Between improving and worsening patient satisfaction.
- Between increasing or decreasing revenue.
Many areas in healthcare rely not only on the collection of data but, importantly, the ability to decipher and act upon it. In that intersection, reporting was born. After the advent of reporting, healthcare organizations looked to business intelligence to understand and act more quickly on the information created by data.
A new three-part article by MedeAnalytics President Scott Hampel focuses on reporting trends in healthcare. Learn why healthcare organizations must transition from manual reporting to AI-fueled predictive analytics.
Get our take on industry trends
Why Health Plans and Employers Need Stop Loss Reporting
Due to rising healthcare costs and the Affordable Care Act removing the ban on capitated benefits coverage, numerous employers with self-insured health plans often purchase stop loss coverage. This coverage is not medical insurance; but rather, it’s a financial and risk management tool that protects the employer from excessive claims.
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Bridge the Payer/Provider Data Gap
Every patient has a plethora of data associated with their health record, which can include decades of enrollments, claims, accounts and charges. Much of this data is not housed within the same institutional, facility or provider database…
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Digging deeper: Leveraging analytics to boost service line profitability
Regardless of the size of the hospital or health system, you need to look beyond traditional operational metrics to fully understand your organization’s performance. Insights into revenue, volume, cost, quality and variation across service lines are key to improving both performance and profitability.
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