Big Data

The “Post-EHR” Era Will Require Hospitals To Get More Value Out Of Their EHR Data

January 18, 2018 / Big Data, Clinical Documentation, Hospital Finance, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

Hospitals are just scratching the surface of the value that they can derive from the data in their Electronic Health Records (EHRs). Simultaneously, they are facing a growing threat to their EHR data – physicians and other clinicians are increasingly vocal about their frustration with the time they are spending documenting encounters in EHRs instead […]

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Using Clean Data To Get More Out Of Your EMR Investment

December 15, 2017 / Big Data, Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Revenue Cycle, The Business of Surgery /

Hospitals and healthcare systems across the US have spent billions of dollars per year over the last decade implementing electronic medical record (EMR) systems across their operations. A lot of the promise of EMR systems for hospitals is the data that they can collect that can be used for a wide range of analyses: cost

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Using Analytics to Improve Quality and Lower Costs

December 12, 2017 / Big Data, Clinical Documentation, Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, The Business of Surgery /

As healthcare providers continue to pursue the triple aim, leading hospitals are turning to data analytics to identify major areas for improvement in daily operations. All three of the triple aim objectives – patient experience, population health and cost – can be attacked in various ways by analyzing high fidelity data for trends and patterns.

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Return Clinician Time To Patients With EMR Improvements

March 6, 2018 / Big Data, Clinical Documentation, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

Physicians and other clinicians in hospitals have been increasingly vocal about their frustration with the time they are spending documenting encounters in EMRs instead of focusing on patient care.  Backing up that claim is a study published in the Annals of Internal Medicine that found that only 27% of the average day is spent by

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Hospital Supplies– A $23 Billion Savings Opportunity?

September 20, 2017 / Big Data, Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, Supply Chain, The Business of Surgery /

A recent study by Navigant Consulting concluded that the average hospital could achieve supply savings of nearly $10 million annually, or 17.8%, by pursuing some basic strategic initiatives.  With hospital margins often hovering near breakeven, that is an additional $10 million in savings that can flow directly to the bottom line. The other key finding

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How to Set a Consignment Strategy

August 16, 2022 / Big Data, Cath Lab, Cost Reduction, Hospital Finance, Hospital Management, Operating Rooms, Operational Efficiency, Radiology, Supply Chain, The Business of Surgery /

Consignment items have been a frequent subject of conversations we have with inventory managers in procedural areas of hospitals.  Many hospitals that we’ve visited have a mix of consigned and owned products in their inventory. However, when you dig deeper you’ll find that many supplies were added to inventory as consigned or owned for inconsistent

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Do You Hear Too Many Footsteps?

September 7, 2017 / Big Data, Cath Lab, Cost Reduction, Hospital Finance, Hospital Management, Operating Rooms, Operational Efficiency, Radiology, Supply Chain, The Business of Surgery /

Today, most hospitals are starting to understand what items and supplies they use by looking at data coming out of their documentation or materials management systems.  Maybe they even go a step further to standardize on certain products (it seems like every hospital has a “Product Standardization Committee” and/or “Value Analysis Committee”). But does your

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How To Use Data To Improve Revenue and Outcomes

August 30, 2017 / Big Data, Clinical Documentation, Hospital Finance, Hospital IT, Hospital Management, Revenue Cycle, The Business of Surgery /

Maximizing revenue and patient satisfaction is a constant struggle in today’s healthcare environment.  Many decisions result in improving one at the expense of the other.  A recent presentation by Wise Health System at the Healthcare Financial Management Association’s ANI conference in Orlando spoke about how to accomplish both goals with a data-driven culture. The endeavor

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Comparing Supply Tracking Technologies

August 30, 2017 / Big Data, Cath Lab, Hospital IT, Operating Rooms, Radiology, Supply Chain, The Business of Surgery /

Why Explore Supply Tracking Automation? Hospitals and health systems in the US are typically generating annual revenues in the hundreds of millions to billions of dollars. Their profit margins are razor thin and getting squeezed tighter each day. Yet hospitals, and specifically their procedural areas like the ORs, Cath Labs and Interventional Radiology, are sitting

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How to Use Data to Get Lean With Medical Devices and Increase Patient Safety

August 30, 2017 / Big Data, Clinical Documentation, Cost Reduction, Hospital Finance, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

We’ve all seen it (and maybe even done it ourselves) – thousands of dollars of medical devices tucked away in our desks, filing cabinets, ceilings, wherever we can find a secret space. This isn’t a practice intended to waste hospital dollars, it’s done with the best intention – patient safety. When a patient needs a

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