One recent survey indicated that 60 percent of participating CFOs reported they wanted to be able to create better dashboards and visualizations and to pull data from multiple sources into a single report.
Access to comprehensive performance management reporting is necessary for driving enterprise-level strategy and growth.
Performance Management reporting in health care is essential in every aspect of strategic and financial planning, as well as tactical execution and monitoring. It creates transparency around the progress of Performance Improvement initiatives and informs decisions in today’s evolving value-based care delivery and payment model. Recent reports consistently show, however, that health care organization (HCO) leadership aren’t satisfied with their organizations’ reporting capabilities.
A Kaufman Hall report published earlier this year tracked performance management, progress, trends, and priorities in the health care system, surveying senior executives at 160 HCOs. The report revealed that only 7 percent of those surveyed were highly satisfied with the reporting capabilities at their organizations.
The main reporting challenges mentioned included:
- Creating better dashboards and visuals
- Pulling data from multiple sources into a single report
- Accessing clean, consistent, and trusted data
- Drilling into reports to understand underlying data
- Ease of report creation
- Delivering meaningful ad hoc reporting for end users
Why HCOs Need a Comprehensive Reporting System
A health care system that is lacking in its reporting capabilities may place both their clinical department stakeholders and patients at risk, as well as impede informed decision-making, ultimately having a negative effect on the bottom line.
What happens when you can’t drill into reports to understand the underlying data?
In order for cross-functional teams to work together to improve performance, they need a transparent, relevant, and dynamic performance analytics solution that allows them to quickly understand causal factors and develop action plans that offer the most impact. This isn’t possible if your performance analytics tool is providing your team with simple “where” and “when” answers to questions from data that is pulled from silos.
What happens when your data is not trustworthy?
Poor-quality data makes it difficult, if not impossible, to gain and maintain the trust of clinical department stakeholders so they have the confidence necessary to participate in companywide performance improvement conversations. To ensure the integrity of the data being used, an analytics solution should include ongoing services designed to rapidly identify data gaps and anomalies, while ensuring historical accuracy.
What happens when your analytics application isn’t providing a comprehensive look at performance?
The integration of data from multiple data sources is the only way to get a 360-degree view of key performance indicators as well as the underlying clinical and operational details so that the data is actionable. Understanding these drivers of performance requires an in-depth analysis that is both deep and broad enough to identify causal factors. This allows for a more complete story than what is offered by a simple, hierarchical drill-down of aggregate data.
d2i is different. No other health care analytics tool comes close.
d2i is an effective tool for navigating the ever-changing, complex world of quality reporting. Our solutions give clinical department stakeholders access to clean, consistent, and reliable data, as well as a 360-degree view of performance using a Balanced Scorecard model to organize and present key performance metrics. Our reports are user-friendly, provide detail on a granular level as needed, and enable leadership to take action on their data. Contact us to learn more about why no other health care analytics tool compares, or schedule a 30-minute demo to see our application in action.