The New World of Healthcare is Here

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OV E RV I E W B R O C H U R E

Hospital executives need to have information at their fingertips to help them make good business decisions.

They must act quickly and confidently in a climate of uncertainty, where affordability, transparency and outcomes are all on the line.

The compelling solution. An integrated clinical and financial business intelligence system can help healthcare leaders meet challenges from all sides: the Affordable Care Act, Meaningful Use certification, pay-for-performance, insurance changes, and more as the industry transforms.

Of course, the benefits are enormous — including happier patients, more productive staff and healthier bottom lines.

Mounting Pressure

Why Healthcare Organizations are using Business Intelligence

The New World of Healthcare is HereHealthcare leaders are acutely aware of the importance of IT investments to help automate delivery processes and improve outcomes. Few healthcare organizations have built an enterprise information management capability, even though they recognize the need to use it to respond to growing market pressures.

The cry for healthcare business intelligence is loud and clear.

Business Week Research Services and Microsoft. (2009). Business Intelligence for Healthcare: The New Prescription for Boosting Cost Management, Productivity and Medical Outcomes [White paper]. Retrieved from http://mediakit.businessweek.com/Products/Research_Services/White_Papers

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Savvy hospital executives are meeting this challenge head on, turning the outcry for more and better information to their advantage. They know that better information will help them reduce costs, maximize reimbursements, and improve quality of care — and those are just the tip of the iceberg.

It’s crucial to act now, to transform the sheer mass of data into actionable knowledge and deeper insights for everyone across the organization.

A Single Source of Truth

Expanding VisionMedical data is doubling every five years, and that’s just a portion of the data captured in a health system.

Technology systems commonly in place capture only a small slice of that data and can’t provide enterprise-wide analytics.

How can organizations sort through all of the data in all of their systems to understand what’s relevant? To make the right decisions, they need to combine data from all areas — including clinical, administrative, financial and research — into a single source of information.

The opportunity is here: • Get a clear, accurate, comprehensive

single source of truth• See an enterprise-wide view of data• Measure quality of care, costs, risks and more• Empower teams with actionable knowledge

An integrated clinical and financial business intelligence system — specifically a scalable Enterprise Data Warehouse (EDW) — combines a variety of data from systems such as electronic health records, ERP, cost accounting, patient experience and management into actionable knowledge.

Donovan, P. (2012). Infographic: How Technology Impacts Healthcare’s Future. HIN Blog. Retrieved February 7, 2013, from http://hin.com/blog/2012/11/27/infographic-how-technology-impacts-healthcares-future/.

How Healthcare Data is GrowingThe amount of healthcare data worldwide is expected to increase to 50 times the current load, to 25,000 petabytes.

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Deeper Insights Mean Informed Decisions

While we could have built the clinical data warehouse ourselves over a period of many years, HCD provides us with the ability to fast track our project in a way that would not be possible otherwise. – Darren Dworkin, CIO, Cedars-Sinai Health System

KnowledgeEdge, including its enterprise data model, dashboards, reports, applications, and user-driven analytics, helps hospitals and health systems effectively and efficiently gain deeper insights into their operations.

KnowlegeEdge™ is PowerMany hospitals and health systems recognize that implementing an EDW can improve decision-making across the whole organization.

Leadership teams may choose to build an EDW in-house or buy from a vendor. Some opt to build systems using internal resources or patch them together in parts. Others elect a tools-enabled service engagement or license a more generic BI offering.

Arguably the smartest decision is to implement a packaged EDW designed specifically for healthcare by healthcare experts — a choice that can save time, money and effort.

• Enterprise-wide view• Pre-built content and user – driven analytics• Quickest to value• Laser focus on healthcare• Deep healthcare expertise

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C-suite leaders and many other internal stakeholders require organization-wide business intelligence every day to help them make more informed decisions, improve quality of care, enhance patient satisfaction, achieve savings and grow revenue.

Benefits Throughout the Organization

Organization-wide Intelligence

The set of tools that HCD has packaged into its EDW makes it easy for Orlando Health to get quick results and build a foundation for the future without having to assemble the tools normally required to make an EDW successful. – Rick Schooler, CIO, Orlando Health

KnowledgeEdge provides a single source of truththat empowers the entire organization to make more informed and timely decisions, from the operating room to the board room.

• Fully meets the demands of changing healthcare systems • Satisfies competing priorities with effective collaboration• Establishes a solid and visionary foundation for the future

Data from across the enterprise — including source systems from the financial, administrative, clinical, and research areas — is centralized into HCD’s data model, enabling users to ask questions and get immediate answers. They spend their time analyzing information, instead of collecting data from across disparate systems.

Operate at peak IT efficiencyCIOIncrease or retain revenuesCFOImprove outcomesCMO

Enterprise Data WarehouseBundled software, hardware and support

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Positive Transformation

With KnowledgeEdge, healthcare systems are well positioned to extract and analyze critical data across all aspects of their organizations. As a result, they have access to actionable knowledge so they can make decisions that enable higher quality results and lower costs.

– Detlev H. (Herb) Smaltz, Chairman and Founder, Health Care DataWorks

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