One of the most important things to remember when undertaking an IT Data and Analytics Project is to avoid making it your last. IT projects are a crucial part of any business, as they help to streamline processes, improve efficiency, and increase productivity. However, these projects can also be complex and challenging, and it’s common
Purpose of Data Solutions Data solutions are designed to empower organizations with transparency, standardization, and enhanced utilization of their collected data. At CTI Data, we focus on developing and implementing enterprise data solutions that yield substantial returns on investment by focusing early on the underlying characteristics of a successful platform and a strategic roadmap defining how
Considering Modern Data Integration Methods Overview As more organizations implement robust data solutions and technology advances, there is always debate about what the best architecture, methods, and applications are to bring these solutions to life. Relational structured databases referred to as the modern data warehouse have been a favorite for it’s flexibility, ease of use,
Drawing from extensive experience working with lots of fast-growing companies, I knew there was more to better decisions than just more tools, more dashboards, and more visualizations. In addition, getting to insights faster doesn’t always ensure you’ll get to the correct business aspirations. The essence of strategy is to find a unique position in your business that
Analytics community governance is the concept that those who know the data most – those who create, analyze, and draw conclusions from the data – should be the ones creating governance policies around that data. Also known as bottom-up data governance, this practice ensures buy in from key stakeholders and end users while also creating
As the industry evolves, provider organizations will need to continue to adjust to attain revenue cycle excellence. A provider’s financial well-being is nearly always tied to the revenue cycle of the clinical practice. Higher-performing organizations have high levels of stakeholder engagement “up and down” the organization creating cascading scorecards that build toward common organizational goals.
From large-scale initiatives that bundle enhanced revenue cycle functions with overall organization performance, to new technology implementations, to effectively leveraging outside expertise, modernizing the revenue cycle involves more than taking a few steps and is more of a journey. Architecting a modernization process is best begun by developing and documenting process workflows and overlaying functional
A provider’s financial well-being is nearly always tied to the revenue cycle of the clinical practice. The commitment to measuring and monitoring performance is key for making process adjustments and setting appropriate goals. Technology integrated with practice management (PM) systems can accurately automate many RCM processes, which effectively increases cash flow, decreases staffing need, and
Our ongoing surveys of the healthcare environment have provided feedback from over 150 healthcare systems across the spectrum – general practices, specialist practices, acute care, behavioral health, substance abuse – and more than three-quarters identify the revenue cycle as their most pressing non-clinical challenge. Revenue cycle management is complicated and undergoing externally driven structural change
Successfully implementing an effective RCM strategy relies on developing a cohesive framework that is to be managed. For the purposes of this discussion, I’m defining the healthcare revenue cycle to include all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. At a high level, the many steps
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