Clinics that invest in custom analytics also lay the groundwork for
the inevitable future of value-based care.
Since rising healthcare costs don’t always equate to better
patient outcomes, healthcare systems are redefining how they measure success.
Unlike traditional volume- based care that focuses on delivering health services, value-based care emphasises on delivering health.
- Value-based care looks at the entire patient journey—from diagnosis and
treatment to aftercare and prevention. - In Asia Pacific, healthcare systems are already turning to
value-based care to tackle aging populations and rising chronic disease cases.
Do you want answers to questions that
are unique to your practice?
Automate reporting through custom analytics, so you can improve
decision making for growth.
Do you know how much your patient acquisition costs? Or your most effective marketing channel?
Are you experiencing higher costs but poorer patient outcomes?
KMS’s Clinics and Healthcare Analytics can help you answer questions specific to your practice—from decisions on profits to the best treatment plans.
Manual reports are tedious to generate, prone to errors and delays, and limit data analysis due to its inflexibility.
In today’s murky economic climate,
it’s crucial for businesses to rely on concrete data instead of pure intuition
Data-driven organizations are three times more likely to see major improvements in decision-making (Stobierski, 2019).
83% of executives in top-performing healthcare organizations from the US consider BI and analytics as their top priority to stay competitive (Cortada et al., 2012).
Implementing value-based care, however, is complex.
Healthcare providers need the right technology to collect quality structured data to monitor patient outcomes, allocate resources, set budgets and coordinate care.
Clinics can harness the rich data in their EMR to overcome these challenges.
“EMR is a gold mine of data. Now is the time to reap the rewards, so that we can
improve patient outcomes and experience and reduce healthcare costs,” says Dr Hairil Abdullah from SingHealth (SGH, 2019).
Healthcare providers who are less familiar with custom analytics can engage the
services of a BI consultant, who can act as your trusted advisor in navigating this world of data.
KMS is one of the most experienced implementation specialists of Business Intelligence, Analytics and Big Data solutions in Southeast Asia. In its 15 years of operations, the KMS team has worked with over 500 customers across 20 countries and more than 10,000 end users, including those in healthcare.
Finance
Monthly P&L, Monthly Balance sheet, Monthly cash Flow
Patient
Visit, count, demographics, length of stay
Revenue
By doctor, payer types, nationality, patient, center, trend
Doctors Performance
By revenue, patient, utilization rate, clinic
Clinic Performance
By revenue, patient, doctor
Drugs
Prescription trends, gross profit, margins, expiry
Common metrics that healthcare providers tend to focus on in custom
analytics include:
Operational revenue/cost/gross profit analysis across key segments
Patient Count/Visits across different time periods (YTD/MTD/WTD) and key segments Top x Patient Revenue/Counts/Diagnosis
Tracking specialised treatments/diagnosis (e.g chemotherapy/procedures)
Clinic utilisation percentage actual vs target – Doctor/Revenue
Patient proles to understand their target segments and marketing effectiveness Discount and profitability on Drugs
Payer/referral analysis – using custom drill down groups
“The BI Dashboards allow various areas of business management, such as financial, supply chain, human resource management, clinical outcomes monitoring, partnerships and patient
management to stay interrelated and exchange data with each other more effectively. The
convergence of custom analytics and big data opens up new opportunities for improved
operational efficiency, better-informed business decisions, and forecasting scenarios.”
The journey from conception to delivery of the BI dashboards by the KMS team was a successful one. The KMS Team is extremely professional. They have the expertise to not only understand our needs but also proactively suggest value-add ideas to make the project a great success.
I would highly recommend any healthcare organization that’s facing fragmented, ever-changing data —which is so important in dictating business outcomes and strategies—to reach out to KMS”
Interested in Creating Your Own Clinic Analysis Dashboard?
KMS is experienced in building Clinic Analysis Dashboards using
leading data visualization platforms. Our Clinic Analysis Dashboards are
capable of pulling data from multiple sources to produce interactive
visualisations for your clinic.
We provide a ready-made framework for clinic analysis with a very short set up time. Our data model is already established in the cloud thereby enabling a faster turnaround at lower cost. Clients can rely on our team of highly
competent technical consultants and developers with deep domain knowledge.
If you’re keen to build a Clinic Analysis Dashboard for your healthcare practice, you can reach out to KMS.
Get instant access to KMS Clinic
Analysis Dashboard
If you are interested in KMS Clinic
Analysis Dashboard,
please email Ashim Berry at
References:
Cortada, J. W., Gordon, D., & Lenihan, B. (2012). The value of analytics in healthcare. IBM Global Business Services.
https://www.ibm.com/downloads/cas/NJA9K0DV.
SGH. (2019). Data is king. Singapore General Hospital.
https://www.sgh.com.sg/news/tomorrows-medicine/data-is-king#
Stobierski, T. (2019). The Advantages of Data-Driven Decision-Making | HBS Online. Harvard Business School Online’s Business Insights Blog.
https://online.hbs.edu/blog/post/data-driven-decision-making
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