The Details Behind the Metrics: An In-Depth Look at Performance & Market Insights
The shift to value-based care has placed increased pressure on healthcare providers to collect real world insights and actionable intelligence. Now more than ever, it’s critical that caregivers are empowered to make informed decisions based on accurate, reliable, and up-to-date data. But why is it so important? Simply put, data has a direct impact on the quality-of-care facilities are able to provide and contributes greatly to driving improved outcomes for patients.
To improve performance, you must look inside the walls of your facility. To prove your value to the market at large, you must look outside of your own facility. This is the value of Performance and Market Insights.
Performance Insights gives skilled nursing organizations greater visibility into data that enables them to address and improve specific areas. With Market Insights, they can gain a deeper understanding of where they stand in the overall network, initiate meaningful conversations with partners, and become trusted advisors.
From insight to action
Performance Insights delivers the clinical, financial, and operational metrics that enhance patient care, improve quality of care, and facilitate reimbursement. It allows nurses to have immediate access to details such as admission increases/ decreases, emergency department visits, length of stay, and reimbursement insights of all Patient-Driven Payment Model (PDPM) residents.
With data in one centralized location, caregivers can easily hone in on exactly what they are interested in at that moment. Taking it a step further, it facilitates the ability to follow trends within the organization and identify what needs to be improved to increase performance. By closely monitoring key performance indicators, facilities are empowered to find the root cause of issues, proactively manage risk, and act swiftly when unexpected problems occur.
Own your value
If Performance Insights ensures you are driving the best outcomes possible, Market Insights lets you shout it from the rooftops.
Use Market Insights to show your value to acute partners, strengthen your reputation in the network, and gain more referrals. With access to comprehensive industry data, caregivers can easily compare performance and seamlessly communicate value with real-time electronic health record (EHR) reporting that showcases unique strengths.
Specialized reporting within Market Insights generates metrics and measures for any patient population, in addition to discharge patterns, market share, readmissions, Managed Care adoption and more.
Go beyond reporting to true business intelligence
With Performance and Market Insights, senior-living organizations go beyond traditional reporting to gather business intelligence that can have a marked impact on overall performance and standing in the competitive landscape. Moving forward, facilities can no longer operate in silos; they must have detailed data and be able to communicate that data to partners.
February 24, 2021