Building Real-Time Analytics for Practice Improvement
(Room Room 210)
09 Oct 17
7:00 AM
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8:00 AM
Tracks:
Financial Management
There is an old saying "you cannot manage what you don't measure." The future of data analytics requires the need for live, real-time data. Several key financial statements, including balance sheets, income statements, physician/provider productivity, operating and capital budgets, pro formas, dashboards and benchmarks, should be utilized in all practices along with data analytic tools to best analyze, evaluate and manage the performance of your practice. Having an objective basis for decision making will assist in implementing financial and operational improvements. If you cannot measure your progress, you have no way to know if you are moving toward your intended outcome. Utilizing key financial indicators, you can measure your progress toward reaching your goals.