Business Intelligence and Analytics: Overview and Offerings
Advisory Board research indicates that within specific terrains, what often separates the top one to three percent of performers from the top quartile—in other words, the truly great from the very good—is access to better, more timely, and more accurate information. In order to help organizations gain this kind of visibility into their performance, the Advisory Board has developed innovative Web-based business intelligence tools which provide members with real-time decision support, robust data collection, advanced analytical capabilities, and quantitative research.
The Advisory Board is currently sponsoring a series of ROI-driven research initiatives based upon the use of the aforementioned tools, along with best practice support and services. Through the discrete terrains listed below, we aspire to help individual hospitals and health systems transform their immense reservoirs of data into actionable information they can use to enhance performance, while simultaneously serving as research laboratories for best practice dissemination to a broader cohort of organizations.
Finance Solutions
Revenue Cycle Performance: Revenue Cycle Compass
Providing chief financial officers and patient financial services executives with measurement and analytics to drive improved collections and accounts receivable performance.More about: Revenue Cycle Performance
Bad Debt Performance: Self-Pay Compass
Providing chief financial officers and patient financial services executives with information and analytics to enhance self-pay collections and appropriately identify charity care.More about: Bad Debt Performance
Supply Chain Performance: Spend Compass
Providing chief financial officers and supply chain executives with measurement and analytics to improve performance on supply costs, physician enfranchisement in supply reform, and vendor utilization and negotiation.More about: Supply Chain Performance
RAC Response Solutions: Revenue Integrity Compass
Assisting hospitals navigate the complexities associated with the Recovery Audit Contractor (RAC) program, minimize RAC exposure risk and ultimately ensure appropriate reimbursements by hardwiring best practices in anticipating, tracking, and appealing RAC audits.More about: Revenue Integrity Compass
Workforce and Operations Solutions
Physician Performance: The Crimson Initiative
Providing a physician management and data analysis platform and set of cohort services designed to elevate physician performance with the unique capability of integrating charge, cost, core measures, and physician quality data to create a severity-adjusted view of physician performance.More about: Physician Performance
Surgery Performance: Surgery Compass
Providing chief operating officers, chief nursing officers, service line directors, and operating room managers with measurement and analytics to drive improved surgical efficiency, physician satisfaction, and profitability.More about: Surgery Performance
Nursing Business Performance : Nursing Compass
Providing chief nurse executives and unit managers with measurement and analytics to drive staffing, productivity, and nursing quality performance improvements across the organization.More about: Nursing Compass Program
