Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.

Healthcare Data Management: Three Principles of Using Data to Its Full Potential

Author Douglas Laney is now tackling the topic of Infonomics: the practice of information economics. In his 2017 book, Infonomics: How to Monetize, Manage, and Measure Information as an asset for competitive advantage, Laney provides detailed rationale as well as a thoughtful framework for treating information as a modern-day organization’s most valuable asset.

This article walks through how healthcare organizations can leverage data to its full potential using this framework and the three principles of infonomics:

Measure - How much data does the organization have? What is it worth?
Manage - What data does the organization have? Where is it stored?
Monetize - How does the organization use data?

  • Identifiez-vous pour voir les commentaires

Healthcare Data Management: Three Principles of Using Data to Its Full Potential

  1. 1. Healthcare Data Management: Three Principles of Using Data to Its Full Potential
  2. 2. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. U.S. healthcare is too expensive and inefficient, with undesirable variation in quality. Healthcare organizations need to begin treating data as a powerful asset and be willing to invest in a strategy for leveraging it in order to address these issues and realize the Triple Aim. Effective Use of Healthcare Data
  3. 3. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Douglas Laney, author of 3D Data Management: Controlling Data Volume, Velocity, and Variety, is now tackling Infonomics: the practice of information economics. In his 2017 book, Infonomics: How to Monetize, Manage, and Measure Information as an asset for competitive advantage, Laney provides detailed rationale as well as a thoughtful framework for treating information as a modern- day organization’s most valuable asset. Effective Use of Healthcare Data
  4. 4. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Health Catalyst has been helping healthcare organizations measure, manage, and monetize data for more than a decade by using a three- systems approach for achieving meaningful, sustainable outcomes improvement. In this approach, best practice, analytics, and adoption are brought together to enable system- wide, sustained outcomes improvement. The framework asks: • “What should we do?” • “How are we doing?” • “How do we transform?” The Three Systems and Measuring, Managing, and Monetizing Data
  5. 5. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Three Ms of Infonomics invokes a similar three-component system for health systems to become information savvy. Laney’s book asks organizations to think about: The Three Systems and Measuring, Managing, and Monetizing Data Managing Data What data do we have? Measuring Data What data do we have? Monetizing Data How do we use data to transform?
  6. 6. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. With an investment in a robust data analytics program to measure data, powerful infrastructure in place for healthcare data management, and the right tools and resources in place to monetize data, healthcare organizations can begin to use their valuable data asset to its full potential in order to drive better health and financial outcomes for patients and providers. The Three Systems and Measuring, Managing, and Monetizing Data
  7. 7. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Most healthcare organizations have embraced the primacy of data to support evidence-based medicine and the emergence of value-based care. However, most have not yet made an equitable investment to make sure they are getting the most out of that asset by putting in place a comprehensive strategy. This framework of Measuring Data, Managing Data, and Monetizing Data set forth by Laney is a helpful guide to leveraging data to its full potential. Using Infonomics for Effective Healthcare Data Management
  8. 8. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Measure Data Using Infonomics for Effective Healthcare Data Management 1. Measuring Data is an organization’s willingness to invest in data as they would a valuable asset. • How much data does the organization have? • What is that data worth?
  9. 9. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Measure Data Using Infonomics for Effective Healthcare Data Management Data is everywhere in a healthcare organization. Data is constantly being generated throughout the system through the normal activities of conducting business and providing services – the billing system, EMR, prescription writing software, etc. Most healthcare systems recognize that much of this data has value, but many have failed to treat it as they would a tangible asset.
  10. 10. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Measure Data Using Infonomics for Effective Healthcare Data Management For instance, all hospitals likely know exactly how many beds they have at any given time. They know how much a bed costs, and how much it would be to replace it. That same kind of rigor is not being invested into knowing how much data the hospital has or what the financial impact might be to replace that data. Laney points to the failure of modern accounting systems to provide the motivation or mechanisms to quantify the impact of their information assets.
  11. 11. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Measure Data Using Infonomics for Effective Healthcare Data Management Consider Allina Health’s Success Story: by undertaking a data-driven approach to healthcare, the health system was able realize $125 million in financial improvements in one year using analytics that leveraged their highly valuable asset–data. While it may not be necessary for healthcare organizations to put a specific dollar amount on just how much their data is worth, having a concept of the order of magnitude can be helpful in driving organizations towards thinking about how their data could improve the bottom line, whether through saving money or improving care.
  12. 12. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management 2. Managing Data is an organization’s ability to track and inventory data like a physical asset. • What data does the organization have?
  13. 13. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management Once health organizations have acknowledged the value of their data (measuring data), the next step is to determine where it’s coming from and how it is stored (managing data). Effective healthcare data manage- ment means understanding where the data is and the ability to get the data into some form where it can be appropriately managed.
  14. 14. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management Revisiting the example of the hospital bed to help illustrate the difference in the way health systems treat physical assets, hospitals know how many beds they have, and they know where those beds are at any given time. They may even use RFID tags to track the movement of these beds. However, does that same hospital know the origination and location of all data in its ecosystem? They know what percentage of beds are in use at any given time—do they know how fully their data is being used across the organization?
  15. 15. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management In his book, Laney tackles both impediments and best practices for managing all forms of information assets. Health systems have many sources of data– some they carefully track and monitor and some they don’t, such as data from testing machines or data from RFID tags used to manage hospital beds. It is difficult to promote and control access to data without a healthcare data analytics platform in place.
  16. 16. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management Managing Data in a healthcare organization means having a data operating system in place that serves as the foundation for getting data under centralized control and ensuring its availability across the organization. With the Health Catalyst Data Operating System (DOS™) Solution, data is pulled in from a wide variety of source systems, providing a single control point where individual access rights can be granted.
  17. 17. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Manage Data Using Infonomics for Effective Healthcare Data Management From there, the organization can establish data governance and track data lineage as data is enriched and spread to the edges of the organization. The organization knows what data they have, where it’s coming from, what it means, who has access, and how fully that access is being exercised. With the right management infrastructure in place, the organization is then in a position to monetize their data.
  18. 18. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management 3. Monetizing Data is an organization’s ability to leverage information assets. • How does the organization use data?
  19. 19. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management A hospital knows how many beds they have (measure), where those beds are at any given time (manage), and how much they can bill for patients needing to stay in specific room types (monetize). Laney’s exploration of the monetization of data shows that this could take many forms.
  20. 20. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management It could be taken literally in the ability to sell data, but in healthcare, the monetization of data is not just about money. It means improving the quality of care, improving patient experiences, lowering the cost of care that’s being delivered, discovering new revenue streams, improving the lives of care providers, or optimizing services.
  21. 21. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management In the case of Allina Health mentioned above, the combination of clinical, operational, and financial improvement projects resulted in a massive positive impact on the bottom line. Thirty million dollars of the realized $125 million impact came as the result of reducing unwanted clinical variation through a variety of improvement projects, including lowering heart failure readmissions, improving stroke care, improving outcomes for spinal conditions, and more.
  22. 22. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management Once the healthcare organization has the infrastructure in place to manage the data, they can then begin to utilize specific tools and programs to monetize their data. For Health Catalyst clients, they have DOS in place to manage their data, and then a suite of more than 70 applications and analysis tools on top of DOS to help them monetize their data.
  23. 23. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. How to Monetize Data Using Infonomics for Effective Healthcare Data Management They can prevent harm to patients using Patient Safety Monitor™, reduce the cost of care using the Corus Suite™, which helps users understand the cost of care. They then know where to focus in order to cut costs, and improve population health using the Community Care advanced application to deliver quality data to healthcare providers. It let’s providers know how well they’re doing in treating populations and to identify non- compliant patients needing management.
  24. 24. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. The Value of Healthcare Data Management Since its inception in 2008, Health Catalyst has been treating data as a valuable asset and has been helping health systems do what Laney recommends: measure, manage, and monetize the value that data brings to the organization. Health systems are generating an incredible volume of data, and Health Catalyst is poised to help its partners leverage this data to its full potential with effective healthcare data management.
  25. 25. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. For more information: “This book is a fantastic piece of work” – Robert Lindeman MD, FAAP, Chief Physician Quality Officer
  26. 26. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. More about this topic Link to original article for a more in-depth discussion. Healthcare Data Management: Three Principles of Using Data to Its Full Potential Cloud-Based Open-Platform Data Solutions: The Best Way to Meet Today’s Growing Health Data Demands Jared Crapo, Sales, SVP; Linda Simovic, Principal Program Manager, Azure for Health and Life Sciences In Healthcare Predictive Analytics, Big Data Is Sometimes a Big Mess David Crockett 7 Essential Practices for Data Governance in Healthcare Dale Sanders, President of Technology Hadoop in Healthcare: Getting More from Analytics Bryan Hinton, Software Engineering, SVP; Sean Stohl The Case for Healthcare Data Literacy: It’s Not About Big Data Dale Sanders, President of Technology
  27. 27. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Sean joined Health Catalyst in January 2015 as an Engagement Lead. He comes to Health Catalyst from Valence Health where he worked as a Solutions Delivery Manager and then as Director of Program Management. Prior to Valence, Sean worked for Northwestern University Medical School in project and program management with a primary focus on creating tools to support clinical research. Other Clinical Quality Improvement Resources Click to read additional information at www.healthcatalyst.com Sean Whitaker
  28. 28. © 2018 Health Catalyst Proprietary. Feel free to share but we would appreciate a Health Catalyst citation. Other Clinical Quality Improvement Resources Click to read additional information at www.healthcatalyst.com Health Catalyst is a mission-driven data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes improve clinical, financial, and operational outcomes needed to improve population health and accountable care. Our proven enterprise data warehouse (EDW) and analytics platform helps improve quality, add efficiency and lower costs in support of more than 65 million patients for organizations ranging from the largest US health system to forward-thinking physician practices. Health Catalyst was recently named as the leader in the enterprise healthcare BI market in improvement by KLAS, and has received numerous best-place-to work awards including Modern Healthcare in 2013, 2014, and 2015, as well as other recognitions such as “Best Place to work for Millenials, and a “Best Perks for Women.”

×