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Performance improvement: a "left brain meets right brain" approach
Ross Hammarstedt1, Deborah Bulger
1McKesson Provider Technologies, Hadley, Mass, USA. ross.hammarstedt@mckesson.com
Summary
Clinical analytics uses data to link clinical quality with financial performance, enhancing hospital competitiveness. This approach enables performance measurement, supports data-driven decisions, and aids in managing regulations and IT investments.
Area of Science:
- Healthcare Management
- Health Informatics
- Data Analytics
Background:
- Hospitals face increasing pressure to demonstrate value and efficiency.
- Linking clinical quality metrics to financial outcomes is crucial for competitive advantage.
- Data-driven decision-making is becoming essential in modern healthcare settings.
Purpose of the Study:
- To outline the strategic benefits of clinical analytics for hospital competitiveness.
- To identify key areas where clinical analytics can be applied to improve hospital performance.
Main Methods:
- The study defines clinical analytics as the use of data to connect clinical quality with financial performance.
- It identifies five primary ways clinical analytics strengthens hospital competitiveness.
Main Results:
- Clinical analytics enables the measurement of clinical performance using clinical data.
- It fosters a metric-driven organizational culture.
- It improves the management of regulatory initiatives.
- It provides a means to document the value of IT investments.
- It offers a foundation for redefining business strategies.
Conclusions:
- Clinical analytics is a vital tool for hospitals seeking to enhance their competitive position.
- By leveraging data, hospitals can achieve better clinical outcomes and financial performance.
- Strategic implementation of clinical analytics supports long-term sustainability and growth.
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