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Creating a culture for value measurement
Summary
OSF HealthCare
Area of Science:
- Healthcare Administration
- Organizational Performance Management
Background:
- Effective performance measurement is crucial for healthcare organizations.
- Stakeholder alignment requires clear communication of organizational goals and results.
Purpose of the Study:
- To describe the functionalities and benefits of OSF HealthCare's executive dashboard.
- To highlight the dashboard's role in strategic planning and value-based care transition.
Main Methods:
- Development and implementation of a comprehensive executive dashboard.
- Integration of key performance indicators (KPIs) linked to organizational mission and vision.
Main Results:
- The dashboard offers a holistic performance snapshot for all stakeholders.
- It clarifies relationships between system goals, initiatives, and outcomes.
- Identifies priority performance measures and areas for improvement.
Conclusions:
- The executive dashboard facilitates a clear understanding of organizational performance.
- It serves as a strategic tool for transitioning to a value-based business model.
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