As Chief Medical Officer, you face

growing challenges fueled by an evolving

regulatory climate, coupled with demands

within your own organization to improve

quality of care and manage to a lengthy

list of metrics.

You oversee the clinical aspects of Value-based Purchasing to help your healthcare organization earn back withheld Medicare reimbursements and also focus on medical affairs, resource utilization, quality assurance, and patient safety. Whether you’re monitoring productivity indicators or managing to benchmarks, access to data analytics is critical to your success.

The type of data that typically gains your attention falls within the clinical and administrative functions, such as turnover rates, absenteeism, and patient, physician, and staff satisfaction surveys. Therefore, it is common for CMOs to have a singular focus when gathering and extracting data, gravitating to the clinical aspects and relying on solutions such as:

• Clinical data warehouse, where only clinical data is aggregated.

• Electronic medical records (EMR) with analytics, which usually does not allow for reporting or analytics outside the connected system.

• Manual data collection and analysis, a time-intensive process involving business analysts to develop reports by culling Excel spreadsheets and other documents.

While each of these tools can provide a worthwhile clinical snapshot, exposure to a much broader view of organizational information – “business intelligence” – can empower you to become more effective on a daily basis in leading the strategic planning, execution, and implementation of care management programs. Business intelligence in the form of advanced analytics from across the organization contributes to more informed and timely decision making.

Advanced analytics are achievable with an enterprise data warehouse (EDW). While there are a variety of options available to implement an EDW, the KnowledgeEdge™ EDW from Health Care DataWorks isapowerful,flexiblechoicethatcanhelpyouin fivekeyways:

1. Allows easy access to organization-wide business intelligence when you need it. The KnowledgeEdge EDW provides an expanded view of what is occurring across the organization by aggregating, organizing, and analyzing data fromtheclinical,administrative,financial,andresearch functions. An easy-to-use portal enables you to access that information whenever you need it. You can view standard information, such as patient satisfaction, length of stay, readmissions, and hospital-caused infections, or run your own queries to establish trends or make decisions.

2. Arms you with timely and accurate information from your laptop or desktop. The KnowledgeEdge EDW creates a single, trusted source of information and provides the foundation for retrospective data analysis and predictive analytics. Through the portal, you can access information in nearly real time

Five Ways a Healthcare CMO Benefits from an Enterprise Data Warehouse

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to gain valuable insights into metrics such as mortality causes, clinical outcomes, and productivity by individual physicians.

3. Enables you to improve your most important metrics. The KnowledgeEdge EDW contains pre-built reports, dashboards, and applications to monitor a host of metrics, such as discharges by noon and other cost-versus-outcome measures. The Value-Based Purchasing application enables youtorun“what-if”scenariostoidentifyspecificmetrics that can be improved. You’re no longer limited by what an EMR or point solution can deliver for you.

4. Saves you and your team valuable time and effort. At a moment’s notice, the KnowledgeEdge EDW provides you and other designated users with access to actionable information through an easy-to-use portal. As a result, you and your teams can focus on answering questions through

analyzing information rather than spending valuable time and resources tracking down data.

5. Brings a rapid return on investment. The KnowledgeEdge EDW includes pre-built dashboards and other accelerators that speed implementation for quicker ROI. Additionally, if budgets are tight but you have money to invest in business intelligence, you can even implement the EDW in a departmental approach, bringingyourareaonlinefirst,followedby other departments in stages.

The KnowledgeEdge EDW is an enterprise-wide solution that enhances business intelligence capabilities and enables you to gain deeper insights into operations. It empowers you and the entire organization to make more informed and timely decisions from the operating room to the board room.

About HCDHealth Care DataWorks, Inc., a leading provider of business intelligence solutions, empowers healthcare organizations to improve their quality of care and reduce costs. Through its pioneering KnowledgeEdge™ product suite, including its enterprise data model, analytic dashboards, applications, and reports, Health Care DataWorks delivers an enterprise data warehouse necessary for hospitals and health systemstoeffectivelyandefficientlygaindeeper insights into their operations. For more information, visit www.hcdataworks.com.

Contact HCD

1.877.979.4239

www.hcdataworks.com

1801 Watermark Dr. Suite 250Columbus, OH 43215

info@hcdataworks.com

HEALTHCARE RAPID READ

hcdataworks.com | 1.877.979.4239 | 1801 Watermark Dr. Suite 250 Columbus, OH 43215 | info@hcdataworks.com