Use Your Data for Strategic Impact on Value

We live in a world overflowing with data. I’ve written before about big data and the danger of focusing on data to the exclusion of driving meaningful insights. Without using data effectively, we can’t affect positive change.

The HealthLeader’s report, Impactful Analytics: Driving Clinical, Financial, and Cultural Change had some excellent insights on how healthcare organizations can utilize data to drive meaningful change and create value. HealthLeaders noted: “Developing operational and strategic imperatives from all that data is dependent upon analytics…Leaders are making critical decisions on the tools that will help them make sense of their data to not only drive smart clinical decision-making, but to allocate scarce resources toward gaining efficiency and competing on cost.”

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In This Era of Big Data, Avoid Being Data Rich and Information Poor

We live in the era of “big data.” It’s a term we come across on a nearly daily basis. The biggest problem with big data—pardon the play on words—is that data alone without insight can leave you information poor.

Recently, at Becker’s Hospital Review 5th Annual Meeting, one of the keynote speakers, Toby Cosgrove, MD, president and CEO of Cleveland Clinic, touched on how his organization was dealing with big data through its spin-off Explorys, which ties together disparate healthcare data from providers, payers, care settings and EMRs. The goal of Explorys is to help the Cleveland Clinic and other healthcare organizations manage and make sense of big data: because data is only data, unless you know how to utilize it to make improvements.

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