Magazine Article | November 26, 2013

BI/Analytics Drives MU Performance, Cost Savings

Source: Health IT Outcomes

By Katie Wike, contributing editor

For small hospitals such as Hopkins County Memorial, switching to a customizable BI program can save money, end outsourcing, and aid in Meaningful Use (MU) preparation.

In 2011, only 10 percent of U.S. hospitals had adopted a health data analytics tool. By 2016, that number is expected to jump to 50 percent nationwide. Hospitals such as Hopkins County Memorial (“Memorial”) that have already installed business intelligence (BI) and analytics technology are seeing the benefits of having such tools to prepare for MU and convert raw data into useful reports. But for Memorial, a 93-bed facility servicing 30,000 residents of Hopkins County, TX and neighboring counties in Northeast TX, realizing those benefits took some time — and a revamping of its existing BI system.

Because there has been a shift from pay-forreporting to pay-for-performance, there has to be data to back up providers’ claims of quality in these areas. EHR incentive programs, Medicare reimbursements, and Medicare penalties are all reasons quality analytics are more important than ever before.

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