This article will explore the benefits of a data warehouse for Healthcare organizations using Sage 100.
All organizations rely on data to identify and meet goals, with plans for growth and development budgeted. Data warehousing is a powerful option to structure and enrich business intelligence (BI) and corporate performance management (CPM) analytics. A data warehouse (DW), by definition, is a multi-dimensional database that can house a significant amount of information, deriving from an assortment of sources within an organization, used to make good management decisions. Your information in DWs can be used in reporting, routine budgeting and forecasting, and dashboards – or big picture performance data questions. A DW organizes by subject, focusing interactions through topics, like financials, patients, services, or clinics. If you’re a Healthcare organization using Sage 100, this article will highlight the impact of a DW for your team.
This article discusses the modern, dynamic, and business user friendly financial reporting options available for Healthcare organizations using Sage 100.
It has been a while since I have blogged, and in that time, I have had several great opportunities to talk to finance and accounting professionals, as well as executives, about their Business Intelligence (BI) and Corporate Performance Management (CPM) needs. Some of these conversations happened at BI360 Focus 2016, some of these manifested as one-off conversations, and one even occurred on a flight to Portland. Lately though, it seems like I have not only been in conversation with more healthcare professionals, but I’ve also found myself personally and professionally curious about this industry. The healthcare industry seems to be one of the most complex and regulated sectors – and for good reason obviously, but the effect it has on financial reporting requires sophisticated, yet business user friendly BI tools. The best financial reporting tools for Sage 100 users offer Healthcare-specific data management that produces the necessary financial reporting and/or dashboards.
This blog article will focus on modern financial reporting with Sage 100. I’ll first discuss the bigger picture of what you should be looking for to achieve your financial reporting and analytical objectives. Then, I’ll zoom in on the financial reporting modules delivered by certain, more dynamic products that can enable Healthcare organizations to produce traditional financial statements, meet regulations, and present information to key stakeholders and decision-makers.
In today’s Business Intelligence marketplace, modern, flexible, and powerful dashboards are enabling Healthcare organizations to understand their company data better for stronger decision-making.
Dashboards are the number one BI technology, according to Software Advice, a comparison site for Business Intelligence (BI) tools. Their research zoomed in on software for CFOs, and the results confirmed that dashboards, scorecards, and performance management software are king for today’s financial executives. If you are part of the management team for a healthcare company, you know the pace of business today is nothing short of fast. Dashboards provide quickly accessible, easily digestible analytics. Data visualizations are graphs, charts, and scorecards that showcase data trends, opportunities, and challenges with key performance indicators (KPIs) for departments, projects, and/or the entire corporation.
This article will discuss financial reporting, budgeting and dashboard solutions for Healthcare professionals, with an in-depth look at the benefits of modern, powerful Business Intelligence tools.
As a professional in the healthcare world, whether that be at a family physician clinic, in a hospital setting, a retirement home, and/or home medical care, it might seem frustrating to tend to the overwhelming amount of financial data management and analysis. With regulations, standards, customer service, and most importantly, patient care on your plate, financial reporting and budgeting might be processes that you’d like to put on the backburner. However, a strong financial spine can and should lay a foundation of efficiency and professionalism that greatly and positively affects the rest of your bigger picture to-do list for your organization. This article will zoom in on the impacts that modern, business user friendly financial reporting and budgeting solutions can have on your healthcare business.
See us at the Business Intelligence & Analytics for Healthcare Conference & Exhibition, July 11-12, 2011, San Diego, CA.
Solver and InterDyn Remington will show how to use the BI360 software suite to manage data to drive quality, financial performance & accountable care.
An increasing number of healthcare provider and payer organizations are looking to business intelligence and analytics technologies to deal with the challenges of health reform, including meeting Meaningful Use requirements and creating sustainable accountable care organizations (ACOs). This Conference, which builds on our groundbreaking event in 2007, focuses on innovative applications of business intelligence and analytics, data mining, data warehousing, data integration and decision support to facilitate quality measurement and reporting and pay for performance initiatives, improve clinical outcomes, increase efficiency, reduce costs, increase revenues, deal more effectively with government regulation, increase patient satisfaction, enhance organizational agility and promote greater transparency and organizational information sharing by dismantling the silos of data typically found within healthcare organizations.
Providers and payers will face an avalanche of data in the coming years. This conference will provide detailed and practical instruction on how to effectively manage and use this data to provide the right information at the right time to the right people for optimal decision-making.