SOUTHBURY, CONN. (PRWEB) January 7, 2019
Women's Health USA is one of the largest physician practice management companies in the United States, partnering with high-quality women’s health groups – including more than 600 physicians throughout the country – to help them remain independent and strong. Recently Women's Health USA implemented PDS DASH software for Analytical Dashboarding to better improve transparency, operations and communication.
Developed by Practical Data Solutions, PDS DASH software is specifically tailored for today’s healthcare environment. It allows professionals to create and distribute highly visual data in a matter of days while blending a multitude of metrics. With a goal of providing quality care to patients in a timely manner, PDS DASH serves as an important asset to Women's Health USA.
SOUTHBURY, CONN. (PRWEB) January 7, 2019
St. Clair Medical Services Implements Integrated Analytics and Dashboarding for Patient Access and Revenue Cycle
SOUTHBURY, CONN. (PRWEB) DECEMBER 17, 2018
St. Clair Medical Services, an affiliate of St. Clair Hospital and a multi-specialty physician organization, has implemented Practical Data Solutions (PDS) iMPower to expand its analytical and reporting capabilities.
The implementation allows the hospital to leverage its existing infrastructure using Centricity Practice Solutions. Practical Data Solutions (PDS) extracts data from Centricity Billing and Scheduling to create relational datamarts for revenue cycle and patient access. Staging datasets from these modules enables St. Clair to automate and enhance a wide variety of reporting capabilities, including integration of patient satisfaction and benchmark data by department and location.
University of Mississippi Medical Center Chooses PDS iMPower Web Analytics for Optimized Financial, Operational and Revenue Cycle Management
SOUTHBURY, CONN. (PRWEB) OCTOBER 29, 2018
Practical Data Solutions announces The University of Mississippi Medical Center (UMMC), a national nonprofit health system, has upgraded to PDS iMPower Web Analytics as their primary revenue cycle analytical solution. PDS iMPower upgrades software previously installed by PDS in 2008 giving UMMC faster turnaround on reporting to departments and physicians and will better empower the medical center to make timely management decisions.
UMMC, located in Jackson, is the state’s only academic health science center. The organization’s three-part mission is to improve the lives of Mississippians by educating tomorrow’s healthcare professionals, by conducting health sciences research and by providing cutting-edge patient care. They have worked with PDS for more than 10 years.
PDS iMPower Web Analytics give users the ability to put critical business information into the hands of physician leaders, managers and executives, providing opportunities to utilize interactive visualizations across Key Performance Indicators. When combined with PDS DASH, PDS iMPower can create integrated dashboards across disparate billing, scheduling, financial and clinical systems, leveraging leading analytics from MicroStrategy, bundled with PDS’ proven track record of healthcare expertise and methodology.
Practical Data Solutions Empowers New England Neurological Associates to Move Forward with PDS Visual Dashboards
SOUTHBURY, CONN. (PRWEB) OCTOBER 08, 2018
Since 1969, New England Neurological Associates has provided high-quality care and sophisticated services to patients seeking prevention, treatment and rehabilitation of neurological and neurosurgical disorders. As the organization continues to grow, explains Rob Wasserman, CEO of New England Neurological Associates, “We needed a consistent way to report data coming from different applications and systems and channel it into a single graphical dashboard report that could be distributed to multiple users in a quick, efficient manner. PDS DASH met that need.”
Graybill Medical Group has selected PDS DASH to empower them to automate and build best-practice physician and group dashboards for revenue cycle, patient access and quality.
SOUTHBURY, Conn. (PRWEB) September 12, 2018 -- Located in California, Graybill Medical Group started as a small family practice in 1932 and has grown into San Diego North County region’s largest independent multispecialty medical group. “With more than 80 physicians and 10 locations, we knew we needed a robust set of tools to provide productivity,” says Jeanne Williams, Finance Manager. “PDS DASH allows us to automate reporting, which was a key decision point for us.”
PDS DASH is PDS’ proprietary software application that enables clients to rapidly publish highly visual dashboards. First introduced in 2012, PDS DASH blends data from a multitude of healthcare metrics, bursting them into various reports with lightning speed. Since incorporating PDS DASH, Graybill Medical Group has found it invaluable in creating multiple dashboards within a matter of hours. Their productivity continues to increase since they have leveraged PDS tools.
Practical Data Solutions is pleased to welcome Eddie Sanders as the newest member of our Analytics Programming Team. In his role as Senior Analytics Programmer, Eddie will be working with the PDS iMPower and PDS DASH solutions, and ETL programming to transform major healthcare application data. Eddie brings to PDS over 9 years working as a Healthcare Analytics Consultant at FTI Consulting, and ThinkFirst. Prior to that, Eddie was a BI Analyst at the Medical University of South Carolina, and worked directly with PDS and PDS software tool sets. He has a degree in Accounting and Finance from the University of South Carolina.
PDS attended the HIMSS 18 Conference from March 5 - 9, 2018 in Las Vegas, NV where PDS exhibited.
PDS participated at the MGMA 18 Financial Conference held in Orlando, FL on March 4-6, 2018. PDS personnel and toolsets were featured by MicroStrategy in their tradeshow booth.
Russell Hendrickson and Michele Perry of PDS presented, "It’s not an Epic challenge: Best practices for Visualization with MicroStrategy 10 for Health Systems" where they discussed the four phases to building successful visual dashboards. In addition to speaking at the event PDS also exhibited.
On August 15-16, 2017 PDS was one of the sponsors at the East Coast Epic CORE, hosted by Yale Medicine. This is a professional development organization dedicated to facilitating networking and educational opportunities for Epic users across the East Coast in order to increase skills and knowledge regarding revenue cycle application and functionality.
For more information: https://eastcoastcore.org/
By Becky Cook, Executive Consultant
Today’s healthcare organizations must measure key performance metrics and push revenue cycle operations to a higher priority level than at any point in history. Recent value-based changes in healthcare have intensified this demand. Yet, no matter how much the focus changes in healthcare, one thing will always hold true: revenue cycle effectiveness will remain the primary responsibility of the practice administrator and CFO.
Our physicians and patients expect outstanding quality and service despite operating at a time when payers are turning our world upside down and demanding more data. Payer contracts with fixed fee schedules are disappearing. Claims are being paid at a percentage of Medicare fees. And new contracts contain provisions for quality standards, incentive payments, risk measurement, patient engagement/access scores and cost savings metrics. If you participate in certain contracts such as MSSP, Medicare Advantage, Managed Medicaid, Patient Centered Medical Home or Accountable Care Organizations (ACOs), you have most likely already been engaged in identifying, tracking and reporting this data.
By Scott Everitt, Vice President of Analytic Solutions
There is a common misconception among healthcare organizations seeking to incorporate Benchmarks into their standard reporting practices.
Typically, organizations turn to a 3rd party source for benchmarks. Trade associations like MGMA or HFMA, are familiar sources in healthcare. The addition of benchmarks to compare key metrics in operational reports is an obvious starting point.
While this is probably the best known way of Benchmarking, PDS has found there are several different types of Benchmarks which have value in assessing organizational performance. Each type of Benchmark has various benefits and shortfalls, but when used together, they can provide some very persuasive information to managers and stakeholders.
By Scott Everitt, Vice President of Analytic Solutions
One of the most common questions I am asked by new clients or prospective clients is, “Do you have benchmarks?” As a company specializing in healthcare business intelligence, it is not surprising that this request is so common. Typically, PDS is bringing hundreds of new performance metrics to our clients, along with business logic, rules and various dimensions or perspectives for managing these metrics. As such, it is only natural to want to compare the newly accessible KPIs to similar organizations to see how performance stacks up... and possibly where there may be the greatest opportunities for improvement.
Incorporating benchmarks can be an incredibly useful tool in managing the performance of a physician practice. KPI dashboards and reports are important, but adding benchmarks can provide managers and key stakeholders with better context and meaning behind the numbers. Comparing your practice’s performance against similar organizations in key revenue cycle areas such as provider productivity, patient access, collection efficiency, AR management, denials, etc. can be an invaluable tool in driving goal-setting and overall strategy for the group. Additionally, benchmarking can highlight variances, identify outliers, and provide practice managers with laser-focused opportunities to achieve performance improvement.
However, there are challenges to benchmarking which can make the process discouraging or ineffective if not addressed early on in developing your practice’s benchmarking strategy. The strategic processes behind a benchmarking initiative can often be time consuming and costly.
Management teams often struggle to define what to measure or which KPIs are relevant for benchmarking. There can be uncertainty as to whether the benchmark is calculated the same way as your practice’s key metrics. For example, is the benchmark using gross or net AR, and are they calculating aging from date of service or date the AR was transferred to the current payer, etc.
The greatest risk to benchmarking is in the communication and presentation of the comparison reports. If not managed effectively, benchmarking efforts can lead to questions of validity of the data and/or applicability of the benchmarks. As a result, there can be internal resistance to the whole initiative. Over the years, there have been a countless number of times I have heard providers say, “You can’t compare what I do to some ambiguous average. I’m different. My patients are sicker. The diseases I manage are more complex…”
The fact is, benchmarking has great value in the management of a practice, but there are a number of pitfalls which need to be avoided in taking on the effort. In the coming weeks I will discuss more about best practices on how to incorporate a benchmarking strategy into your practice. I will also share some additional strategies in which benchmarks have been effective in helping drive change within organizations.