The State of Data Analytics and Reporting in Healthcare Organizations:
Results from 2016 Survey

In May and June of 2016, Navicure commissioned Porter Research to conduct a national survey of healthcare organizations to gauge their current business intelligence processes, challenges and technologies. Here’s a look at some of the key survey findings.

The majority of respondents do not have a data analytics solution in place to improve their revenue cycle, but almost half are looking for one.

Those without a solution should look to their peers who already know that it helps make informed decisions and improve overall financial health.

A strong data analytics and reporting solution supports informed decision making.

Organizations using these solutions understand their value in being able to gather, manipulate and analyze data in a user-friendly and actionable manner.

The complicated healthcare revenue cycle requires active monitoring to ensure financial health.

With limited resources and time, a data analytics solution provides much-needed visibility into problem areas like denials and patient payments.

Not all data analytics and reporting solutions are alike.

Look for a data analytics solution that streamlines reporting of all key performance indicators (KPIs), provides interactive reports to facilitate root-cause analysis, and benchmarks for comparative analysis.

Data analytics and reporting solutions have a positive impact on organizations
71%

Improved cash flow by reducing days in A/R

56%

Increased revenue by identifying bottlenecks to getting paid

48%

Improved staff productivity by identifying additional training needed

When organizations are regularly monitoring KPIs like denials, rejections, patient billing/payments and cash flow, they are able to pinpoint and quickly address core revenue cycle areas before they become a problem. 
The healthcare revenue cycle will continue to be challenging, especially with limited time and resources. Fortunately, data analytics and reporting solutions can help successfully manage the revenue cycle, resulting in improved cash flow and increased revenue. To access the detailed results from the survey, click below to download the free report.
Request A Guided Tour
Take a guided tour of Navicure® Perform™, a data analytics and reporting solution that’s actually intelligent, easy-to-use and actionable.