Simplifying the Source
Data is one of the most valuable and complex resources within your medical facility. According to the US Chamber Foundation, the amount of data collected over the last two years has grown to 90% of all the data ever made! Many organizations fall short when it comes to choosing the vendor that fits their needs. So, it is no wonder why between providers, patients, and staffing information; data sources can become overwhelming to organize. A single source of truth (SSOT) serves as a centralized location for all your data sources/software. Companies that succeed at this can leverage a single source of truth to keep decision-makers and business leaders on the same page while avoiding unnecessary overlap and redundancy.
A key factor is to select a robust software system to organize your data. It is common practice for organizations to utilize multiple software vendors for each sector and department for operations. Many believe that a single source of truth is an all-in-one solution, which is not the case. While some software applications have multiple functionalities for various departments and data sources, selecting a software solution that is capable to integrate with other software vendors is the main objective. One key data source (or SSOT) is the center of all data while other data sources from various software communicates to retrieve and report on the data.
So, why is the important? When an organization is working from an SSOT, data sources are kept up to date and relevant to business decisions. Information and records can pass between departments accurately. Departments can adjust and update information as needed in which will be updated across all platforms. Example: A contact calls billing for payment and updates their email at the same time. Their email information is then passed through to the main data source to then update all other source points for accurate information. Having an SSOT will create trust in the data allowing for more time to analyze for business development.
Other benefits include:
- No duplicate data entries
- Accurate records saves time on verifications
- Enhanced data intelligence
- Efficient communication and productivity
Functioning without an SSOT will lead to distrust in information and less productivity among departments. Misinformation creates challenges for departments to agree on facts and guidelines. Being able to retrieve accurate patient information from Electronic Medical Records (EMR) to populate a provider’s report card for Ongoing Professional Practice Evaluation (OPPE) and Focused Professional Practice Evaluation (FPPE) is crucial in the medical staff office. MD-Stat creates report cards to easily understand how a provider is performing at your facility. You are able to track performance, find outliers, and compare them with their peers along with customizable thresholds and indicators that allow limitless combinations.
Data-driven decision-making has elevated the importance of data collection and analysis for all organizations. Many organizations still have various silos of data throughout all departments. Implementing a single source of truth will help eliminate silos and allow everyone to access relevant data/information. This will eliminate the debate of various data sources to make decisions. Accurate data does not populate overnight, and key project managers need an executable plan.
To get value out of data, it needs to be accurate and entire organization needs to be working from a single source of truth. MD-Staff provides a single source of truth for provider information helping streamline complex processes for medical staff offices. To learn more on Applied Statistic and Management Inc products, request a demo.