Business Intelligence

Good managers don't live in boxes. And at Utah's Intermountain Healthcare, it's pretty much mandated that they break out of them, especially when it comes to improving revenue cycle management.

Hospital chief financial officers have indispensable business intelligence towards managing costs surrounding supply chain purchases.

A healthy revenue cycle is something for which every business strives, but it is especially important for healthcare organizations in the current industry environment, due to declining reimbursements, shrinking margins and evolving payment models.

The most successful hospital supply chain leaders are changing the usual conversations with clinical and administrative leaders into more meaningful collaboration by offering new, actionable insights through the use of business analytics.

Linda Burt, vice president and chief financial officer at Nebraska Methodist Health System in Omaha, Neb., sat down with Healthcare Finance News to discuss the primary ways in which hospital CFOs use analytics, and how data -- if assessed properly -- can reduce risk.

Healthcare organizations are creating mountains of data and to tap that data's full potential, they need data analysts.

Business intelligence is a popular buzzword in the healthcare industry, tapped as a cure-all for almost every faulty business or clinical process. But while BI is not a panacea, done properly it can translate raw data into actionable knowledge and help cut hospital costs.