Using data analytics to identify revenue at risk.

Healthc Financ Manage

Deloitte Consulting, LLP, Chicago, USA.

Published: September 2013

Key factors for successfully using data analytics to improve revenue cycle performance include the following: Senior leaders who engage physicians and work with business unit owners to gain ground-level insights. Communication and learning. Embedded analytics. Transparency related to what the data show, how the data will be used, and what items have been brought to light via data analysis. Real-time monitoring of data. Incorporation of staff feedback in continually improving analytical modeling capabilities.

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