Predictive analytics can provide the organization with an easy way to determine whether there are missing opportunities that exist and whether the system is charging appropriately. Using predictive analytics, we can help you pinpoint opportunities for charging. If you do not use predictive analytics, it becomes more challenging to streamline down to that level of detail to find where those opportunities are, or to determine, ‘This is not an opportunity.” If you have these issues now, you may still have these issues with new facilities. So what do you do to eliminate that? Predictive analytics really allows you to be more proactive and think ahead in how we solve problems and address workflow opportunities.
What many of these mid-cycle tools can do is focus on a year’s worth of data — which provides the predictive analytics component. The past will give you a glimpse into your future.
In doing that, we can help you change a workflow. We can help you see an uptick in cases entering the system. We can help you engage with that clinical area.
By making adjustments based on the data, we can perform an analysis to see whether the charging policy can or should be altered, or whether the right charges are in place for the right items.