Medical practices are swimming in data. Data flows into medical practices daily from practice management (PM) systems, electronic medical record (EMR) systems, accounting systems and many other sources. Too many practices extract only the bare minimum of data required to file claims and meet reporting obligations, without recognizing the value in the flood of data that passes through the practice.
The book Better Data, Better Decisions: Using Business Intelligence in the Medical Practice demonstrates creative uses of data and reveals inexpensive data extrapolation tools, more efficient uses of data and inexpensive tools that will reduce operating costs.
Medical practice managers at all levels can benefit from a greater understanding of the data management tools available. In fact, many of these tools are already present in your computer systems. Give your practice a competitive advantage by learning what data to use, how to mine it and how to organize and report it in order to make better business decisions.
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