By now, most of us have been exposed to the critical role data can play when one aspires to make the most effective operational, clinical and financial decisions for their rehab therapy team, regardless of whether that team works in private practice, hospital therapy, or in a skilled nursing facility (SNF).
Data itself, after all, can contribute toward painting all kinds of seemingly objective pictures of how your team’s doing – its productivity, its effectiveness, its profitability, its success when treating patients, and so on.
And, as we’re smack dab in the middle of an information age, data is everywhere. More than 2.5 billion gigabytes of data are generated every single day1. Even if we can only access a tiny fraction of that … well, that’s still a lot of data.
Herein lies a potential problem, though, one that can actually reverse any potential headway you may hope to gain when attempting to make effective, data-driven decisions. It’s called information overload.
Too Much Data is Bad for Business
Information overload is exactly what you think it is, though it goes beyond simply feeling overwhelmed.
When you’re presented with more information and data than you can usefully and purposefully process in a given time, this can lead to anxiety, mental fatigue and a feeling of powerlessness. Cognitively, it can lead to difficulty making decisions or making decisions that are hasty … and often bad.2
So, where’s the balance? How might your SNF rehab therapy team make meaningful and productive use of data without experiencing information overload?
The first step is to stop pursuing data as a general term. These days, data-driven decision-making requires insights, not simply data, and the ultimate purpose of such insights must be to drive action.
This is what business intelligence is all about.
Making Business Intelligence Actionable
For SNF rehab therapy teams, business intelligence is the leveraging of software and services to transform data into actionable insights that inform operational, clinical and financial decisions.
To be actionable, these insights will be relevant, timely, visual and simple-to-understand, with drill-down capabilities (for a more granular look at specific performance metrics) and the ability to identify data outliers quickly and easily.
However, implementing a quality business intelligence tool, like Net Health® Business Intelligence for SNF rehab therapy teams, is only half the battle. Making business intelligence actionable requires a greater understanding of relevant metrics and how to interpret them, as well as buy-in from everyone on your business and rehab therapy team.
To help you out, the business intelligence experts at Net Health® will be hosting a free webinar on Wednesday, May 18 at 2 p.m. EST titled “Making Business Intelligence Actionable for SNF Therapy.”
Along with providing a basic rundown on what an effective business intelligence effort looks like for a SNF rehab therapy team, presenters will guide you through the process of turning insights into action, helping ensure your decision-making is driven by the data that matters most to your team’s performance.
To register and reserve your space for this free webinar, click here.