Skilled nursing facilities are becoming more open to using AI and smart business tools to get the most out of their data. Modern approaches to data makes it easier for healthcare organizations like nursing facilities to streamline processes like insurance prior authorization, care plan structuring, and medical documentation.
The healthcare industry holds a variety of data, such as diagnostics, hospital admissions, prescriptions, and electronic medical records. With low-quality data, skilled nursing facilities are at risk of misdiagnosis, medication errors, delayed treatment, and more. But with high-quality data warehouse, better treatments are implemented faster, clinical efficiency can be tracked efficiently, and elevated levels of care can be provided to patients. However, more than 80% of higher-ups in healthcare do not trust most of their organization’s data and are unsure if they have the right resources to use it effectively.
There are many advantages to using better data, but the process produces multiple challenges. Data exists in various forms, from census, clinical, and reimbursement data to staffing and financial data. Attempting to aggregate all of this data can cause employees to experience “login fatigue” or frustration from constantly utilizing multiple platforms and knowledge workers to waste about 30% of the week searching for the appropriate data. This is in combination with poor business processes leading to slower or even wrong decisions or errors being made along with compliance risks due to data or privacy breaches.
Healthcare organizations can build their own data warehouse, but it usually takes months to build and requires professional tech teams as well as SOC 2 and HIPAA knowledge to create, with the end result potentially incurring significant expenses. But with fast and secure data warehouses, nursing facilities can centralize high-quality data across all platforms and tools into a singular source they can use to provide top-notch care to residents. This can help with connecting timeclock, payroll, and financial systems to AI automations while generating custom reports and records that aligns with the way different organizations work.
Instead of building their own data warehouse, nursing facilities can leverage a data warehouse that comes pre-equipped with over 40 vendor integrations, built-in SOC 2 and HIPAA compliance, and ready-to-use data models, removing the need for ongoing updates, maintenance, and extensive setup. Implementation also only takes 90 days, so nursing facilities can make use of their data quickly for a better overall experience for both the professionals and residents.
Source: MegaData
