With acute care and ambulatory providers near universal adoption of electronic health records and physician practice management systems, the amount of billing and claims data has grown exponentially. This data can give providers new insights into regulatory and financial issues that were not previously available.
But it is not just managers and supervisors who can benefit from the analytics that all this data can support, according to Hayes Management Consulting. “In particular, use of analytics can significantly improve communication between the compliance team and other departments in the organization,” the firm notes.
