Data acquisition, management, analysis, and interpretation of healthcare data provides actionable insights to healthcare professionals and business owners. These data can help find a better care plan, prevent diseases or illness, and optimize all areas of the care continuum. Building a team of Healthcare Analysts will help your healthcare business grow and achieve your goals.
But since they cover a special area, building a team of Healthcare Analysts can be challenging and the labor cost is high. But to fully appreciate the their contributions to your business, here listed a few of their key contributions:
- Lower the Risk in Patient Care
Digitized healthcare records makes identifying patient patterns and histories more efficiently. A team of Healthcare Analysts provides predictive analytics on patients with higher risk which allows care providers to create crisis situations from chronic health problems, giving them opportunity to provide corrective plans that decrease emergency visits and ultimately lower any potential risk. Sufficient data aids in monitoring these patients and in creating customized care solutions so the use of a Business Intelligence (BI) solution through Healthcare Analysts is paramount to protecting high-risk patients and lower risks in patient care.
- Increase Patient Satisfaction
Patient satisfaction and engagement are a concern for many healthcare businesses. In relation to point one, lowering any potential risk can significantly increase patient satisfaction. Data analyzed by Healthcare Analyst helps care professionals make an active role in preventative care for patients, and patients can become more aware of their role in their own health. In return, it improves the relationship between core healthcare providers and the patients which also lowers hospitalization rates and addresses severe health concerns that could be prevented.
- Cost Saving for Both the Business and Patient
Data insights drive clinical process improvement, some examples are reducing readmissions, performing lab tests that are not necessary, medications that work best and reduce any trial and errors. In return, both the healthcare business and the patients do not have to spend on unnecessary expenses yet can provide and receive the best clinical plan to combat the disease and improve quality of life. Through effective and well-analyzed data, care providers have a basis on the best plan to administer per patient and the best actionable treatment to be done. You can leverage your pricing and identify the highest value yet lowest cost for certain procedures and services.
How To Build Great Healthcare Analyst Team
The greatest challenge in building a great team of Healthcare Analysts is labor cost. According to Salarylist.com, healthcare data analysts annual median salary is $65,000 while according to Glassdoor.com the rate is $73,616 annually. This does not include operational cost and is solely salary rate. At the same time access to their job market is equally challenging because there is a limited pool of Healthcare Analyst talent. To build a team for your business, the best way is through a trusted outsourcing partner that has:
- Access to world-class talent
- A+ recruitment process of hiring to on-boarding within 30-45 days
- Net Promoter Score of >60
These traits ensure that they can build a team for you at the most cost effective with a projected savings of up to 70% in operational cost. Operational excellence is measured by a Net Promoter Score of >60. This is a result from a survey answered by their clients on how much they are willing to promote their outsourcing partner. If the score is >60, it means that they were able to receive outstanding quality service and the level of satisfaction they have with the partnership. To put it simply, if you partner with an outsourcing company with an NPS of >60, you have a sense of security that the services they are providing responds to your unique needs and pain points which in return give you peace of mind to allow you in focusing on achieving your business goals as they focus on denial management.
All these qualities and more can be found with the right outsourcing partner who can provide a customized, high quality healthcare business solutions that can promise for the following:
- Operational excellence
- Build a great IHealthcare Analysts & RCM team
- Improve business revenue
- Operational cost savings of up to 70%
- ISO 27001 and 9001 certified, GDPR, HIPAA compliant
- Net Promoter Score: Sense of security and peace of mind
Partnership with Infinit-O
Infinit-O’s mission is to create endless opportunities for your company to realize its full potential.
Infinit-O Key Benefits:
We can build you a great, high-performance Revenue Cycle Management team composed of:
Health Analytics and Risk Management Services
- Healthcare Analyst
Patient Support Services
- Insurance Verification Specialist
- Patient Concierge Specialist
- Collections Specialist
- A/R Specialist
Provider Management Services
- Medical Coders
- Medical Billers
- Claims Processors
- Enrollment Processors
- Denial Management Specialist
Start small. Exceed expectations. Think infinitely. Think Infinit-O.