Background
Healthcare organizations hold vast amounts of patient data in their databases-data that could be used to improve their proitability and competitive position, if only they were able to easily access and query it. But converting all this raw data into insights that will help healthcare executives in their strategic planning is no easy task.
A monthly dashboard which displays the
amounts billed and collected over time.
"Pretty much all our plans involve Data Dynamics Reports, Data Dynamics Analysis, and ActiveReports, plus we may use other Data Dynamics components as they come out. With the time savings and unique capabilities they provide — plus the great support we get from Data Dynamics — these components are a key part of our strategy."
Daniel Reber, Lead Product Architect for Precision.BI
Precision.BI, established in Wyomissing, PA in 2001, provides a business intelligence (BI) solution designed to do exactly that. Created speciically for healthcare organizations, ranging from multi-hospital enterprises to large healthcare billing companies, the solution, also called Precision.BI, enables healthcare entities to access and analyze patient information that otherwise would be locked away in its files.
In developing its product, Precision.BI applied its extensive experience in the healthcare vertical to create complex algorithms that would help healthcare business intelligence specialists analyze and better understand the huge amounts of data in their organization's repositories. For example, in examining the results of a clinical trial, organizations need to be able to verify that a particular outcome is the result of the treatment being provided — not a function of the doctor providing the treatment, the time of year, or any other external variable. Precision.BI's product helps them do just that.