Data analytics vendors were out in force on the exhibit floor of the Healthcare Financial Management Association annual conference last week in Las Vegas.
With accountable care organizations and other value-based reimbursement arrangements coming faster than anticipated, chief financial officers are realizing they need better intelligence on financial, operational and clinical issues across the enterprise. Jared Crapo, a vice president at analytics firm Health Catalyst, says three primary drivers had HFMA attendees visiting booths: a realization that they need an internal data warehouse for reporting, concerns with the transition to value-based payments and the need to drive clinical improvement.
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