Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS...

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Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information Security Officer, CHCC

Transcript of Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS...

Page 1: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Reporting and Analytics for

Financial Operational Excellence

Tom FaheyPresident and CEO, HCS

Jennifer D’AngeloVice President Information Services /Information Security Officer, CHCC

Page 2: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.
Page 3: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.
Page 4: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

HCS provides an integrated clinical and financial IT platform to more than 6,000 acute, post-acute, and behavioral health facilities. Since 1969 the HCS Interactant™ platform has been delivering enterprise-wide and easy-to-adopt solutions for revenue cycle management, financial reporting, electronic medical records, mobile technology, and business intelligence.

Page 5: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.
Page 6: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

CHCC partnered with HCS to develop a process to show average resident cost per day, by diagnosis - this information is invaluable for providers. From conception to production it was a matter of weeks – not quarters or years!

All our managers have access to see their budget vs. actual reports real-time throughout the month to properly manage cost.

CHCC and HCS Case Study

Featured in McKnight’s LTC News

Page 7: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Organizational Use

LTC, LTPAC, Assisted Living, Adult Day Care, Inpatient Psychiatric Hospital, Intensive Outpatient Partial Program

• Accounts Receivable (AR)• General Ledger (GL)• Fixed Assets• Accounts Payable (AP)• Materials Management including inventory

and patient care supplies

CHCC Organizational Use

Page 8: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

LTC, LTPAC, Assisted Living, Adult Day Care, Inpatient Psychiatric Hospital, Intensive Outpatient Partial Program

• Electronic Capital and Operating requisition • Electronic review of capital/operating actual

vs. budget• Resident cost

– PAR room reports – Resident patient care supply tracking

• Dashboard management

CHCC Manager Use

Page 9: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

• Completely electronic process• Laptops, scanners, and barcodes in all PAR rooms• Charges are scanned real-time for the unit and

individual residents• Materials Management maintains PAR levels

electronically and analyzes usage by resident and by area

Resident Supplies/Inventory

Page 10: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

• Completely Electronic • Each manager has the ability to review all their

monthly reports via the Insight Module• Real-time data to make critical organizational

decisions• Eliminated hard-copy reports being sent out to all

mangers throughout campus

Management Reports

Page 11: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Interactant Insight is a comprehensive reporting and analytics module that includes easily accessible reports and graphs that provide organizations with a global view of their

business operations.

Interactant Insight Module

Page 12: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

The dashboard and analytics component HCS developed is usedthroughout our organization to show us:

Analytics - InsightInsight Dashboard

Page 13: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

• Easily select data sort into the aggregated data to analyze trends to assist in making proactive, data-driven decisions

• Key Performance Indicators (KPIs) can be defined by columns for a visual alert to negative or positive conditions

• Export data to Excel or CSV formats

• View interactive charts and graph formats

• Easily add or remove data elements

Insight Reporting

Key Benefits

Page 14: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

• Access to raw data – eliminate reliance on IT support for essential reports

• Filter data based on user-defined criteria

• Export data to Excel or CSV files

• Save results as a favorite for future reference for yourself, selected users, and groups

Insight Analytics

Key Benefits

Page 15: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Cost By Diagnosis

Page 16: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Diagnosis By Unit

Page 17: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Occupancy By Bed

Page 18: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

Occupancy by Unit

Page 19: Reporting and Analytics for Financial Operational Excellence Tom Fahey President and CEO, HCS Jennifer D’Angelo Vice President Information Services / Information.

For more information:

christianhealthcare.orgHCSinteractant.com

Thank You NJ HIMSS