iDashboards recently attended the 2010 Healthcare Financial Management Association (HFMA) Conference in Las Vegas. The show is designed to bring industry leaders and vendors together to exchange ideas and promote products around financial management for healthcare organizations. iDashboards’ main focus was to better understand business intelligence (BI) trends in healthcare and to meet with software exhibitors who are looking for dashboards to round out their BI offerings.
Some of the key themes from the show included Medicare payment reform, quality, physician integration and revenue cycle management. It was clear in my conversations that healthcare organizations and software vendors view dashboards as an important tool to drive improvements in these areas. For example, physicians who participate in the Physician Quality Reporting Initiative (PQRI) may earn bonus Medicare reimbursements for meeting or exceeding certain quality targets. Dashboards are an ideal way to actively monitor and manage these key quality measures. Healthcare organizations and software vendors are now viewing dashboards as a great way to integrate physicians into this process because they are so intuitive and easy to understand at-a-glance.
Software vendors exhibiting at the show included companies focusing on revenue cycle management, financial management, electronic medical records, practice management, staff scheduling and time and attendance. While some software companies have some BI capability, many have yet to incorporate dashboards into their solutions. Many of the software vendors we spoke to are looking to add dashboards or complement their existing BI offerings with something that is easy for the average user to work with.
Tim Sullivan, iDashboards