In the rapidly changing healthcare world, executives must be empowered to make data-based decisions more quickly and strategically—and then act on them. To support that need, we will continue to grow our planning and analytics support, which combines easily accessible people and financial data.
For example, Workday is delivering planning and modeling capabilities that can leverage up-to-date information to create workforce, financial, and supply chain for healthcare plans. This allows healthcare providers to more quickly adjust to changes in patient volume and reimbursement, and more quickly bring new entities on board.
To provide healthcare leaders with instant understanding of what is happening within their organizations and recommendations to take, we see a need for packaged data, visualizations, and technology that delivers more analytics applications, augmented by machine learning. Within Workday Prism Analytics, our customers can bring together data from external sources—electronic medical records (EMR), patient billing and scheduling systems, external benchmarks, or patient satisfaction surveys—and combine that information with data within Workday, helping healthcare leaders answer questions around patient engagement initiatives, service line-specific revenue, and supply utilization, as well as trends and key operational metrics.
Tracey Schiro, senior vice president, risk management and chief human resources officer for Ochsner Health System shares how, “enhanced self-service functionality, including mobile access, will shift focus from administrative tasks, to a greater emphasis on patient care.”