Freed Associates

Business Intelligence

In the era of ever-growing data, greater regulatory requirements, and performance-based incentives and penalties, it is critical to have a strategy to manage and optimally utilize your organization’s data.

Freed Associates provides healthcare enterprise Business Intelligence (BI) expertise for executive, clinical, and operations initiatives. Our proficiency ensures that insights derived through BI are based on sound data and best practices. Freed can help you meet the short and long term goals of your organization, such as reducing readmissions, promoting a culture of safety, conducting quality improvement initiatives, and population management. Our custom solutions to utilizing data for business needs, from developing an enterprise data governance infrastructure to establishing focused BI solutions, help clients discern information crucial to patient outcomes and financial stability.

Strategy & Planning

The ability to nimbly answer key business questions from all areas of your organization using available data requires an enterprise approach to data governance and applying BI in support of business models. Freed can help your organization achieve its BI strategy by:

  • Performing assessments, conducting discovery, and developing strategic roadmaps for administration, clinical, financial, and operations support
  • Developing a robust data governance infrastructure that promotes appropriate data management and meaningful insights from BI applications
  • Creating a performance delivery model powered by BI and supported by effectively deployed technology, trusted data, organized and trained staff, and a defined set of processes
  • Developing a business model supported by BI, such as Balanced Scorecard, with best practice key performance indicators (KPIs) and change leadership

Data Leading Practices

Identifying and applying the appropriate data to business issues, whether clinical, administrative, or operational, is essential for organizations to accurately respond to those issues. Data management practices that support enterprise BI strategy and ascertainment of data that are most suitable to derive the answers to business problems are not always included in BI activities. Freed offers guidance around leading data practices by:

  • Advising on the alignment of data management leading practices with your governance structure
  • Working with clients to identify the appropriate data needed to answer their business concerns and understanding nuances in the data that effect interpretation of BI results
  • Assisting clients to cull suitable data and align those data across BI applications for organizational consistency

Business Performance Enhancement

Optimally, BI can be used to improve the way your business performs, including patient care, operational efficiency, and revenue enhancement. Identifying and addressing superfluous tools and activities, applying appropriate analyses, and acting on BI results all can lead to better performance of your organization. Freed provides assistance in:

  • Aligning BI applications and analytical personnel with larger enterprise needs, reducing redundancy in analytical and reporting activities
  • Choosing analytical strategies to create efficiencies, stratify patients, ascertain potential areas of cost reduction, and apply predictive modeling
  • Utilizing BI results in improvement initiatives to drive process change, address specific patient populations, align clinical staff performance, and maximize operations and incentives

To learn more about our Business Intelligence service line, please contact us.