Thought Leadership Webinar: Everything You Need To Know About Conducting a Community Health Needs Assessment

The new year is around the corner and for many hospitals, that means it’s time to conduct the Community Health Needs Assessment. We’ve got the scoop on what you need to know to ensure your CHNA meets all of the IRS standards and how to bring down your cost by as much as half.

In this webinar, we walk through the CHNA process and insights gained by one of our clients. Participants will gain an understanding of the CHNA process, the types of data they need to collect and how to go from planning to implementation.

To download the CHNA Checklist, click here: Equation CHNA Checklist

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Presenters:

Kyle Kobe, Equation Founder and Principal

Nicole Hayes, Product Manager at CentraForce

Howard Salmon, Equation Principal

Analyst Training: The Greatest Skill of an Analyst, How to Tell a Story in Numbers

We all know that data is powerful. But did you know when data is used to tell a story, it becomes unforgettable?

Telling a story in numbers seasons the data so it resonates with the audience on both an intellectual and emotional level. Data stories allow the audience to have a greater sense and understanding of the context of the numbers.

In this webinar, Rick Carter will explain and illustrate how to make your numbers tell a story.

To download the spreadsheet that Rick used please click here: Telling Stories with Numbers

Equation uses a custom Excel add-on that changes ‘Number to dollar’ and ‘Number to comma’. Contact ehaynie@equationhealth.com if you are interested in the add-on.


Rick Carter has over 35 years of experience in an analyst and consultant role. Rick helps physicians and healthcare executives improve their operational and financial performance. He has authored many industry articles, but is best known for creating the core methodology behind Equation’s data and analytically driven consulting model.

Thought Leadership Webinar: Measuring Downstream Value across the Healthcare Continuum

In this webinar, Equation Principal Kyle Kobe will explain and illustrate how to quantify value through patient entry-point time sequencing, quantification, and analysis. Through this process, health systems can pinpoint opportunities for improvement in patient access and care while benefiting the community as a whole.

 


Kyle Kobe is a Principal and founding partner at Equation. He is an expert in the physician economic enterprise. He is an industry leader in defining economic relationships and building physician-hospital alignment financial models as well as an innovator in population health management tools.

Thought Leadership Webinar: Engaging Physicians with Data

In this Equation University educational webinar, Kyle Kobe will provide an in-depth look into experiences and best practices of healthcare providers who are improving clinical value by successfully bringing physicians to the table with enhanced communication and data transparency.

 

 

 


Kyle Kobe is a Principal and founding partner at Equation. He is an expert in the physician economic enterprise. He is an industry leader in defining economic relationships and building physician-hospital alignment financial models as well as an innovator in population health management tools.

Analyst Training: Building Powerful Data Models

In this session, Rick Carter demonstrates how data models can move you to more effective communication with your organization’s stakeholders.

Participants will gain a practical understanding of data modeling terminology, concepts, and techniques as well as how best to apply this new knowledge to their own data projects.

Excel Spreadsheet Link: Equation Health Excelinar on Basic Modeling (spreadsheet)

Equation uses a custom Excel add-on that changes ‘Number to dollar’ and ‘Number to comma’. Contact ehaynie@equationhealth.com if you are interested in the add-on.

Thought Leadership Webinar: Discovering Physician Practice Opportunity

Do you want to understand the causes of and solutions to financial losses in a physician practice?

In this webinar, Kyle Kobe shares his knowledge of the 10 economic drivers of physician practice loss and how to find the opportunities that are hiding in your physician practice data.

 


Kyle Kobe is a Principal and founding partner at Equation. He is an expert in the physician economic enterprise. He is an industry leader in defining economic relationships and building physician-hospital alignment financial models as well as an innovator in population health management tools.

Analyst Training: Putting Lipstick on Your Analytics

Do you want your audience to take notice of your data analysis? Are you looking for ways to make your analysis stand out? Do you want to increase your audience’s understanding and recollection of your quantitative analysis?

Believe it or not, the way in which you present your data has a direct correlation on how receptive your audience is to your analysis. The visual representation of data has the power to make your quantitative analysis shine by making it easily digestible and significantly more memorable.

In this session, Rick Carter shares ways to dress up your analytics in order to attain the spotlight your analysis deserves.

Equation uses a custom Excel add-on that changes ‘Number to dollar’ and ‘Number to comma’. Contact ehaynie@equationhealth.com if you are interested in the add-on.


Rick Carter has over 35 years of experience in an analyst and consultant role. Rick helps physicians and healthcare executives improve their operational and financial performance. He has authored many industry articles, but is best known for creating the core methodology behind Equation’s data and analytically driven consulting model.

Equation Announces Release of DataRiver Service Line Analyzer Web-based Dashboard

The new dashboard technology provides unparalleled and seamless hospital service line data analysis.

Equation announced earlier today the release of its web-based dashboard technology for its DataRiver Service Line Analyzer (SLA). This dashboard provides hospital service line managers and analysts a deeper visibility into their data while increasing ease of use.

Continue reading “Equation Announces Release of DataRiver Service Line Analyzer Web-based Dashboard”

A Brief Introduction to Market Analyzer

You’ll notice a new product featured in DataRiver when you log in called, Market Analyzer. This is a new offering on the DataRiver platform that gives you visibility into your market’s data. We’re really excited about this new data product and have already seen clients do amazing things with it. Here are a few use cases around Market Analyzer.

Continue reading “A Brief Introduction to Market Analyzer”

More Metrics, Better Views – The All New Dashboards

DataRiver Healthcare Dashboards

We’ve spent the last two months re-working the architecture behind DataRiver Dashboards and adding new features to make them easier to use. Today, we’re excited to announce that all that work is now available for you to enjoy.

New Metrics

We wanted to make it easier for you to create dashboard views. To achieve this, we needed to add the right metrics. We talked both internally and with users and came up with an initial metric list, which includes:

Visits

  1. New Visits Ratio
  2. Office New Visits as percent of Total Office
  3. Total Hospital Visits as percent of Total Office Visits
  4. Visit TRVU per Visit
  5. Visits Hospital Admits
  6. Visits Hospital Consults
  7. Visits Hospital Follow Up
  8. Visits Hospital Other
  9. Visits Hospital Total
  10. Visits New
  11. Visits Office Consults
  12. Visits Office Established
  13. Visits Office New
  14. Visits Office Total
  15. Visits Other Total
  16. Visits Total

RVUS

  1. Other Expense and Malpractice RVU
  2. Other Total RVU
  3. Other Total RVU per Other Code
  4. Other Work RVU
  5. Other WRVU per Other Code
  6. Procedure Expense and Malpractice RVU
  7. Procedure Total RVU
  8. Procedure Work RVU
  9. Total Expense and Malpractice RVU
  10. Total Total RVU
  11. Total Work RVU
  12. TRVU per Visit
  13. Visit Expense and Malpractice RVU
  14. Visit Total RVU
  15. Visit Work RVU
  16. Visit WRVU per Total Visit

PROCEDURES

  1. Non EM Codes
  2. Other Codes
  3. Procedure Code WRVU per Procedure
  4. Procedure Codes
  5. Procedure Codes Medicine
  6. Procedure Codes PathLab
  7. Procedure Codes per Total Visit
  8. Procedure Codes Percent of Non EM codes
  9. Procedure Codes Radiology
  10. Procedure Codes Surgery
  11. Procedure TRVU per Procedure

REVENUE

  1. Adjustments
  2. Charges
  3. Charges per Unit
  4. Collections
  5. Gross Collection Ratio
  6. Payments per TRVU
  7. Payments per WRVU
  8. TRVU
  9. Units
  10. WRVU

We’ve also been able to add dashboard views for income statements, scheduling, and more. Each of these metrics can be combined with each other to offer a truly custom dashboarding experience.

New Features

We’ve added some great new features to Dashboards that give you more flexibility when interacting with your data.

Condensed Views
We’ve set the default for each metric to a new condensed view which gives you the currently selected month total of the metric next to the fiscal period trend line. Below, we’ve gathered the year-to-date total and compared it with the prior year-to-date total.

DataRiver Dashboards - Condensed View

Full Views
The full metric view can be quickly toggled to see the actual totals and more compared to benchmark or budget. This view also includes the trend for the actual, prior, and comparative data points.

DataRiver Dashboards - Full View

Breakouts
Seeing totals is great, but being able to drill into those totals and break them out by your custom filters is even better. You can break out each metric by each custom report group you’ve set up in DataRiver, including specialty and provider. At times, this can include many data points which is why we’ve added the option to expand each metric the full width of the page.

DataRiver Dashboards - Breakout View

Performance Improvements

Like I mentioned above, we spent a lot of time improving the overall architecture of Dashboards. We’ve been able to allow for future updates and metric expansion while keeping the speed and delivery of the dashboards insanely fast.

We’ve added increased performance for distribution, including delivery analytics. You can automate delivery of dashboards views to your organization without encountering speed bumps.

What’s Next?

From here, we’d love to hear your feedback. We’ll continue to add new metrics to the list above as well. If you have any suggestions, please let us know.