Health System Merger

Streamlining Healthcare Data Management:
How a Modern Platform Improves Efficiency and Reduces Costs for Merged Health Systems

Health systems are increasingly facing financial pressures, such as rising costs and declining reimbursements. To address these challenges, healthcare organizations are exploring new ways to achieve cost savings and operational efficiencies, including mergers and acquisitions. According to a recent report, global issues such as the ongoing labor shortage, supply chain disruptions, geopolitical turmoil and fluctuating inflation concerns, may spur an increase in the number of healthcare industry M&A transactions in 2023.

However, merging two health systems can be complex, especially when it comes to data management. If the two systems have different data management platforms, there may be data silos and inconsistencies that can hinder decision-making and patient care. A modern healthcare data management platform can help address these issues and provide a unified source of truth for the merged organization’s data, improving efficiency and reducing costs.

Improved Efficiency of the BI Team

A modern healthcare data management platform can streamline data collection and cleaning processes by integrating data from multiple sources and providing automated data cleansing and validation. By reducing the time spent on data collection and cleaning, the BI team can focus on data analysis and visualization, providing valuable insights to hospital leaders and improving decision-making.

In addition, a modern healthcare data management platform can provide self-service analytics capabilities to the BI and Business teams, allowing them to explore data and create their own reports without relying on IT support. This frees up IT resources and allows the BI and Business teams to be more responsive to changing business needs.

Facilitation of Integration Efforts During Mergers

Merging two health systems often involves consolidating their IT infrastructure, including EMR and EMPI systems, which can be time-consuming, expensive, and disruptive to day-to-day operations. A modern healthcare data management platform can eliminate the need for these migration projects by providing a unified view of patient data across multiple EMR and EMPI systems.

The platform can integrate data from multiple sources, including legacy systems, and provide a single source of truth for patient data. This can reduce the complexity and cost of migrating data from multiple systems to a single EMR or EMPI system. Furthermore, the platform can provide data governance capabilities to ensure that data is used ethically and compliantly across the merged organization.

Cost Savings for Merged Health Systems

A modern healthcare data management platform can provide a scalable and flexible solution for managing patient data across multiple systems. As the merged organization grows and acquires new facilities or systems, the platform can easily integrate these new sources of data without the need for costly migration projects. This can provide long-term cost savings and reduce the risk of data silos and inconsistencies.

In conclusion, a modern healthcare data management platform can provide a comprehensive solution for managing patient data, improving efficiency, facilitating integration efforts, and reducing costs for merged health systems. By providing a unified view of patient data across multiple systems, the platform can help healthcare organizations make informed decisions and provide high-quality care to patients, all while achieving the cost savings necessary to thrive in today’s challenging healthcare environment.

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