by Leona Fink | Oct 19, 2020 | Financial Dashboards, Skilled Nursing Industry
While predictive analytics strategy is imperative for all industries, skilled nursing has been impacted by Covid-19 to a dramatic degree. The exposure to analytics and the power to aggregate and analyze data in contact tracing, incident reporting, and statistical monitoring has delivered a new normal for the industry. Yet, the wealth of data already being generated throughout healthcare has never been leveraged to serve nursing homes for better operational efficiency.
What is “Predictive Analytics”?
Predictive analytics is the power to assemble data in a relevant way so that it tells a historical story, and based on that story and its continuing trends, can predict outcomes.
Integrating data silos combines data from different platforms and indicates business issues and business opportunities.
Take the case of a dietary manager in a skilled nursing facility. His top skills may be culinary mastery and managing a team of people. He’s given the tools to order his supplies – food, cleaning, disposables, etc. He’s given a budget based on expected census, (in many cases this can be a flat dollar amount that was projected nearly 6 months ago by the financial division). Coupled with multiple other platforms to manage his staffing needs, recipes, dietary guidelines…etc., he can become quite overwhelmed with the “systems” and may struggle with how to fit it all together for success.
A simple strategy to predict outcomes based on departmental data – employees, purchases, and the residents – empowers department managers to “control the controllable”.
Bringing all of his disparate data together with a business intelligence strategy will give him back control of the department’s success. Simply delivering an auto-adjusted budget based on the facility’s actual census as it fluctuates throughout the month, coupled with a declining budget, he will be able to discern his direction and feel empowered to meet the goals. Why is this important? If census goes down, he is delivered the adjusted budget dollars and declining balance for purchases through the month ensuring expenses are controlled. Likewise, if census increases, adjusted budget dollars increase, and orders adjusted for enough supplies to be certain he is taking excellent care of his customers. Without predictive analytics, his orders may be “his best guess” on needs and may fall short of budget expectations and stress his department’s commitment to excellence.
Employing this simple business intelligence strategy across all of your department heads will empower the facility to meet budget expectations.
All of your Department Managers want to succeed. With predictive analytics, auto adjusting budget dollars and “declining balance” can give them confidence to meet spending expectations.
What else can predictive analytics be used for?
Skilled nursing operators have a wealth of data that can be used to make course adjustments and get back on track to reach goals. Data gives you a historical view of “what happened” and “what’s happening right now”.
Predictive analytics identifies trends, alerts for problems, and offers opportunities to put data to use and strengthen favorable outcomes.
Our predictive analytics strategies can be applied to PBJ, census, cash flow, and accounts receivable, and many more.
Making sense of too much data
How many software platforms does it take to run a skilled nursing facility? Census/EHR, Payroll, Scheduling & PBJ, Culinary, Financial, … the list goes on. The result? Information overload. Yet, smart operators are taking these data silos and integrating them for their best benefit. By doing so, they are turning information overload into business opportunity. Prone 2 Dream Technologies has developed CORE – a business intelligence strategy that joins together your disparate data silos into a relevant order. Your data aggregated in one place —custom dashboards – where you have real time access to all the factors affecting your profitability. CORE gives you the ability to view fresh data on a daily basis – you can drill down into your daily activities and find the insights you need for actionable decisions – in minutes. You are able to monitor controllable expenses before they affect your bottom line. With CORE, you have the visibility to evaluate the course, identify direct influencers and evaluate course corrections as the data builds bringing stability to your profit margin.
How to apply a predictive analytics strategy
The key is consultation with our seasoned analyst who can assess your data stores – The why? The how did we get here? The what needs to change for us to reach our goal? Once your history has been evaluated and the goals identified, Prone 2 Dream Technologies can apply a predictive analytics strategy over that data. This includes integrating your data platforms into a centralized location, keeping them refreshed, where critical KPIs can be at your fingertips. Sound complicated? It’s not.
Prone 2 Dream sets you up for success with onboarding, ongoing training and unlimited support for your executive team and front-line managers.
Contact us today for your complimentary consultation.
by Leona Fink | May 6, 2020 | COVID-19, Dashboards, Skilled Nursing Facility
The new reporting requirements announced by CMS may be causing you additional stress – but Prone 2 Dream Technologies has an easy and effective solution for you.
As announced in April 2020, in addition to reporting to the CDC, the CMS will require that facilities notify its residents and their representatives to keep them informed of conditions inside the facility.
Nursing homes must inform residents and their representatives within 1 day of the occurrence of specific infectious disease details.
Prone 2 Dream Technologies serves SNFs by solving the challenge of a rapid turnaround time in reporting as required by CMS.
With Facility Dashboards, you can report necessary critical updates to your residents and their representatives each day. The data is viewable on a user-friendly, interactive dashboard where your customers can reassure themselves of the safety of their loved one within your facility. The dashboard allows the viewer to compare your statistics with those of your county, state, country, and the world.
Contact us to learn more: Call 469-294-5233 or email contactus@prone2dream.com
by Leona Fink | Apr 16, 2020 | COVID-19, Dashboards
Prone 2 Dream Technologies was recently asked to create dynamic dashboards from multiple APIs including Johns Hopkins University and other data sources for state and global statistics.
Here is the most current data available on the coronavirus, which is auto-updating as new information becomes available. You can easily maneuver through the dashboards to find the data you seek. Note the ability to enlarge each dashboard by clicking the upper right corner.
As you do so, imagine what your company’s healthcare data including revenue reporting, census reporting, profit & loss and more could look like on one of these dynamic dashboards. In addition, you could have perpetual analysis of 15,000 skilled nursing facilities with the CMS public data stores and stay apprised of industry trends.
Prone 2 Dream can turn your key performance indicators into digestible, user-friendly information to help you make critical decisions. Imagine the ease of presenting your KPIs to your stakeholders, executives, and team with these dynamic visuals.
Contact us for a consultation today.
by Leona Fink | Apr 3, 2020 | Microsoft, Microsoft Teams
When we turned the corner into 2020, did you have any idea that within 90 days, you’d be operating with a large part of your team (if not all of them) working from home?
And now that this is the New Normal, how are you faring?
Does your organization feel secure? How is data being stored and shared?
What about project assets? Do you have documented trails of conversations?
Are all the right players involved in the right meetings? And if you’re video conferencing, are those channels secure?
There are so many critical questions to find solutions for, because the coronavirus climate is going to be around for a while.
The Good News
If the Microsoft Office 365 suite is part of your operating system, there is really great news. In addition to the standard Outlook, Word, Excel, and PowerPoint tools, you also have access to Microsoft Teams.
Teams is the perfect platform for your agile workforce – this cloud-based technology enables groups within your enterprise to collaborate, communicate, and memorialize all aspects of their project(s) in one secure place.
Teams is Microsoft Powered – The source on which you rely for credibility, security, innovation, and data-driven excellence.
Teams has seen significant growth over the last year, with Microsoft announcing the app had exploded in popularity from 20 million business users in November to 44 million in April. Part of that bump, about 12 million users, joined the service between March 11 and March 18 as more people around the world began working from home due to coronavirus lockdowns. (Yahoo Finance, 3/30/2020)
Video conference within Microsoft Teams
Want Teams now? Prone 2 Dream Technologies has been a Microsoft partner since 2006. We can have you up and running this platform fast and will provide training for seamless integration. Contact Us.
What exactly is Teams?
Teams is a hub for teamwork.
Pull together different teams for different ideas. Then create the teams for the projects that will transform those ideas into realities.
Your teams work together in the cloud, communicating by chat instead of email and using channels for all relevant files and folders.
It’s a workspace for editing documents simultaneously, with single tap replies, likes, and mentions.
A team can customize their project with websites, notes, and apps.
The result – Teams is fun – and having fun inspires creativity, productivity, and a winning team culture.
12 Benefits of Using Teams
- Video and audio conferencing and recording. There are other platforms that provide these services, but wouldn’t you rather hold these meetings within your own secure environment?
- Fully secured business platform with private hosting (and HIPAA compliant for Healthcare companies). Teams enables you to transition to a cloud-based infrastructure, lowering the total cost of ownership of your IT and management solutions.
- Quarterly compliance documentation. Easily store, submit, review critical reports.
- Virtually brings people around ideas. The ability to assemble the right people to brainstorm, document, collaborate and plan, no matter where they’re located.
- Memorialization of instant messages. Chat individually or within a specific group, saving ideas and comments.
- Inline conversations and dedicated group email. Each project communication goes to the right people and is saved in the right spot.
- Simultaneous document authoring and version control. An easy way to collaborate on written communications.
- Enables unlimited projects ongoing within your environment. And all project assets are securely stored within this workspace.
- Ability to include external contributors. Need to invite a client, vendor, potential hire to a meeting within your secure workspace? No problem.
- Reduces costly travel expenses. So much work can be achieved in Teams, you’ll find less traveling is needed.
- Lowers your total cost of IT ownership through its virtual, cloud-based platform. Teams integrates with most popular business apps.
- Simple set-up and easy for your team to learn.
You can’t afford to wait
You may be wondering “How can I possibly implement a new system or process right now? I have so much on my plate!” But you can’t afford to wait if you know or even suspect that important business assets are slipping through the cracks.
Get set up now on Teams and emerge from the COVID-19 pandemic with a future-focused, location-neutral platform for your business infrastructure.
Prone 2 Dream Technologies is your bridge to Microsoft Teams. Prone 2 Dream has been a Microsoft partner since 2006, providing secure enterprise solutions to the healthcare and hospitality industries.
We would welcome the opportunity to show you how Teams creates a hub for teamwork, enabling your remote and on-site workforce to stay connected and engaged. P2D can set you up quickly and virtually train your team.
Contact us today for a demonstration.
