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No More Dishonest Data

Data quality is the foundation of
healthcare decision-making and analytics.

If You Can’t Trust It, What Good Is it?

The Symptoms Of "Dishonest Data"

Too many databases

You’re running data feeds from multiple databases to multiple modules — just to 

put together a simple budget or attempt to analyze some basic performance metrics.

Too much reconciliation

You’re spending way too many hours trying to reconcile data between 

your financial modules. In addition to the extra cost, consider the lost productivity and increased chance of human error.

Not enough communication

Your hospital finance modules don’t talk to each other — you feel like you’re 

playing a sophisticated game of “telephone.” And we all know how that game ends.

Minimal vendor support

Your vendor is only performing a few minor checks

on your most critical data. Even they don’t trust your data enough to go any deeper.

Working with Dishonest Data means you’re jeopardizing your planning, clinical-financial integrity, and data governance capabilities, every single day.

Honest Data is:

Trusted, Reconciled and Verified …

Sourced from ONLY One Database and One System

Therefore, it produces ONLY One (Accurate) Answer

How Honest Data Works

Start with an approach to data that provides a single source of truth (SSoT)—prioritizing easy reconciliation, seamless communication between modules, and minimal work for you. Our approach to data means …

  • Your financial data flows from Oi Financial Performance directly to Budget and Cost Accounting.
  • You reconcile once — your data is vetted by managers in one pass.
  • Management spends more time analyzing data — not sorting through it.
  • A complete, modern, unified system created for today’s hospital, health system, and physician group’s financial challenges.
  • 40 automated quality checks to ensure your data comes in clean, right from the start.
  • If a charge for a procedure is missed, the system catches it, fixes the issue and reconciles.
  • From Capital Planning to Labor Productivity to Operational Budgeting, all our modules speak the same language; use the same data and deliver unified, honest results. 

If so, you’re dealing with inaccurate data, you’re risking your organization’s financial health — every single day.

R (1)

Warning

Some Systems Try To
Fake Honest Data

Why They Do This

It might be because their systems were created back in the Jurassic period (from a technology perspective), using an ancient technology, and thereby can’t integrate well with other critical, existing systems. This lack of integration is built into their core system.

The only way to fix this problem would require a total rewrite, using newer technology, which will require enormous time and an even bigger investment of money.

It’s much easier to ignore the issue and brush it off. But, it’s YOUR data that suffers and YOU end up making critical decisions on bad information.

Some “leading” systems require three databases across all your systems — that’s three times the work!

This might sound reasonable, but chances are you’ve just gotten used to making decisions based on dishonest (inaccurate) data and doing lots of extra, unnecessary work to produce worthless results.

It’s time to ask yourself a few questions…

  • Are your analysts spending the majority of their time compiling data?
  • Are you working with multiple databases for cost accounting, budgeting, and financial management reporting? 
  • Are your managers constantly reconciling between modules, burning excessive time processing data and producing reports?
  • Do you have to run to your vendor for updates and even minor changes?
  • Are your financial and clinical teams working on a solution that feels cobbled together from the ’90s? 

If so, you’re dealing with Dishonest (inaccurate) data and risking your 

organization’s financial health daily.

How At Risk Are You?

Take Our Free Risk Assessment

One of our Honest Data SM Experts will help you evaluate your existing risk and determine how severe it might be. You’ll see for yourself exactly where you stand.