As the CEO, do I really need a healthcare enterprise data warehouse?

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One of the questions we often hear is, “Do we really need a healthcare enterprise data warehouse?”  In this post, the second in a series, Health Catalyst Vice President Mike Doyle will share his thoughts on this important question from the perspective of both technologist and IT leader. One of the newest members of our team, Mike has led IT, data warehousing, and business intelligence teams at leading healthcare provider organizations. 

CEOs have an intuitive sense of what they need from their data: quality, cost, patient experience, and revenue information all in one place.  In my last blog post, I discussed some of the technical reasons CIOs and IT Directors should choose a data warehouse as a core component of their analytics strategy.  This post is intended for CEOs, COOs, CFOs – executive leaders who have the authority and vision to steer healthcare towards the future but who often find themselves without consistent access to the “breadth” of information they need.

Savvy leaders use broad views of their business’ data to better understand how moving a given “lever” within their organization could affect another.  The lack of access to integrated information at the C-level might seem like a universal, chronically unsolvable problem.

clinical and financial dataBut here’s the good news: it’s not.  What healthcare CEOs want is totally within their reach.

A growing number of health systems consistently give their CEOs the ability to quickly see across their organization’s data and make informed decisions.  These companies may have different reporting tools, but the best out there rely on a robust, comprehensive, and accessible data warehouse platform.

If you are a healthcare CEO, COO, or CFO, the two main reasons we think you need a data warehouse as part of your analytics strategy and roadmap are:

  • For what you want to do, it is the right tool for the job.
  • Once you see how powerful your Late-Binding™ data warehouse can be, you will not want to be without it.

These are bold statements that we stand behind 100 percent.

A data warehouse developed with a Late-Binding architecture is the right tool for the job because it has been proven and tested at organizations just like yours.  It has a track record of rapid time to value and the ability to address the demands of accountable care organizations.

To the second bullet above – is there something in your daily life that makes you wonder, “How did I ever do this before?”  For me, a good example is Pandora.  For those who haven’t used it, Pandora is an enormous database of all types of music, tagged with metadata that helps Pandora understand what that music means to listeners.  To use Pandora, tell it a band, composer, singer, or instrumentalist you enjoy, and it figures out what other music you may be interested in.

In order to deliver intelligent access to the world’s music, the incredibly smart people at Pandora have figured out how to successfully find, load, organize, and present music in a way that has never been done before.  I honestly have no idea how I managed to make all those mix tapes, CDs, iPod playlists, etc., in the past to satisfy my love of music.  I could absolutely get by without Pandora in my life, but it makes something I consider important– discovering and supporting new music – efficient and enjoyable.

Healthcare executives love what they do and are passionate about outstanding patient care.  They need tools and integrated, consolidated views of data to help their organization thrive and grow.  Health Catalyst has a platform, applications, and services that put the power of integrated information at your fingertips.  We will make that broad view of your company’s data not only accessible but also efficient and easy to use.  You will wonder how you ever managed without it before.

What technology solution makes you wonder, “How did I ever do this before?”

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