Decision Support: Why the Executive Dashboard Is a Healthcare CEO’s Best Advisor

Healthcare CEOs and other C-Suite leaders can’t make quality decisions in today’s rapidly changing, complex environment without decision support. Healthcare CEOs are starting to realize that executive dashboards with personally tailored views of key metrics are no longer a luxury, but an absolute necessity, for three key reasons:

  • Helps leaders analyze and digest large amounts of data relating to care quality, operations, contracting, and major purchasing decisions.
  • Gives leaders a clear understanding of the financial aspects of their systems, such as revenue streams, cost drivers, costs of capital, bundled payments, and payment reforms.
  • Facilitates conflict resolution and helps leaders work collaboratively—using a matrix management approach—with peers, direct reports, and system experts.
Today’s healthcare CEO must be skilled problem solvers, strategic and analytical thinkers, and collaborative leaders who understand both the clinical and financial sides of healthcare—goals made possible with an executive dashboard.

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Leading Wisely in Healthcare: Why the Next Generation Executive Decision Support System is an Industrywide Imperative

Healthcare leaders are struggling to make effective, data-driven decisions given the industry’s unexpected, complex, and rapidly changing challenges, from advancing healthcare reform to rising consumerism. Fortunately, there’s hope with the next generation executive decision support system, which facilitates decision making in several key ways:

  • Aggregates reliable, up-to-date information from all available sources, and makes it readily accessible.
  • Enables leaders to break information down and view it in more user-friendly ways—often in the form of graphs that make important conclusions or trends more recognizable and understandable.
  • Supports a leader’s ability to drill down into the data in search of problems’ root causes.
  • Plays an important communication and collaboration role, helping leaders work with the intellectual assets of the organization to problem solve and align the organization around a common vision and strategy.
Managing change in today’s industry is a difficult endeavor, but an executive decision support system can help leaders navigate this complexity and make effective, data-driven decisions.

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