Bad Data, Big Cost - Prominence
Bad Data, Big Cost02/16/2018
Advanced AnalyticsAdvanced AnalyticsAI and Data GovernanceAlign People, Processes, and TechnologiesAnalyticsAnalytics TeamArchitectArchitectCollibraCultureDashboard and Metric ConfigurationData GovernanceData Lakehouse and Medallion ArchitectureDeploymentEpicEpic ServicesEpic StaffingEventsGenerative AIInformaticaKLASMachine Learning and Data ScienceModelOperationalizeOrganizeOrganizePlatform MigrationsPlatform MigrationsProminence BasecampRevenue CycleTableauVisualizeVisualizeWebinars All posts

We often think about the importance of good quality data to drive patient outcomes when we talk about improving care and reducing healthcare costs.  We use data to design clinical decision support, to influence how we manage patient populations, and to evaluate trends to evolve how care is delivered, all to ensure we provide the best possible care to a patient.

Getting good quality data takes time and effort. The cost of poor data is extraordinarily expensive according to Thomas C. Redman’s article in Harvard Business Review. In the US alone, poor data costs $3.1 trillion annually, according to an IBM estimate. The major cause is the downstream impacts of decisions and actions made on bad data.

Redman explains the cost stems from end-users correcting for the inaccuracies in data themselves just to complete their work more quickly. The downstream effects of this for your health system are pervasive. When end-users don’t report the quality issues with data, your data architects don’t get the feedback to know there is a problem to correct, and the bad data continues to live on. Every time a clinician turns to this data, they’re spending a little bit of time correcting it to move forward. And that’s the best-case scenario. If the error isn’t caught, clinical decisions are made based on poor quality data, and the downstream cost can balloon quickly with unnecessary tests and declining patient condition.

The solution to data inefficiencies is data governance. Effective data governance lowers your risk of big costs and poor patient outcomes by establishing communication channels between users and data architects, a standard for the identification and approval of a data need, and establishing a source of truth for future consumption.

As Redman points out, it takes some work for data consumers to understand and articulate what they need, and even then, your report and clinical decision analysts may misunderstand the need. It’s therefore important to establish a line of communication between those who need the data and those who create it. Data governance creates that line.

At Prominence, we’re ready to partner with you to develop your data governance strategy from the ground up, or take it to the next level. Find out more about our strategies for effective data governance here.

Recent Posts
https://prominenceadvisors.com/wp-content/uploads/2024/07/Cogito-Data-Governance-One-Pager.pdf
https://prominenceadvisors.com/wp-content/uploads/2024/07/BI-Tool-Consolidations-and-Conversions-One-Pager.pdf
https://prominenceadvisors.com/wp-content/uploads/2024/07/AI-Adoption-and-Snowflake-Report-One-Pager.pdf
https://prominenceadvisors.com/wp-content/uploads/2024/07/Bed-Utilization-Accelerators.pdf
https://prominenceadvisors.com/wp-content/uploads/2024/07/Actionable-Analytics-Referral-Management-.pdf
© 2024 Prominence Advisors, Inc, All Rights Reserved

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Fermentum leo vel orci porta non pulvinar. Luctus venenatis lectus magna fringilla urna porttitor. Sodales ut eu sem integer vitae justo eget magna. Ultrices eros in cursus turpis massa tincidunt dui. Urna duis convallis convallis tellus id. Sed elementum tempus egestas sed sed risus pretium quam. Aliquam nulla facilisi cras fermentum odio eu feugiat pretium. Tellus in metus vulputate eu scelerisque. Sem nulla pharetra diam sit. Urna et pharetra pharetra massa massa ultricies mi quis hendrerit. Sed risus ultricies tristique nulla. Euismod lacinia at quis risus sed vulputate odio ut. Mauris rhoncus aenean vel elit. Tortor posuere ac ut consequat semper viverra nam libero. Pellentesque habitant morbi tristique senectus et netus et. Sem integer vitae justo eget magna fermentum iaculis eu non. Adipiscing diam donec adipiscing tristique. Massa sapien faucibus et molestie ac feugiat sed lectus vestibulum. Id diam vel quam elementum pulvinar.

Lorem ipsum dolor sit amet. Lobortis elementum nibh tellus molestie. Blandit volutpat maecenas volutpat blandit aliquam etiam erat velit scelerisque. Tellus cras adipiscing enim eu turpis egestas pretium aenean. Feugiat nisl pretium fusce id velit ut. Auctor urna nunc id cursus. Velit dignissim sodales ut eu sem integer vitae justo. Pellentesque adipiscing commodo elit at imperdiet dui accumsan sit. Nisi vitae suscipit tellus mauris. Interdum varius sit amet mattis vulputate enim. At risus viverra adipiscing at in tellus integer. Nunc scelerisque viverra mauris in aliquam sem. Convallis posuere morbi leo urna. In vitae turpis massa sed elementum tempus. Cursus euismod quis viverra nibh cras. Eros donec ac odio tempor orci dapibus ultrices in. Augue ut lectus arcu bibendum. Eget sit amet tellus cras adipiscing enim. Tincidunt praesent semper feugiat nibh sed pulvinar proin gravida.