Big data is the latest buzzword to get tossed around healthcare. And for good reason: the possibilities that come from harnessing its power to improve organizational performance have seduced many of the nation’s healthcare executives.
Yet, while health systems are pouring time, money, and massive effort into crunching big data into useful insights, they are neglecting the more readily accessible and actionable little data filtering through their practices.
This is a mistake. Continue reading
Over the past decade, orthopedic and musculoskeletal (MSK) services have been immune to many of the negative reimbursement trends experienced by other specialties. This protection can be attributed in large part to the significant number of elective procedures, healthy revenue from ancillary services, and relatively strong year-to-year increases in reimbursement. As a result, many orthopedic practices have been able to maintain sufficient operating margins while remaining independent.
Now, however, that immunity is beginning to wear off. Continue reading