Healthcare in the US is on the cusp of monumental change. The role of the finance department continues to evolve and become more strategic as the healthcare industry transforms. A CFO's ability to effectively manage and harness financial, operational or clinical data is crucial to an organization's success. However, discovering the value hidden in an organization's diverse and distributed data is an ongoing challenge. Jim Goodnight, PhD, founder and CEO of SAS, said business intelligence powered by analytics enables all layers of an organization to exploit every data source to understand the past, examine the present and predict the future, and confidently act on this knowledge. BI can help remove the risk around decisions focused on disease management, clinical effectiveness, safety and new consumer-directed healthcare programs. Indeed, practically every major issue facing healthcare today demands greater access and analysis of broader and deeper sources of data than traditional silos have provided.
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