data overload

Paralysis by Analysis

It’s a condition of information over-load fueled by the strong desire for more knowledge and more data, which is easily satisfied by the touch of a button or the swipe of a finger thanks to today’s technology. Healthcare leaders require greater amounts of evidence to drive their decision-making processes. While it is essential to thoroughly evaluate operations and draw informed conclusions, is this enhanced analytical mindset and strong reliance on data becoming more detrimental than beneficial?

Here are three quick tips to make sure that you are not becoming afflicted:

  • First, it is important to make sure you are mining the right data! With access to so much, it is easy to get bogged down and confused by all of the material available. Make sure the information is relevant to the situation or task at hand and is singularly focused. Streamline based on what is most important to your organization and question the integrity of the data. Remember, if something looks too good to be true, most likely it is!
  • Second, make sure you are extracting information from a trusted source. There are countless databases, third-party providers, and publicly available resources to choose from – so choose wisely! Check credentials and make sure you invest in partners that are aligned with your strategic vision.
  • Finally, rely on experience! It takes a lot of training and expertise to become a leader in today’s healthcare environment. Trust in your abilities and that of your management team to make strategic decisions that are realistic and attainable – not simply based on what others are doing or what certain data might suggest. No one knows an organization better than its leadership.

As the saying goes, knowledge is power. However, be cautious not to be blinded by the constant need to justify all decisions with extensive analysis. Let the proper data guide you, not paralyze you!

To discuss how to obtain, analyze, and apply the necessary data to your strategic initiatives or to learn more about the performance improvement solutions offered by ALTIUS, contact us today!

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