Drowning in disparate data from payroll, operations, and finance? How many data sources feed your compensation process today?
Across the market we see that numbers range between three to thirty.
Data Types + Sources | ||
Encounters (multiple vendors depending on the systems) | Patient Satisfaction | Budget applications |
Collections/Payments | Stipends, Leadership, Other payments- manually maintained databases | Overhead/ Accounting |
Other Practice management feeds, such as Charge Lag | Access Matrix | Adjustments |
Quality Data | Leave of Absence | Panel |
Payroll | Credentialing | Accruals |
Scheduling Data- Call, Shifts, etc | Contract Data* | |
Time tracking* | Accounts Payable |
NOTE: ProCARE performs all of these functions, so these can be sunset during implementation.
When looking at vendors for comp automation, make sure you are considering how all this data will be managed.
Manually juggling spreadsheets is a recipe for frustration and errors in healthcare compensation and can ultimately make or break your team’s efficiency.
With various integration approaches vying for attention, it’s crucial to cut through the jargon and understand the practical implications of each.
The Integration Landscape: A Brief Overview
Data integration, at its core, involves enabling communication between different software systems. Traditionally, healthcare organizations have relied heavily on HL7 (Health Level Seven) and APIs (Application Programming Interfaces) to achieve this.
While these approaches boast robust technical capabilities, they often come with their own set of complexities and limitations. This is especially the case as you realize the number of systems to be set up to automate your processes coupled with those vendors’ limitations to extract data.
The Flat File Advantage: ProCARE’s Automated Solution
At ProCARE, we offer a smarter solution – seamless data integration powered by our proprietary Data Transfer Utility (DTU).
This unique flat file integration offers a streamlined alternative that addresses many of the pain points associated with conventional methods.
- Automated Data Sourcing: The DTU seamlessly gathers data across the organization, bridging gaps between Payroll, Operations, Finance, and Compensation systems. It acts as a central repository for critical data and bridge tables that might not have a dedicated source system, ensuring data integrity and consistency.
- Data Scrubbing: Frequently, source system data has issues. Oftentimes records do not have the required information to be linked in other ways, or records require a level of processing and calculation that is unavailable from the source.
While the DTU requires quality data, it also allows for these records to be corrected and managed without having to fight processes and data issues upstream, where changes may not even be possible, and timelines and automation will slow down as a result. - Enhanced Demographic Processes: Demographic data feeds from various sources are leveraged to create comprehensive provider profiles, automatically assigning cost centers, FTEs, groups, specialties, and other essential attributes. This eliminates manual intervention and streamlines provider allocation to various plans and components.
- Automated Access Management: User access for business group managers is automatically configured based on data feeds, reducing administrative overhead and ensuring appropriate access controls.
- Transaction Processing: Transactional data from diverse sources, such as panel, payroll, value, shift data, encounters, collections, LOA, patient satisfaction, and denials, are seamlessly integrated into ProCARE. Gaps in incoming data are identified and rectified, maintaining data accuracy and reliability.
- Customizable Outputs: The system generates customizable outputs tailored to the needs of Payfiles, Budget Systems, Accruals, and other downstream systems, enabling efficient data sharing and reporting.
- Transactional Data Generation: ProCARE serves as the source of truth for allocations such as stipends and APP supervision, automatically generating transactions based on effective data tables and monthly processing.
Beyond Technology: Empowering the Compensation Team
While HL7 and APIs might appear more technologically advanced on the surface, ProCARE’s flat file integration offers tangible business benefits that directly impact your compensation team’s productivity.
- Elimination of Manual Updates: By automating data flows and gap filling, the system frees your team from time-consuming manual updates, reducing errors and ensuring data accuracy.
- Workflow Optimization: Integration gaps often lead to fragmented workflows and inefficient processes. ProCARE’s approach eliminates these gaps, enabling smooth, streamlined workflows that empower your team to focus on strategic initiatives.
- Focus on Value-Based Care: With the burden of managing complex data integration lifted, your team can dedicate their expertise to driving your organization towards value-based care and leveraging compensation strategies to achieve organizational goals.
Shift Focus to Strategic Initiatives
Effective, compliant and risk-mitigated data integration is more critical than ever. ProCARE’s flat file integration offers a powerful, automated solution that transcends technological buzzwords and delivers real-world benefits for your comp team.
Look at the data integration needs as a whole when selecting a vendor. Understand how all of the necessary data will be brought into the application to ensure true automation – and a tenable workflow – will exist after implementation.
By streamlining processes, eliminating manual tasks, and bridging data gaps, it empowers your team to focus on what truly matters: driving strategic initiatives and fostering a culture of value-based care.
Schedule an Introductory call to learn more about how our technology integrates with your existing systems.
Continue Reading: Is your provider compensation truly automating and future-proof? Read more here.