Comparable Financial Health Care Data Discussion

Objective: I’ve been in many meetings with healthcare finance experts where the topic turns to the validity of the data they’re viewing. And they’re right to be concerned — after all, finance experts need accurate, timely, actionable financial data to make informed decisions about their organizations.

Accessing high-quality data to make strategic decisions, however, is not an easy task in the healthcare industry for many reasons. .  

Getting Accurate Financial Data Comparable in Healthcare. For this assignment, you will Create, describe, Organize, analyze and, present standard report withhigh-quality data to make strategic decisions that will help analyzing partial year expenses, along with using inflations factor and accuracy measurements that health care administratorneeds to know to make data comparable as basis for properly preparing reports and budgets..   

a. Objectives of the report

b. How Data is stored in many different, siloed source systems.

c. How Health systems need to store large amounts of data

d. What is Healthcare data is highly volatile.

e. Inflations factors

f. Currency Measures

g. Standardize methods

Quickly recapitulate your thoughts & statement to your critique of the articles and Chapter you read.How did these articles and Chapters impact your thoughts about making Health care data comparable?