Simplifying Data Through 5 Questions

Data can be a huge blessing for hospitals and health systems as they move to make more evidence-based decisions and solve issues. However, a large influx of data can overwhelm for hospital leadership.

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To avoid complications related to data, hospitals can instead simplify data expectations by answering five questions, outlined in a whitepaper by The Greeley Company.

First, the users and providers of data should be able to answer the following four questions around the magnitude, direction, variability and rate of the data:

1. Is it too much or too little, too big or too small, too fast or too slow?
2. Are we getting better or worse?
3. Are the data stable enough that I can draw a conclusion from them, or are they jumping all over?
4. Are things moving slow enough that I have time to think about this, or are they moving so fast that I have to make an emergency decision right now?

Finally, the data should be able to answer a big strategic question:

5. Should we stay the course or change direction?

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

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