We live in a messy world (and a biased one), so hardly any organization can claim to have data as accurate as they want. According to Mike Noshay, Founder and Chief Strategy and Marketing Officer at Verinovum, provenance is “supreme.” In other words, the way to good data is to know how it was collected, who collected it, when events happened and were recorded, and so on.
Health care organizations need to know their data, but they also need to know their objectives. The types and amount of data cleansing they need depends on how they’ll use the data: to track high-risk patients, measure quality, etc.
Noshay illustrated the toll of poor quality by using “friction between payers and providers” as an example. Dealing with improperly coded invoices and missing data costs the industry 250 billion dollars each year. How much is it costing your organization?
Noshay says that typically, 40% of a customer’s data is usually good enough, 40% of the data usually benefits and improves after running through Verinovum’s 350,000 curation rules, 20% of the data benefits from Verinovum’s DCaaS learning environment that prioritizes review and improvement of logic to maximize data available.
Watch the video for more details about the role of data quality and how you can improve the quality of the data in your organization.
About Verinovum
Verinovum is a market leader in clinical data curation and enrichment, enabling payers, providers, and partner organizations to improve operating performance and quality with actionable data. By delivering clean, complete, and accurate data, Verinovum supports healthcare organizations in their efforts to access the right information, in the right format, at the right time, so it may be tailored and curated to fulfill specific use cases and achieve mission-critical clinical and business goals. Discover more at Verinovum.com.
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