Data benchmarking plays a big role in healthcare management. It ensures that the practices followed by healthcare providers are best in the industry and the comparison made helps practices understand where they stand against the best. It also provides excellent insights on how to improve the process to meet the standards of the best in the industry thus helping healthcare practices the right course of action to improve their services.
Flatworld Solutions has over 20 years of experience in providing hospital benchmarking data for health care practices in the US. Besides improving patient care services, our healthcare data benchmarking have empowered hospitals to widen their sourcing capabilities, set the correct metrics for all purchases and agreements, and handle supplier data with great efficiency and competency. The cumulative effect of this service has led to maximized cost savings and reduced service spending.
Our Healthcare Benchmarking Services
As a renowned healthcare benchmarking services company, we provide a range of benchmarking services. These include -
With our internal benchmarking services we assist our client's benchmark between departments, offices or divisions, within their clinic or hospital. Our clients seeking this particular service usually have their branches across many locations and would routinely want to examine or evaluate a range of measures across the branches. This helps healthcare centers focus on issues that require special attention in these branches and the process of standardized practices across the branches.
With competitive benchmarking, we assist our clients to compare their metrics with their nearest competitors serving in the same area. Besides we also do competitive benchmarking to look at clinics and hospitals that cater to another market in another geographic location. The objective is to analyze the data, map them against each other and improve their processes.
With our functional benchmarking services we compare the performance of your business against businesses in the altogether different industries having the same kind of process or metrics to provide actionable insights for your business.
Our generic benchmarking services have enabled healthcare service providers to focus more on general processes and come up with new thinking in the organization. It is a common basis of mapping processes irrespective of the industry and helps in assessing standards when it falls below a certain level.
With strategic benchmarking services we assist healthcare providers to develop core competencies and get a long-term competitive advantage. This kind of service is designed to help providers from an operational point.
In global benchmarking services, we compare the services of a provider with similar healthcare or other service providers operating from different countries. Some major hospitals employ us for this service to achieve a global benchmark and improve standards to the desired level since the operation standards are different in different countries.
Our Healthcare Benchmarking Process
We are a reputed healthcare benchmarking service provider and implement benchmarking process in a streamlined way consisting of the following steps -
01. Identify Data to be Benchmarked
We meet you to understand the benchmarking needs of your practice. The objective is to know everything about your practice, the kind of benchmarking you are seeking and for which particular department
02. Identify Benchmarking Competitors
Once we get an understanding of your benchmarking needs we draw the blueprint according to which we implement our services
03. Clean and Analyze Data
After we collect the data we cleanse it for gaps and inconsistencies. Once the unwanted elements are weeded out from the data we analyze the data with tools such as (R, Excel, Python, Rapid Miner, Looker, to get actionable insights
04. Measure Data Performance
In this stage, we compare the results of the analyzed data with the identified metrics. Based on this comparison we identify the loopholes in your process
05. Plan Implementation
While our reports come with recommended solutions, we also draw a final plan to help you implement the recommendations. The outlined plan is drawn based on well-defined goals and includes implementation guidelines to be executed in phases
Other Services You Can Benefit From
Benefits of Outsourcing Healthcare Benchmarking Services
As premier healthcare benchmarking services providing company, we offer several benefits to healthcare practices. These include -
Improve Quality at Reduced Costs
Our experience in assisting several large and small practices sets the ideal benchmark that can be leveraged for guaranteed results. At the same, time being an offshore company, we provide benchmarking services at nearly half the market costs.
Improve Productive Hours
With our benchmarking services, we plug the gaps and arrest the downward slide to turn things around in quick time. This assists practices to save hugely on productive hours and make operations efficient.
Improve Patient Satisfaction
With improvement in quality due to accurate benchmarking, practices can see a remarkable improvement in satisfaction levels. Our services have helped our clients bring about all these changes and ensured increased satisfaction levels among patients.
Our high-quality healthcare data benchmarking practices have assisted our clients to keep first-level resolution rates high, and in the process increase cash flow for their practice.
Expert Data Benchmarking Analysts
Our data analysts have an in-depth understanding of statistical methods and can present benchmarking results in perfect graphical representations. Our experts are supported by specializing in legal issues, library, search services, graphic design, etc.
Absolute Data Security
As a reputed healthcare benchmarking service provider, we guarantee uncompromised security services to our clients. We ensure this with the help of robust security practices.
Client Success Stories
FWS Provided Accurate Data Research and Analysis to a Leading Hedge Fund
A leading American hedge fund operator required meticulous research and analysis services, which we provided, enabling them to act on sound investment and trading strategies.
FWS Performed Financial Modeling for a US-based Management Consulting Company
A US-based management consulting firm required advanced financial modeling services. We researched and created comprehensive financial models, much to the client's satisfaction.
Outsource Healthcare Benchmarking Services to Flatworld Solutions
I've been thoroughly impressed with all of your work this past few months, even the QA completed in the last few days has been superb. Thank you for your flexibility, patience, and excellent communication throughout the project!Director, Product Research and Data, USA More Testimonials »
Flatworld Solutions has over 2 decades of experience in providing healthcare benchmarking services to hospitals across the US. Benchmarking Data in Healthcare is fraught with challenges and our services have assisted several practices to make use of their as well as their competitor's data to improve their services. Our experts collect large sets of complex data from several accessible sources, analyze them to draw actionable insights from that data, and come to the right conclusions to improve processes like patient care, medical billing, accounts receivables, revenue cycle management, etc.
If your business is looking for the best healthcare benchmarking services in India then get in touch with our experts now.