Nuance to Guide Financial Leaders on the Power of Cloud-based Analytics to Solve Healthcare’s Most Pressing Challenges
June 20 2019 - 8:00AM
Nuance Communications, Inc. (NASDAQ: NUAN), an industry-leading
provider of AI-powered solutions, will host a full day experiential
learning track for leading healthcare systems executives, “Business
Intelligence, Data Management and Return on Analytics,” at the
Healthcare Financial Management Association (HFMA) Annual
Conference in Orlando, Fla., June 24, 2019. The track will educate
a cohort of attendees on how to capitalize on the right data to
boost physician engagement, unlock the full value of claims-data
sets for value-based contract negotiation and create an analytics
ecosystem to drive performance.
Healthcare as a whole is at a critical juncture: spending
continues to skyrocket, burnout has been coined an official medical
diagnosis, and organizations are failing to optimize the costly
technology in which they have invested. The industry is begging for
a solution to make healthcare work as it should, and with the role
of the CFO evolving to have more of a strategic focus on data
analytics, emphasis must be placed on education for organizations
to make data more actionable in order to thrive financially and
clinically. A recent Black Book research study reinforced the fact
that analytics should play a critical role in the decision-making
process at hospitals and health systems. The study highlighted cost
control as the top concern for every healthcare leader including
CFOs, who are leaning more into the technology and innovation
realms than ever before.
“The healthcare industry is experiencing a monumental shift on
the analytics front, and CFOs and others in the financial
departments of health systems are looking to better understand the
nuts and bolts of Big Data in optimizing performance, driving ROI,
and helping to reduce burnout,” said Michael Clark, senior vice
president and general manager, Nuance Communications. “There is a
demand for actionable insights in healthcare and real-time
financial metrics to extract value for organizations and, as a
company, we’re committed to advancing our analytical platform and
self-service dashboard to help organizations and clinicians thrive
now and in the future.”
According to healthcare consulting firm Kaufman Hall’s 2019 CFO
Outlook: Healthcare report, 96 percent of healthcare CFOs think
that their organizations should be doing more to leverage financial
and operational data to inform strategic decisions initiatives, and
94 percent said they have experienced increased pressure to have
greater insight into how financial results impact business
strategy. And with more than 60 percent of CFOs looking to create
better dashboards and visualizations, pulling data in from multiple
sources into a single report, organizations like HFMA are doubling
down to include conference sessions that provide tangible takeaways
for CFOs and financial leaders to help improve enterprise
performance management for their organizations.
The Nuance HFMA cohort will include participation from industry
leaders Halifax Health, Regional Health, Carilion Clinic, and
Partners Healthcare, who will share analytics best practices
surrounding their documentation and Electronic Health Record (EHR)
optimization initiatives. In addition, the session track will
feature a unique, interactive working session where CFOs can dig
into national benchmarking of peer hospitals and real-time
analytics such as risk of mortality, severity of illness,
readmission rates, and Case Mix Index to learn how to improve the
performance of their clinical documentation excellence programs and
EHR with actionable solutions.
“We needed to utilize analytics to improve the time-to-value for
our EHR investment,” said Stephanie Lahr, MD, CHCIO, chief
information officer and chief medical information officer, Regional
Health. “After working with Nuance to better understand our
approach to analytics in the EHR, we underwent a
significant transformation and will be incorporating AI and
data analytics to identify health patterns in patient populations
where opportunities for personalized interventions didn’t exist
before.”
To learn more about the cloud-based analytics platform Nuance
healthcare solutions are built on and the impact on providers and
their care teams, please visit booth #859 or attend the sessions
below:
Monday, June 24
- 10:00-11:15amET: Using analytics to optimize the EHR, with
Michael Clark, senior vice president and general manager, Nuance;
Stephanie Lahr, MD, CHCIO, chief information officer and chief
medical information officer, Regional Health; Stephen Morgan, MD,
senior vice president and chief medical information officer, Health
Analytics and Clinical Informatics, Carilion Clinic; Christopher
Holland, HCMBA, User Experience manager, Clinical Strategy and
Innovation, Partners HealthCare
- 1:30-2:30pmET: Using AI-powered documentation to prioritize
patient encounters, with Anthony Oliva, DO, vice president and
chief medical officer, Nuance; Tom Stafford, vice president and
chief information officer, Halifax Health
- 2:45-3:45pmET: Using analytics to improve documentation
performance, with Michael Clark, senior vice president and general
manager, Nuance; Anthony Oliva, DO, vice president and chief
medical officer, Nuance
About Nuance Healthcare Nuance provides
intelligent systems that support a more natural and insightful
approach to clinical documentation, freeing clinicians to spend
more time caring for patients. Nuance healthcare solutions capture,
improve and communicate more than 300 million patient stories each
year, helping more than 500,000 clinicians in 10,000 global
healthcare organizations to drive meaningful clinical and financial
outcomes. Nuance’s award-winning clinical speech recognition,
medical transcription, CDI, coding, quality and medical imaging
solutions provide a more complete and accurate view of patient
care.
About Nuance Communications, Inc. Nuance
Communications, Inc. (NASDAQ: NUAN) is the pioneer and leader in
conversational AI innovations that bring intelligence to everyday
work and life. The company delivers solutions that can understand,
analyze and respond to human language to increase productivity and
amplify human intelligence. With decades of domain and artificial
intelligence expertise, Nuance works with thousands of
organizations – in global industries that include healthcare,
telecommunications, automotive, financial services, and retail – to
create stronger relationships and better experiences for their
customers and workforce. For more information, please visit
www.nuance.com.
Trademark reference: Nuance and the Nuance logo are registered
trademarks or trademarks of Nuance Communications, Inc. or its
affiliates in the United States and/or other countries. All other
trademarks referenced herein are the property of their respective
owners.
Media Contact Information Finley HinesSenior
Manager, Corporate Communications - Healthcare Nuance
Communications, Inc. Tel: 781-565-5438 Email:
finley.hines@nuance.com
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