Performance Management Framework for Healthcare Providers
PMF for Healthcare is a comprehensive platform for creating and managing your organization's key performance metrics.
Due to increased financial, competitive and, compliance pressures, many healthcare organizations are turning to Six Sigma and Balanced Scorecard methodologies to optimize operations. To implement these strategies they are using certified performance management tools to define their goals, strategies, and relationships, and deliver key performance indicators (KPIs) to everyone who needs them throughout their organizations.
At Information Builders we believe performance management (PM) is more than an executive checking KPIs or monitoring financial performance. Done right, performance management gives staff at every level – and their business partners – the ability to continuously optimize their own operations. A culture of accountability is created, because real people get real-time alerts and can quickly react to problems before they escalate.
Our Performance Management Framework (PMF) is certified by the Balanced Scorecard Collaborative (BSC) and provides an easy-to-use end-user tool for defining, aligning, monitoring, and measuring, strategies, plans, goals, and objectives. To accomplish this, PMF integrates seamlessly with financial, clinical, and, administrative systems giving end-users the ability to securely drill through to detailed data, schedule alerts, perform cause and effect analysis, and view performance trending. PMF leverages your existing assets, giving you a cost-effective solution that can be implemented without disrupting operations.
PMF for Healthcare is a fully customizable out-of-the-box solution (COTS) that includes pre-defined metrics and scorecards for all of your key performance indicators. It collects, collates, and aggregates data from your financial, clinical, and administrative systems and delivers the results in an easy-to-use dashboard. With PMF your organization can be fully operational with a balanced scorecard quickly and efficiently without long periods of tedious consolidation efforts.
Whether you are implementing dashboards and scorecards as a tool for your hospital board and executives to measure operational efficiency and quality of care for pay-for-performance initiatives, or as a way to communicate financial, clinical, or administrative metrics – you can now use a single tool to address all these challenges.
