These 5 reporting mistakes may be harming your ABA practice
In order for an ABA organization to grow, it must have clear insight into critical reports, trends, and patterns. According to a recent study, organizations that implement a unified data analytics platform experience increased revenue, improved productivity, and infrastructure savings, with a 417% return on investment in their data analytics.
Data-based decision-making is at the core of ABA. Just as ABA clinicians use data to make decisions about the progression of therapeutic services, agencies must use data to make decisions about the progression of their organization. Per the McKinsey Global Institute, data-driven organizations are 23 times more likely to acquire customers, times more likely to retain customers, and 19 times more likely to be profitable.
Multiple Data Sources
Many organizations use multiple data sources such as individual excel spreadsheets or external software tools for each aspect of their business. It can become challenging to make effective business decisions when analyzing data across multiple sources.
Organizations can make sharp business decisions quicker with CentralReach’s Data Warehouse. Create reports from multiple data sources and systems and interpret the data effortlessly with a user-friendly platform.
Manual Data Manipulation in Spreadsheets
Using spreadsheets to track vital aspects of your business such as authorizations, claims, and clinical progress can increase the likelihood of human error, resulting in inaccurate reporting. Additionally, in an industry where time management is crucial, spending excessive amounts of time updating and modifying spreadsheets can take time away from what matters most–client care.
Spend less time updating spreadsheets and enjoy the peace of mind that comes with data reporting. Feel confident making data-driven decisions with accurate and up-to-date analyses.
Bad data due to non-standard workflows & disconnected systems
Using non-standard workflows and disconnected systems can result in issues in your data output. Inaccuracy in your data can have serious consequences for your organization, including decreased productivity, lack of visibility into project planning, and reduced revenue opportunities.
With CR Insights, you can change your reporting without changing your workflow. Build custom reports using your existing non-standard workflows.
Inaccurate forecasting for PE/leadership
Leadership teams must have a thorough understanding of the current status of how their practice is performing. When individual locations of an organization are reporting things differently or failing to communicate key aspects of business, forecasting may be inaccurate.
With CentralReach Insights, forecast your organization’s financial health, operational efficiency, and more. With Advanced Business Intelligence, you can even forecast the confidence level of your data. Ensure your leadership team fully understands your agency’s trends and the forecasted progression.
Difficult to share necessary data across teams
In addition to leadership teams, BCBAs, clinical directors, schedulers, and other positions within an organization need access to vital reports to make data-driven decisions. It can be difficult to share necessary information across multiple teams in an organization. Not all departments operate within the same systems and using email raises concerns about potential HIPAA violations.
Using Advanced Business Intelligence, with the click of a button, you can share data and reports with individuals or entire groups directly in CentralReach’s HIPAA-compliant platform.
Achieve Organizational Growth with CR Insights
Empower your organization with data-driven insights. Have the data you need when you need it to make quick and efficient decisions regarding the progression of your organization. Quickly and efficiently analyze authorization utilization, cancellations, clinical & operational productivity, and receivables using CR Insights reporting and analytics solutions.