Are you using data to its full potential in your skilled nursing organization?
If the answer is noâor even maybeâyouâre missing out on one of the most powerful tools at your disposal.
At a well-run skilled nursing organization, success isnât just about providing exceptional care; itâs about making data-driven decisions that can optimize every aspect of your operations. From staffing and clinical outcomes to reimbursement and financial performance, data can transform how you manage your facilities.
But itâs not just about having dataâitâs about using it effectively. In this guide, weâll show operations, clinical, and finance leaders how to tap into the full power of data and analytics in skilled nursing to drive better outcomes, cut costs, and set their organization up for long-term success.
In this guide, we'll cover every core aspect to understanding data and analytics in skilled nursing, as well as include an action step you can take to improve your data and analytics practices at your organization today.
Ready to unlock the true potential of your facilities data? Letâs dive in.
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The foundation of any data-driven approach is ensuring that the software tools used across your organization are robust and aligned with your objectives. Skilled nursing facilities typically use a wide range of software for managing essential functions, with some larger organizations boasting over 40+ different platforms!
Those platforms can include but are not limited to:
By analyzing the software landscape across your organization, you can assess how well these tools integrate, where redundancies exist, and where gaps can be filled.
Conduct a software audit to identify which platforms are used across different departments, ensuring all essential functions are covered and fully integrated. Consider upgrading software that can communicate with other systems, reducing manual data entry and improving overall efficiency.
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Every skilled nursing organization is structured differently, from how teams are organized to how data is collected and utilized. Some facilities may rely heavily on spreadsheets and manual data entry, while others use more sophisticated (or unsophisticated) tools.
Evaluate your current data collection processes. Contact your software account rep to see if there are any integration opportunities or ways to pull real-time data through a data relay. If not, consider transitioning to integrated software solutions that streamline data collection and improve accessibility across teams.
When every system and software is integrated it can facilitate the ability to quickly drill down or roll-up data across all core departments. For more on the concept of data mobility, check out From Macro Trends to Micro Details: Elevating LTC Decision-Making with Data Mobility.
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The culture of your organization plays a crucial role in the success of any data analytics initiative. Some organizations are naturally data-driven, while others may rely more on experience and gut instinct.
Knowing where your facility stands on this spectrum can help guide your approach to bringing new data practices or software into the mix.
Survey your leadership team to understand where your facility falls on the data-driven spectrum. If your organization is more âgut-driven,â start small by introducing one or two metrics to track and review regularly to ease the transition toward data-driven decision-making.
We recommend starting with HPPDÂ and overtime trend analysis to help identify facilities that need focused operational attention. Tracking these two metrics religiously can lead to staff scheduling and recruitment optimizations that drive substantial cost savings for the organization.
Check out our other article, The Role of Advanced Analytics in Long-Term Care Staffing Strategies for even more on this topic!
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Skilled nursing facilities manage vast amounts of data across several domains, including:
Take stock of all the different data sources within your organization. Identify which data sets are currently being used and which are being underutilized. Work to consolidate this data for easier analysis.
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Data analytics in skilled nursing can benefit various departments and processes. It can take the form of dashboards and reports that display key metrics and their trends over time.
Here are a few examples of how data analytics is used by department:
Begin by implementing data analytics in one or two key areas (e.g., staffing or reimbursement) and gradually expand across other departments. Show tangible benefits early to encourage wider adoption.
Unlike most skilled nursing data analytics platforms, Megadata allows customers to purchase individual modules, like labor management or clinical, so they can introduce data analytics insights at a pace that feels comfortable for their organization. Interested in learning more? Book a call with us!
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Several data analytics platforms cater to the specific needs of skilled nursing facilities:
Evaluate these platforms based on your specific organizational needs, focusing on features that offer seamless integration, ease of use, and high levels of support (see below).
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When evaluating a data analytics platform, consider these key features:
When demoing a platform, ensure it meets these criteria. Consider involving department heads in the decision-making process to ensure the platform meets cross-functional needs. An easy way to do that is to share interactive demo links with your team to spark engagement. Megadata offers short interactive demos for Labor Management, Clinical, and Hiring Analytics!
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The most effective way to introduce data analytics into your organization is through a top-down approach. Begin with senior leadership and ensure they are well-versed in the platform's features. Gradually expand usage to regional directors, administrators, and department heads.
Plan a phased rollout that starts with training key leaders. Use case studies and real-world examples to showcase the platform's value, creating buy-in from staff at all levels.
When evaluating Megadata, we already have a phased rollout document ready for you! Reach out to us via our Contact Us page to request a copy to share with your team.
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When data analytics is fully integrated, skilled nursing facilities can expect:
Track key performance indicators (KPIs) and share them with your team regularly. Create a culture of transparency and accountability to drive ongoing improvements.
Here are some lesser categories that still deserve mentioning in this data and analytics in skilled nursing guide...
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With increasing reliance on data, ensuring data privacy, security, and governance is criticalâespecially in healthcare, where compliance with regulations like HIPAA is non-negotiable. Look for a data analytics provider that is SOC 2 and HIPAAÂ compliant and regularly complete SOC 2 type 2 compliance reports.
To read more about the importance of SOC 2 in healthcare analytics, read our interview with Megadata's Director of Operations, Ben Neuwirth, about Megadata's SOC 2 Compliance.
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Implementing a data-driven culture or introducing new analytics software can meet resistance if staff arenât adequately trained or if they donât see the value.
Your analytics provider should offer you a detailed implementation and rollout plan prior to signing which should include a breakdown of key reports and dashboards by role or department, including their frequency.
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Investing in data and analytics can seem like a significant upfront cost, but the return on investment (ROI) can be substantial when done right. By optimizing staffing, improving reimbursement accuracy, and streamlining operational workflows, skilled nursing facilities can achieve both short-term gains and long-term savings.
Even a small reduction in agency utilization across all facilities can yield hundreds of thousands or even millions in savings depending on the size of your organization.
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In todayâs competitive skilled nursing landscape, using data and analytics isnât just a ânice to haveââitâs essential for optimizing operations, improving care, and boosting financial performance. By carefully selecting the right tools, fostering a data-driven culture, and implementing analytics with a structured approach, your facility can unlock new levels of efficiency and success.
Want help incorporating data and analytics best practices in your organization? Reach out to us by booking a call today!
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