Welcome to Franklin:BI, Answers for Comparative Provider Performance.
We started with a new foundation of financial, operational and clinical performance, and maxed it out with 750 ratios & measures. The data model untangles the silos of health information and the BI platform is the latest in big data analytics. Custom metrics, peers and national standards bring providers’ experience to life. The result is an analyst’s dream.
Answers at the speed of thought!
Designing Data Assets
The keystones are the data assets, deep and broad like any hospital; organized for fast, relevant and intuitive selection & comparison. Custom metrics and exclusive ratings and rankings allow users to become the masters of answers.
The data are sourced from hospital submitted filings ensuring timely and accurate documentation about factual utilization of care services to all patients in the inpatient and ambulatory settings.
Data are based on a full census of all-payer patient activity, with some measures such as patient experience being survey-based and statistically representative of all patient activity.
The hospital database continually expands as updated data and new methods link big data files to provider performance. Data about population health, physician performance and episodes of care will link a setting longitudinally across care locations and time.
The Franklin:BI platform is newly designed and architected to address the big data needs of today’s health systems. It continues to expand and be enhanced with interrelated data content (such as physicians affiliated with hospitals) driven by provider relationships, population-based burdens, and clinical utilization & health risk.
The Open Content Approach
The platform allows for export or extraction of data for further research and analysis, delivering an “open content” approach for teams with broader interests or data needs. Utilizing APIs that source data for Franklin Trust, the BI needs of users are kept current with timely and frequent updates to existing data along with a commitment to expand the laboratory of unexplored data.
Franklin:BI operates in Microsoft’s Azure Cloud services utilizing Microsoft’s Power BI™ tools inside the framework of the Microsoft Azure® Trust Center, a trusted cloud service that provides embedded security and privacy, and compliance with global standards. Use of Microsoft Azure meets a broad set of industry-specific compliance standards, such as ISO 27001, HIPAA, FedRAMP, SOC 1 and SOC 2.
ASC and hospital surgical trends by service-line, volume and location for all-payers provides keen insights on demand, utilization and service mix for OP surgical cases. Stay ahead of migration away from HOPD services.
Perform a deep-dive on all providers and affiliated physicians, network providers and referring groups. Evaluate quality, safety, cost, market share, travel distance, county, city and zip origin and leakage & migration.
Merger & Acquisitions
Affiliations to sales are reshaping community care. Evaluate pitches, valuations, past performance and fiscal compatibility with trended financials and integrated operations experience. Shopping or selling, use the same tool used by the M&A experts for business intelligence.
Scorecard, rank, rate, compare, benchmark with custom peer groups and individual provider profiles deep in performance history and relevance. Labor, costs, mark-ups, wages, benefits, revenues and allowances. Know everyone’s numbers too.
CMS posts a flurry of measures to Hospital Compare, yet they are all national in context. Selecting those measures and creating a local custom peer group provides more context in local markets where choice/access is often geographically limited.
Budgeting & Staffing
Evaluate historical expenses, operating metrics, wages and benefits at the departmental level to help build up budgets and projections for all department heads.
Human Capital Growth
Accelerate manager advancement, building quantitative intuition with fast, relevant and contextual business intelligence.
Patient Migration & Leakage
Snowbirds and leaf peepers find care away from local markets. See to who and from where, and track where your market leaks for care in the winter months. Essential for at-risk populations and cross state boarder share analysis.
Positioning for Value
Scorecard your financial metrics alongside quality, safety and satisfaction in a balanced view for Value Performance. Engage clinical and operational teams around aligned targets. Keep all competitors in sight on balanced timely metrics.
Rate and rank your own performance among local custom peers and against local and custom benchmarks to differentiate your payer market position. Proactively tell your story before they tell you one.
Physician and Group practice panels are increasingly transparent. Makeup of chronic patients, practice risk scores, demographics, eligibility(s), preventive measures, CG-CAHPS experience, and relevant hospital affiliations, education and specialties offer insight into your physician relationship management.
Know your network, from affiliate performance on quality to trending new ASCs, urgent care and convenient care providers. Physician practice stats provides visibility into their physicians’ chronic conditions, demographics, dual eligibility, volumes, etc. The network is what’s new and intel is knowledge in forming a desired network construct.