We talk about ‘actionable insights’ – but what does that actually mean?
By Oncology Supply
In the world of healthcare analytics, the term “actionable insights” gets used a lot. But what does it really mean for your practice? At its core, it’s about taking the massive amounts of data your practice generates every day — about drug costs, patient visits, reimbursements, productivity — and presenting it in a smarter way that makes it easier to understand. With that clarity, you can make decisions that directly support practice improvement and growth.
But here’s the challenge: raw data is rarely actionable on its own. It can often be scattered across disparate systems, buried in reports, or just incomplete. Without a way to organize, analyze, and interpret it, you’re left asking the same frustrating questions:
- Are we spending too much on drugs and supplies?
- Are we being reimbursed reasonably for the services we provide?
- Which areas of our practice are performing well — and which need improvement?
- How do we compare to similar practices when it comes to costs or productivity?
For many practices, answering these questions can feel overwhelming. The data is there, but it’s locked in silos making it very difficult to see the big picture. And that's where an advanced practice business analytics solution like InfoDive® comes in. InfoDive allows you to quickly and easily turn datasets from your other solutions – such as your practice management system – into actionable insights. You get a comprehensive view of your practice’s performance, helping you tackle your biggest challenges and supporting practice improvement and growth.
Gain control over costs
One of the biggest challenges in many practices is managing the cost of drugs and supplies, as they represent a significant portion of the budget. InfoDive provides detailed insights to help you:
- Determine what portion of your costs, with or without rebates, are being reimbursed
- Evaluate how efficiently your practice is using supplies and find ways to improve margins
- Keep your purchasing decisions aligned with your financial goals
But cost management is only part of the equation. InfoDive helps you take a holistic approach to practice improvement, with tools that evaluate productivity, revenue, and patient demographics:
- Identify growth opportunities by analyzing new patient trends and referral patterns
- Examine patient demographics to tailor services for your community’s needs
- Develop new marketing efforts that target specific patient populations
Benchmarking for continuous improvement
Understanding your practice’s performance isn’t just about looking inwards, it’s also about seeing how you compare to your peers. With over 200 specialty-specific benchmarks, InfoDive helps you to measure your performance against similar practices, industry standards, or even across departments within your own practice. This helps pinpoint gaps in performance and areas for improvement.
For example, you can:
- Compare provider productivity by analyzing RVUs, visits, and unique patients
- Assess financial metrics, such as payer mix or reimbursement rates
- Evaluate performance across departments to uncover inefficiencies
Ready to take control of your practice’s future?
Your data is one of your practice’s greatest assets. InfoDive helps you harness it, turning overwhelming numbers into clear insights that guide smarter decisions. Actionable insights aren’t just about knowing what’s happening in your practice – they’re about knowing what to do next.
Speak with your Cencora account manager or contact our team at ProviderClientServices@intrinsiq.com to learn how InfoDive can help your practice improve and grow.
