“Big data” – we have all heard the term, as it points to the degree of ICD-10 specificity that will provide more comprehensive and complete data for outcome analysis and decision-making. As the industry is preparing for the clinical documentation and coding changes inherent in ICD-10, how are we preparing to understand the outcomes of this enhanced data specificity?
Mining means more than just digging a hole and hoping you find gold. The bigger the data, the easier it is to produce meaningless trends and data outcomes.How prepared will you be to identify meaningful trends, understand the impact of ICD-10, and analyze the Medicare case mix index?
Data is different from information
Analyzing big data and converting it into actionable items is more challenging than people think. More information is not always the answer and can easily lead to inaccurate conclusions. Some outcome analyses produce large volumes of data without representing concrete findings reflecting our logical conclusions. Have you ever seen a Medicare case mix index analysis that has pages of information, highlighting myriad deviations from benchmarks, only to demonstrate variances without merit? Does a 2 percent deviation from MedPAR data represent a truly aberrant finding?