Leadership and Management Skills to Enhance Your Professional Role Online-How to Utilize Unit-Based Metrics and Financial Data

How to Utilize Unit-Based Metrics and Financial Data

Video Transcription

Video Summary

In this video, the speaker discusses the importance of metrics in healthcare. They explain that metrics are a set of numbers that provide information about a company or organization's performance. Metrics can be used at the process level or at the complete outcome or activity level. The speaker emphasizes the need for data integrity and understanding the validity and limitations of metrics. They also suggest that organizations should be data-informed rather than data-driven and stress the importance of a multidisciplinary team in using metrics to drive change. The speaker provides examples of different ways to classify metrics and highlights the need for data validation and visualization. They also discuss the steps involved in the process of improvement using metrics and recommend a must-read article on the topic. In conclusion, the speaker emphasizes the importance of using metrics effectively to assess value, inform local change, and relate to the external world.

Keywords

metrics

healthcare

data integrity

data validation

multidisciplinary team

process improvement

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